M&A
OKP to acquire Tagore Lane property for $8 mil
SINGAPORE (Nov 18): OKP Holdings announced Monday it has exercised the option to purchase a property at 32 Tagore Lane off Upper Thomson Road for $8 million.
M&A
GIC, Tencent in talks to form consortium for Universal Music Group stake
(Nov 18): Tencent Holdings is in talks with potential co-investors for its proposed bid for a minority stake in Universal Music Group from Vivendi SA, according to people with knowledge of the matt
M&A
Sheng Siong to acquire commercial HDB units in Aljunied for $29.5 mil
SINGAPORE (Nov 15): Sheng Siong Group announced Friday it is acquiring commercial premises at 118 Aljunied Avenue 2 for $29.5 million.
M&A
ST Engineering Aerospace moves up value chain with MRAS acquisition
SINGAPORE (Nov 18): ST Engineering sees its aerospace arm’s acquisition of US-based nacelle manufacturer Middle River Aerostructure Systems (MRAS) as a key step in its move to go upstream in the ae
M&A
Yoma Strategic sinks to 2Q loss of $60 mil; announces deal to sell 20% stake to Ayala Corp
SINGAPORE (Nov 14): Yoma Strategic Holdings sank into the red with a net loss of US$44.2 million ($60.2 million) for 2Q20 ended September, compared to earnings of US$18.8 million a year ago.
M&A
Ayala Corp said to eye $324 mil investment for 20% stake in Pun's Yoma Strategic and First Myanmar Investment, FT reports
SINGAPORE (Nov 13): Ayala Corporation, one of the oldest and largest conglomerates in the Philippines, is set to invest US$238 million ($324 million) to buy a 20% each in Singapore-listed Yoma Stra
M&A
Regional companies see stable M&A desire driven by new markets, tech and talent
SINGAPORE (Nov 12): Companies in the region have relatively stable appetite for M&A activity, a recent EY survey has found.
M&A
Metro to invest $89.7 mil for 20% stake in portfolio of 14 Australian properties
SINGAPORE (Nov 8): Metro Holdings is eyeing an entry into Australia’s commercial real estate market with an investment of A$95.8 million ($89.7 million) for the proposed acquisition of a 20% stake
M&A
OKH unit to sell Tuas dormitory to associated company of OneApex for $24 mil
SINGAPORE (Nov 7): OKH Holdings, a wholly-owned subsidiary of OKH Global, is divesting its three-storey workers’ dormitory at Seatown Industrial Centre in Tuas South for $24 million.
