acquisitions

Company in the news

CapitaLand Investment acquires three properties in Singapore and Thailand

The total investment value of the four new acquisitions brings CLI’s funds under management in the region to $1.2 billion.

M&A

Centurion Corp set to acquire remaining 51% stake in Oriental Amber

The acquisition will be completed on Dec 21, following which Oriental Amber will become a 100%-owned subsidiary of Centurion.

Right Timing

Technicals versus fundamentals highlight poor sentiment surrounding acquisitions

Price action suggests investors don't like acquisitions or hints of acquisitions in this part of rate cycle
ComfortDelGro buys buses and depots in Queensland, Australia for $17.5 mil - THE EDGE SINGAPORE

M&A

ComfortDelGro buys buses and depots in Queensland, Australia for $17.5 mil

CDG is acquiring the business assets of Young’s Bus Services, including 42 buses and two depots.
Suntec REIT divests Suntec City office strata units for $197 mil; acquires The Minster Building in London for $667.2 mil - THE EDGE SINGAPORE

REITs

Suntec REIT divests Suntec City office strata units for $197 mil; acquires The Minster Building in London for $667.2 mil

The London acquisition is said to be accretive to the REIT’s distribution per unit (DPU) and net asset value (NAV).
ESR-REIT eyes acquisitions overseas, AEIs at home - THE EDGE SINGAPORE

ESR-REIT eyes acquisitions overseas, AEIs at home

ESR-REIT plans acquisitions overseas supported by sponsor ESR Cayman, organic growth through AEIs at home
OCBC acquires remaining 51% stake in Horizon Asset Management for RM2.6 mil - THE EDGE SINGAPORE

M&A

OCBC acquires remaining 51% stake in Horizon Asset Management for RM2.6 mil

Horizon, following the acquisition, is now a wholly-owned subsidiary of OCBC Bank through KIM Limited.
REIT that offers price stability, stable DPU in a volatile year - THE EDGE SINGAPORE

Stocks To Watch

Mapletree Logistics Trust: REIT that offers price stability, stable DPU in a volatile year

Mapletree Logistics Trust's $1 billion of acquisitions made in 2020 are likely to boost net property income in 2021.
Keppel DC REIT’s DPU surges 20.5% in FY2020, manager plans to continue with acquisitions  - THE EDGE SINGAPORE

REITs

Keppel DC REIT’s DPU surges 20.5% in FY2020, manager plans to continue with acquisitions

Keppel DC REIT plans to continue growth path after DPU surged 20.5% in FY2020 to 9.17 cents. At current prices yield is 3.17%
Xero prices zero coupon US$700 mil convertible notes due 2025 - THE EDGE SINGAPORE

Funds

Xero prices zero coupon US$700 mil convertible notes due 2025

The settlement of the offering is expected on Dec 2, 2020.
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