M&A
Alibaba to invest $4.89 bil in grocer Sun Art, raising its direct and indirect stake to 72%
Alibaba Group Holding Ltd.
M&A
SingPost acquires 38% stake in Australian freight company for $84.1 mil
Singapore Post (SingPost) has acquired Australian 4th party logistics service company Freight Management Holdings (FMH) for a consideration of A$85.0 million ($84.1 million).
M&A
Fabchem China to acquire over 71% shares in Renewable Power Management for $22 mil; to move to Catalist board following proposed acquisition
Fabchem China, the manufacturer of initiation systems and detonating cords for explosives, has entered into a non-binding term sheet with three other investors to acquire about 71.26% of the shares
M&A
HC Surgical Specialists subscribes to 20% of shares in Healthcare Essentials Pte Ltd through MOU
HC Surgical Specialists, the Catalist-listed medical services provider entered into a memorandum of understanding (MOU) with Healthcare Essentials Pte Ltd (HEPL) to subscribe to new ordinary shares
M&A
Elite Commercial REIT's primary tenant expands; sponsor acquires 4 UK properties via UK Commercial Fund III
The manager of Elite Commercial REIT announced that its primary tenant – the UK’s Department of Work and Pensions (DWP) – will be expanding its team in light of recent developments in UK.
M&A
Acromec acquires remaining 40% of Golden Harvest for $0.55 mil
Acromec, which provides cleanroom systems, has acquired the remaining 40% equity interest in Golden Harvest Engineering for $0.55 million.
M&A
Singapore fund manager thinks JPY5380 Line tender is "very low"
A Singapore-based money manager came out against SoftBank Group Corp.
M&A
AEM gets in-principle from SGX for the listing and quotation of shares in connection with DB Design acquisition
AEM Holdings has received approval-in-principle from the Singapore Exchange for the listing and quotation of 262,960 new ordinary shares to be issued at $3.17 per consideration share in connection
M&A
Boldtek enters into joint venture with Neo Group to go into property business
Boldtek Holdings and Neo Group Limited have entered into a joint venture agreement (JVA) on August 28, where the parties intend to establish a joint venture company (JV Company) to carry out the bu
M&A
Appetite for overseas expansion grows as Koufu expands into the Philippines
Koufu will bring its Supertea and R&B Tea brands to the Philippines, after subsidiary Super Tea entered into a master franchise agreement with Shakey’s Pizza Asia Ventures.
