Joint ventures and alliances

Adventus sells partial JV stake in Danang project for $1.5 mil upon facing 'some difficulties'
SINGAPORE (May 22): Adventus Holdings is selling back a 45% stake in ADV S3 to its former joint venture (JV) partner, Tran Hoang Anh Tuan, for US$1.1 million ($1.5 million). ADV S3 is an investment holding company established for the development and sale of a residential project in Danang, Vietnam. Adventus moved to reduce its exposure to the project after encountering “some ...
Singapore Airlines, SATS extend partnership with new five-year contract commitment
SINGAPORE (April 30): Singapore Airlines (SIA) and SATS Ltd have agreed to renew a suite of aviation services contracts for the next five years as part of their bid to strengthen Singapore’s overall competitiveness as a hub. For the next five years starting from April 1, SIA and SilkAir contracts will have a five-year tenure with the option to extend for another five years. It encompasses ...
Q&M collaborates with IMU Education to develop AI-enhanced system
SINGAPORE (April 9): Q&M Dental Group is partnering Malaysian private university operator IMU Education Sdn Bhd to develop an artificial intelligence (AI) enhanced dental treatment decision support system to manage common dental problems. The project will focus on developing AI algorithms to “intelligently assist dental treatment decision-making”. This will be accomplished by ...
Synagie eyes Vietnam e-commerce market expansion with new brand partner
SINGAPORE (Apr 4): Synagie Corporation has announced expansion plans to Vietnam’s e-commerce market by signing one of the world’s biggest luxury beauty companies as its first brand partner to use Synagie’s e-commerce enablement solutions to help them grow in the country. Through the group’s end-to-end commerce enablement and fulfilment solutions are achieved using a cloud-based Synagie ...
Keppel acquires minority stake in EV battery business for $68 mil
SINGAPORE (April 1): Keppel Corporation, through its wholly-owned subsidiary KepVenture, is investing US$50 million ($67.7 million) for a minority stake in Envision AESC Group. Envision AESC Group is an intelligent lithium-ion battery company which is 80:20 owned by China’s Envision AESC Holding and Japanese automobile manufacturer Nissan. It recently acquired Automotive Energy Supply ...
SIA Engineering to establish line maintenance JV in Thailand with NokScoot
SINGAPORE (April 1): SIA Engineering Company (SIA EC) is establishing a $2.74 million line maintenance joint venture (JV) company in Thailand with low-cost carrier (LCC) airline, NokScoot Airlines. The JV company is due to commence operations in Bangkok’s Don Mueang Airport (DMK) with the aim to subsequently expand to other key airports in Thailand. Under the terms of the agreement, SIA ...
FJ Benjamin in partnership to distribute Baume & Mercier watches
SINGAPORE (Mar 29): FJ Benjamin Holdings has entered into a partnership to distribute Baume & Mercier watches in Singapore and Malaysia. FJ Benjamin will be responsible for daily operations, sales and support, as well as marketing and communications to promote and strengthen Baume & Mercier’s brand awareness and image. FJ Benjamin, the retailer of international luxury and ...
SIIC Environment in $21.1 mil joint venture to build Shandong WTE facility
SINGAPORE (Mar 19): SIIC Environment Holdings is establishing a RMB105 million ($21.1 million) joint venture (JV) company, Shen County SIIC Environmental Energy, to construct and operate a waste-to-energy (WTE) project with a capacity of 1,200 tons per day at Circular Economy Industry Park in Shen County, Shandong Province, China. In Jan, SIIC announced its signing of a build-operate-transfer ...
DLF Holdings enters joint venture to share profits on marine work order
SINGAPORE (Mar 11): DLF Holdings, the mechanical and electrical (M&E) engineering firm, is entering a 80:20 joint venture (JV) agreement with Prosper Environmental Engineering to collaborate on a work order awarded to the latter to construct the living quarters of a marine admiralty yard. As a contractor under the work order for an unnamed ‘leading player in the marine engineering ...
Singtel names AT&T a new founding member of Global Telco Security Alliance
SINGAPORE (Mar 6): American telco conglomerate AT&T has joined the Global Telco Security Alliance – which was launched in April 2018 by four telecommunications operators around the world including Singtel – as an equal member of the group. With this, the cybersecurity-focused alliance now has a total of five founding members, namely: Singtel (Singapore), AT&T (North America), ...