proposed disposal

Company in the news

OneApex subsidiary proposes disposal of entire stake in Tuas South Dormitory for $5.2 mil

The proposed disposal will also result in a profit on disposal of approximately $2.1 million.

Company in the news

AcroMeta subsidiary proposes office disposal for $940,000

The group stands to make a profit of $425,000 from the proposed disposal.

Company in the news

AcroMeta proposes disposal of wholly-owned subsidiary Acromec Engineers for $3.3 mil

The consideration for the proposed disposal represents approximately 577% of AcroMeta’s net tangible assets for FY2023.
Q&M disposes stake in Shanghai Chuangyi Investment & Management for RMB500,000 - THE EDGE SINGAPORE

Company in the news

Q&M disposes stake in Shanghai Chuangyi Investment & Management for RMB500,000

As at FY2022 ended Dec 31, 2022, Shanghai Chuangyi’s net asset value (NAV) stood at RMB1.4 million.

M&A

LHN Group expects to make $21 mil upon the disposal of LHN Logistics

LHN Group says the proposed transaction is considered to be beneficial to it and its shareholders for a few reasons.

Telecommunications

Telechoice disposes wholly-owned subsidiary for $30,000

The sale and purchase of the shares in Nexwave are made on the basis that NexWave only has its voice business.

REITs

Mapletree Logistics Trust proposes to divest 3 Changi South Lane for $22 mil

The proposed sale price represents a 39.2% premium to the property’s latest valuation of $15.8 million as at Oct 1.

Company in the news

Mencast Holdings proposes to dispose minority interest in Vac-Tech Engineering for max consideration of $8.8 mil

If the proposed disposal had been affected on Jan 1, 2021, Mencast’s EPS would have been at 1.95 cents instead of 1.46 cents.

Deals, joint ventures & alliances

Union Steel Holdings signs non-binding term sheet to dispose of subsidiary for $3 mil

According to Union Steel, the move will allow the group to focus on its oil and gas engineering business.

SGX query

Mencast Holdings' 50% share price spike triggers SGX query

Shares in Mencast were the second-most heavily traded on the SGX on June 10.
×