business diversification

Company in the news

Sen Yue eyes earnings recovery with e-waste diversification and new smelting facility

SINGAPORE (Mar 27): For three decades, Sen Yue Holdings’ core business has been in commodities trading and metal recycling.

Commodities

BlackRock has bigger guns in its armoury

(Jan 31): BlackRock Inc, the world’s largest asset manager, says it will cut exposure to companies linked to thermal coal, among other climate-friendly measures. It’s a powerful signal.

Broker's Calls

China Aviation Oil kept at 'buy' by RHB on diversification strategy, long-term growth prospects

SINGAPORE (Jan 21): RHB Group Research is reiterating its “buy” call on China Aviation Oil (CAO) with a target price of $1.55, representing a 21% upside for the stock. 

Broker's Calls

HRnetGroup's business diversification amid economic uncertainty keeps it at 'add'

SINGAPORE (June 14): CGS-CIMB Research is keeping HRnetGroup at “add” but with a lower target price of $1.01 compared to $1.03 previously.

Corporate moves

Chew's Group seeking approval for name change and business diversification

SINGAPORE (Jan 9): Chew’s Group on Tuesday will hold an extraordinary general meeting (EGM) to propose a company name change to OneApex, diversification of its business and adoption of the IPT (int

M&A

Datapulse to acquire Seoul hotel for $42.7 mil

SINGAPORE (Dec 17): Datapulse Technology announced that it is acquiring Hotel Aropa, a hotel located in Seoul, Korea, from Hotel Prima Co for a consideration of KRW 35 billion ($42.7 million).

China Kunda diversifies business to include manufacture and distribution of furniture

SINGAPORE (June 25): China Kunda says that it will be diversifying its business to include manufacturing and distributing furniture.

M&A

Allied Technologies buys 51% stake in Asia Box Office for $30 mil

SINGAPORE (Apr 3): Allied Technologies has entered into a sale and purchase agreement with Platform Internet Capital to purchase a 51% stake in Asia Box Office for $30 million.

Acromec diversifies into renewable energy sector; expands into Indonesia

SINGAPORE (Mar 14): Acromec has incorporated two companies to diversify into a new sector and a new country.

M&A

Allied Technologies to acquire 51% stake in Asia Box Office

SINGAPORE (Jan 24): Allied Technologies has entered into a binding memorandum of understanding (MOU) with Platform Internet Capital to acquire a 51% stake in Asia Box Office.

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