M&A
It's official: Sembcorp Industries and Sembcorp Marine will decouple
Sembcorp Industries and Sembcorp Marine (SembMarine) have jointly announced on Aug 11 that the recapitalisation of SembMarine through a proposed $2.1 billion renounceable rights issue, as
M&A
Temasek will not proceed with partial offer for Keppel Corp
On Aug 10, Temasek Holdings announced it has decided that it will invoke the material adverse change (MAC) pre-condition, and accordingly, the Partial Offer will not proceed.
M&A
Citicode to acquire Livingstone Health for $72 mil
Mainboard-listed Citicode (formerly Advance SCT) announced today that it intends to acquire Livingstone Health (formerly Ardmore Consolidated) for a total consideration of up to $72 million.
M&A
Wilmar International announces $8.49 mil investment in Unity Foods
Wilmar International, on Thursday (July 23, 2020), announced that it has acquired a total of some 103.3 million ordinary shares in Unity Foods from Muhammad Farrukh, Safdar Sajjad, and Fe
M&A
AEM holdings acquires DB Design Group for US$3.3 mil
AEM Holdings, a solutions provider for semiconductor and electronics companies, announced on July 22, 2020, that it has acquired a 100% stake in DB Design Group, a California-based suppli
M&A
ESR-REIT and Sabana REIT to merge, bringing total assets to $4.1 bil
SINGAPORE (July 16): The managers of ESR-REIT and Sabana Shari’ah Compliant Industrial REIT (Sabana REIT) jointly announced the proposed merger of both REITs.
M&A
Sembcorp Industries forms joint venture company with CRE Asia; increases share capital in Sembcorp Infra Services
SINGAPORE (July 2): Sembcorp Industries’ wholly-owned urban business Sembcorp Development and Japanese property firm CRE Asia has formed a joint venture company, Sembcorp Infra Holdings (SIH), on T
M&A
BlackGold shares surge 66.7% following proposed strategic collaboration and acquisition from S Lad Group
SINGAPORE (July 2): Shares in BlackGold Natural Resources surged 66.7% when markets opened Thursday morning following the announcement of its proposed strategic business collaboration and acquisiti
M&A
Koufu acquires group of food manufacturing companies for $22 mil
SINGAPORE (July 1): Food court operator Koufu today said that its wholly-owned subsidiary Koufu Pte Ltd is acquiring four food manufacturing companies for a total consideration of $22.04 million fr
M&A
Carlyle to acquire 25% stake in Bharti Airtel’s data centre business for US$235 mil
SINGAPORE (July 1): Singapore Telecommunications (Singtel) announced that its associate Bharti Airtel has sold a 25% stake in its data centre arm, Nxtra Data Limited, for US$235 million ($327.4 mil
