SINGAPORE (Dec 16): This year, a total of 19 listed companies are undergoing privatisation, and being merged or acquired – more than the eight last year and the 14 in 2017. As it is, close to $20 billion worth of mergers and acquisition (M&A) deals involving the four major developers in Singapore have been concluded since the start of the year.

In an outlook report by DBS Group Research, lead analyst Yeo Kee Yan believes that some of the factors spurring M&A activity are cheap valuations, cash-rich companies, low liquidity and strong brand franchise.

Meanwhile, some of the privatisation deals were fuelled by cheap valuation, lack of trading activity, cost of maintaining listing, and the need to restructure and streamline operations.

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