merger

M&A

Ride-hailing giant Gojek raises US$1.2 bil for clash with Grab

SINGAPORE (Mar 17): Southeast Asian ride-hailing giant Gojek has raised US$1.2 billion ($1.7 billion) for expansion, defying tech-sector turbulence and the coronavirus pandemic to secure funds to t

M&A

FLT, FCOT unitholders vote overwhelmingly in favour of merger to create $5.7 bil behemoth

SINGAPORE (Mar 11): The unitholders of both Frasers Logistics Trust (FLT) and Frasers Commercial Trust (FCOT) have approved the proposed merger of the two entities for a price tag of $1.54 billion.

REITs

FLT, FCOT eye merger as growth stalls in Australia and Europe while mark-to-market issues surface

SINGAPORE (Mar 6): On the morning of March 11, at 10 am, unitholders of Frasers Logistics and Industrial Trust (FLT) will be voting by a scheme of arrangement to merge with Frasers Commercial Trust

Broker's Calls

Daiwa upgrades CapitaLand Commercial Trust to 'outperform' from 'sell' on brighter post-merger outlook

SINGAPORE (Feb 11): Daiwa Capital Markets has altered its view on CapitaLand Commercial Trust (CCT) by almost 180 degrees, on the back of the REIT standing to benefit on “favourable terms” from its

Investing ideas

OUE Commercial REIT to draw investor interest on stable portfolio, potential index inclusion: analysts

SINGAPORE (Feb 4): OUE Commercial REIT (OUECT) could well have started to reap profits from its merger with OUE Hospitality Trust (OUEHT). 

Potential re-rating on the cards for Frasers’ Singapore REITs amid proposed merger: CGS-CIMB

Investing ideas

Potential re-rating on the cards for Frasers' Singapore REITs amid proposed merger: CGS-CIMB

SINGAPORE (Dec 3): CGS-CIMB Research is staying positive on Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT), after the respective managers on Monday announced a p

Investing ideas

Merger ticks all the right boxes for OUE Commercial REIT, but analysts remain cautious

SINGAPORE (Nov 19): OUE Commercial Trust (OUECT) seems poised to thrive on its recent merger with OUE Hospitality Trust (OUEHT), which appears to have ticked all the boxes for the REIT. 

Yield watch

Irrevocable undertaking for merger from AHT's stapled security holders as ART outperforms sector

(Aug 5): Ascott Residence Trust announced on July 11 that Gordon Tang (who has a 6.1% stake in Ascendas Hospitality Trust) and AHDF (which has a 4.1% stake in AHT) have given their irrevo

M&A

OUE C-REIT and OUE-HT unitholders recommended to vote in favour of merger

SINGAPORE (July 10): The Independent financial advisers (IFAs) of OUE Commercial REIT (OUE C-REIT) and OUE Hospitality Trust (OUE-HT) have advised the directors of both trusts to recommend unithold

Aviation

United Technologies, Raytheon to combine as defense giant

NEW YORK (June 10): United Technologies Corp. agreed to buy Raytheon Co.

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