disposal

MINING

Golden Energy and Resources disposes 4 mil shares in Westgold Resources for A$9 mil

SINGAPORE (July 6): Golden Energy and Resources (GEAR) announced on Monday that it has disposed 4 million ordinary shares in Australian-listed Westgold Resources for A$9 million ($8.7 million).

M&A

AF Global disposes entire 55% stake in Xuzhou Yinjian LumChang Real Estate Development for $57.6 mil

SINGAPORE (June 8): AF Global’s indirect wholly-owned subsidiary LC Logistics has disposed its entire 55% stake in Xuzhou Yinjian LumChang Real Estate Development Co (XZYJLC) for a consideration of

M&A

Advanced Holdings disposes entire stake in ZMK Technologies for $2.1 mil

SINGAPORE (June 5): Advanced Holdings has disposed of its entire 85% stake in ZMK Technologies (ZMK) for a total consideration of €1.4 million (S$2.1 million) on Thursday.

M&A

Oxley Holdings disposes entire Galliard stake for $52.7 mil

SINGAPORE (June 5): Oxley Holdings’ wholly-owned subsidiary Oxley Bright has disposed of its entire 18.77% stake in Galliard Group (Galliard) for a total consideration of £30 million (S$52.7 millio

Company in the news

Tung Lok disposes entire 50% stake in T&T Gourmet Cuisine for $1.2 mil

SINGAPORE (June 19): Tung Lok's wholly-owned subsidiary, Tung Lok Millennium (TLM), is disposing its entire 50% stake in T&T Gourmet Cuisine for $1.15 million.

Joint ventures and alliances

Adventus sells partial JV stake in Danang project for $1.5 mil upon facing 'some difficulties'

SINGAPORE (May 22): Adventus Holdings is selling back a 45% stake in ADV S3 to its former joint venture (JV) partner, Tran Hoang Anh Tuan, for US$1.1 million ($1.5 million).

Update

iX Biopharma disposes of Australian lab testing business for $12 mil after 2Q losses

SINGAPORE (Feb 18): iX Biopharma is selling Chemical Analysis, its laboratory testing business in Australia, to Eurofins Australia New Zealand Holding for A$12.5 million ($12 million).  

M&A

FHT said to put up Sofitel Sydney Wentworth for sale

SINGAPORE (Jan 29): Frasers Hospitality Trust (FHT) is putting up Sofitel Sydney Wentworth for sale at a time over A$1 billion worth of hotels are expected to change hands, according to The Aus

Keppel divests 70% interest in Dong Nai Waterfront City for $136 mil

Property

Keppel divests 70% interest in Dong Nai Waterfront City for $136 mil

SINGAPORE (Jan 28): Keppel Corporation announced that a wholly-owned subsidiary Keppel Land Limited (KLL), Portsville, is divesting a 70% interest in Dong Nai Waterfront City (DNWC) to Nam Long Inv

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