Shanghai

Deals, joint ventures & alliances

Ascendas-Singbridge partners Mitsui to own & operate two office buildings in Shanghai

SINGAPORE (Feb 14): Ascendas-Singbridge Group and Mitsui Co have signed an agreement to jointly own and operate two office buildings in Shanghai, Ascendas Innovation Place (AIP) and Ascendas Plaza (AP), through a 55:45 partnership.
CapitaLand in JV to acquire 70% of Pufa Tower in Shanghai CBD for $546 mil

Property

CapitaLand in JV to acquire 70% of Pufa Tower in Shanghai CBD for $546 mil

SINGAPORE (Jan 7): CapitaLand has formed a 50:50 joint venture with an unrelated third party to acquire 70% of Pufa Tower in Shanghai, China, for RMB2,752 million ($546.3 million).
Property markets from Hong Kong to Sydney join global downturn

Property

Property markets from Hong Kong to Sydney join global downturn

(Jan 7): Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening.

Update

Raffles Medical announces opening of Chongqing hospital

SINGAPORE (Jan 2): Raffles Medical Group (RMG) says its 700-bed hospital in Chongqing is now open, with a second hospital to open in Shanghai, Pudong Qintan, this year.

Contracts

OUE Lippo Healthcare JV to manage 3 hospitals in major Chinese cities

SINGAPORE (Dec 31): OUE Lippo Healthcare will manage three medical facilities in Shanghai, Chongqing and Nanjing through to a joint-venture agreement.

SK Jewellery launches second Love & Co. store in China

SINGAPORE (May 21): SK Jewellery Group, formerly known as Soo Kee Group, today announced the opening of its flagship Love & Co. store in Shanghai, China, at Hong Kong Plaza shopping mall.

Broker's Calls

Is it too early to go into Raffles Medical?

SINGAPORE (May 2): RHB is downgrading its call on Raffles Medical Group (RMG) to “sell” from “neutral” with an unchanged $1.02 target price.

OCBC signs second cross-border financing partnership agreement with Bank of Shanghai

Main image, left to right: OCBC Bank’s Group CEO Samuel Tsien, Bank of Shanghai Chairman Jin Yu and CEO of Banco Santander Asia Pacific, Antony Hung

Katrina opens maiden So Pho outlet in Shanghai with Ajisen Group

SINGAPORE (Jan 18): Katrina Group, the F&B group specialising in multi-cuisine concepts and restaurant operations, has opened its So Pho restaurant in Shanghai, China, under its joint venture (JV) company named So Pho International with Big Benefit Group.

Cityneon's Transformers exhibition opens in Chongqing

SINGAPORE (Jan 11): Cityneon has launched its Transformers Autobots Alliance Exhibition in Chongqing, China.
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