Deals, JVs and alliances

GSS Energy CEO Yeung to buy out main operating unit

SINGAPORE (Jan 23): Sydney Yeung, group CEO and controlling shareholder of GSS Energy, is offering to acquire the key operating subsidiary of the company, Giken Sakata (S).

REITs

Sabana REIT’s 4Q2019 DPU stages rebound, AEI to boost rents at New Tech Park

SINGAPORE (Jan 23): Sabana Shariah Compliant Industrial Real Estate Investment Trust’s distributions per unit (DPU) in 4QFY2019 managed to rebound, rising 8.5% y-o-y to 0.77 cents.

Results

Singapore Exchange posts 2.6% increase in 2Q earnings to $99.0 mil, acquires 93% stake in Scientific Beta for $280 mil

SINGAPORE (Jan 23): Singapore Exchange (SGX) reported 2Q20 earnings of $99.0 million, 2.6% higher than $96.5 million a year ago. 

REITs

ESR-REIT's CEO outlines merger benefits, growth plans

SINGAPORE (Jan 23): Adrian Chui, CEO of ESR-REIT’s manager may have started a trend. In 2018, ESR-REIT merged with Viva Industrial Trust in a share and cash offer.

Results

Keppel Corp posts 25.5% drop in FY19 earnings to $707 mil on absence of one-off gains, proposes 20% lower final dividend of 12 cents per share

SINGAPORE (Jan 23): Keppel Corporation saw its earnings jump 41.5% to $191.4 million for 4QFY2019 ended December 2019, from $135.3 million a year ago.

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