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mergers and acquistions (M&A)
M&A
IHH Healthcare’s indirect wholly-owned Pantai Holdings acquires Bedrock Healthcare for RM245 mil
The acquisition is expected to be completed by the first half of 2024.
August 10, 2023
Singapore economy
Briefs: SGX-listed companies and trusts score in governance study; M&A deals surge by 28% q-o-q to US$602 bil in 2Q2023
Within the general category, Singapore Telecommunications (Singtel) reclaimed the top position, which it held from 2015 to 2019.
August 04, 2023
M&A
Global M&A deals surged 28% q-o-q to US$602 bil in 2Q2023, but down in APAC ex-China
There were 124 “mega-deals” of at least US$1 billion, up 46% q-o-q from 85 “mega-deals” in the previous quarter.
August 03, 2023
M&A
OEL acquires 70% stake in Quest Asia for $450,000
Upon the completion of the acquisition, OEL’s NTA per share will rise to 0.17 cents from 0.13 cents previously.
June 18, 2023
M&A
Mewah International acquires Indonesian palm oil facility operator for IDR102 bil
The net asset value of the shares being acquired is approximately IDR73 billion.
April 03, 2023
M&A
Singapore Paincare Holdings acquires orthopaedic practice for $3.1 mil
The acquisition was completed on March 14.
March 15, 2023
Broker's Calls
Sats acquisition of WFS provides attractive buying opportunities: CGS-CIMB
CGS-CIMB has maintained their “add” rating for Sats with a lower TP of $3.10 from $3.21 previously.
March 01, 2023
M&A
IHH Healthcare subsidiary Acibadem expands into third largest city in Turkey with acquisition of Kent Health Group
Kent operates the largest private hospital in Izmir as well as two medical centres in the city.
February 02, 2023
M&A
Union Steel to acquire Singapore engineering construction firm for $2.5 mil
The acquisition was seen as an “attractive investment opportunity” for the company to diversify its revenue streams.
November 27, 2022
Corporate moves
Singtel’s Thai associate receives approval updates on moves to acquire Thai broadband entities
AIS says material issues will require "careful reconsideration" of whether the proposal to acquire TTT and JASIF will sustain.
October 19, 2022