Australia

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.

The new A$7 million ($6.6 million) centre, which can accommodate up to 94 children aged from six weeks to six years, is located at Frenchs Forest in Sydney.

The centre includes a full industrial kitchen with a chef who will prepare nutritious farm-to-fork meals with the involvement of the children, who will also care for and harvest a kitchen garden.

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, Australia at a property purchase price of A$18.4 million ($17.4 million).

The property is a one-storey modern logistics facility to be constructed at 15 Boterro Place in Truganina, Melbourne – one of the fastest growing industrial precincts in Australia.

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. Bubble tea, which consists of tea, milk and toppings such as chewy tapioca pearls, has sparked a craze, with people willing to wait for hours for their favourite drink.

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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. On Aug 2, the family bought 440,000 shares at 50 cents each, following the purchase of 299,500 shares on Aug 1 at the same price.

The purchases were made via a vehicle held by the family called Ong Sek Chong & Sons. With these purchases, the direct stake held via this entity has increased from 18.61% to 18.7%, or 93,463,000 shares. 

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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 sponsor Frasers Property for a total consideration of A$507.2 million ($481.8 million).

The agreed property purchase price of the nine properties in Germany is approximately €320.3 million ($493.3 million), while the property purchase price of the three properties in Australia is approximately A$125.5 million.

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 players.

Circles.Life Taiwan enables customers to sign up on the Internet with a SIM card being delivered the very next day, as well as flexible and no-contract plans which free customers from paying for unused data, unlike the current rigid plans that bind them.

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 Bros Enterprises for A$15 million ($14.2 million).

The deal represents a 11.1% premium to the property as at 15 April this year, and is subject to FLT’s successful registration of its subdivision plans for the property with the relevant authorities.

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).

B&E Blanch, which has a fleet of 48 buses and coaches, runs scheduled route and school bus services in New South Wales (NSW). The company operates as Blanch’s Bus Company and Brunswick Valley Coaches.

The latest acquisition is ComfortDelGro’s sixth acquisition in Australia in the last 12 months, and its fifth in NSW.

MindChamps acquires 8 more Sydney preschool centres for $39.3 mil

SINGAPORE (Apr 8): MindChamps Preschool Limited is acquiring eight more early learning centres in Sydney, Australia, for a total of A$40.84 million ($39.3 million) from Malek Family Pte Ltd and Malek Group Investments Pty Ltd.

The centres are located across six suburbs of the city, namely: Mascot, Parramatta, Albion Park, West Hoxton, Kemps Creek and Shellharbour.

Australia, Singapore to crack down on online media with new laws

SYDNEY/SINGAPORE (April 1): Governments in the Asia Pacific region are accelerating efforts to fight malicious use of online media, unveiling laws that make it easier to target websites which enable distribution of criminal or fraudulent content.

Australia said it will legislate “tough” new laws to prevent social-media platforms from being “weaponized” by terrorists and extremists who may use them to live-stream violent crimes, such as this month’s terror attack in New Zealand. Singapore said it will introduce a law to halt the spread of “fake news.”

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