Australia

Company in the news

iX Biopharma secures licence to manufacture cannabis in Australia

SINGAPORE (Dec 5): iX Biopharma has been awarded a cannabis manufacture license from the Australian Office of Drug Control to manufacture and supply extracts and tinctures of cannabis and cannabis

M&A

Straits Trading acquires property in Victoria for A$24 mil to expand Australian portfolio

SINGAPORE (Dec 4): The Straits Trading Company is acquiring a mixed-use office and industrial property located in Mulgrave, Victoria in Australia for A$24 million ($22.3 million).

Company in the news

MindChamps opens flagship centre in Sydney to bring Singapore early education standards Down Under

SINGAPORE (Oct 31): MindChamps PreSchool has opened its first purpose-built flagship centre in Australia.

M&A

MapletreeLog Trust enters into agreement to buy Melbourne logistics property for $17.4 mil

SINGAPORE (Sept 17): The manager of Mapletree Logistics Trust (MLT) announced Tuesday it has entered into a conditional forward purchase agreement for the acquisition of a warehouse in Melbourne, A

Company in the news

ST Group brings flavours from home to Asians abroad, enjoys rapid revenue growth with outlet expansion

(Sept 16): All over Asia, bubble tea — also known as boba tea — stalls are popping up on every corner and long queues are a usual sight.

Insider moves

Lian Beng’s controlling Ong family raises stake, order book now $1.4 bil

(Aug 12): The Ong family, the controlling shareholder of construction and property company Lian Beng Group, has recently bought the company’s shares from the market.

Property

Frasers Logistics & Industrial Trust to acquire stakes in 12 properties in Germany, Australia from sponsor for $482 mil

SINGAPORE (July 3): The manager of Frasers Logistics & Industrial Trust (FLT) has announced the proposed acquisition of interests in 12 logistics properties in Germany and Australia from sponso

Company in the news

Circles.Life launches world's first multi-country digital telco platform in Taiwan

SINGAPORE (June 24): Homegrown mobile virtual network provider Circles.Life is launching its digital mobile services in Taiwan on the back of a partnership with one of island’s largest telco player

Property

Frasers Logistics Trust partially divesting Australian asset for A$15 mil; seeks buyer for remaining components

SINGAPORE (May 16): The manager of Frasers Logistics & Industrial Trust (FLT) says it is divesting the warehouse and hardstand components of 610 Heatherton Road in Victoria, Australia, to Mack

M&A

ComfortDelGro deepens footprint in Australia with A$28.3 mil bus acquisition

SINGAPORE (Apr 23): ComfortDelGro Corporation announced Tuesday it is acquiring Australian bus service operator B&E Blanch for A$28.3 million ($27.5 million).

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