sale

SingPost to divest loss-making US subsidiaries amid strategic review

SINGAPORE (April 4): Singapore Post Limited (SingPost) has announced its intentions to sell its controlling stakes in US e-commerce businesses, Jagged Peak and Trade Global, as part of its strategi

Property

Vibrant Group to sell and lease back Jurong Island facility in $227.5 mil deal

SINGAPORE (Feb 13): Vibrant Group’s 51%-owned subsidiary, LTH Logistics, has entered into a conditional put and call option agreement to sell its logistics and warehousing facility at Jurong Island

Joint ventures and alliances

SIA Engineering divests 20% stake in Jamco joint venture for $4 mil

SINGAPORE (Jan 30): SIA Engineering Company (SIA EC) has sold its entire 20% stake in Jamco Singapore, to the latter’s majority owner Jamco Corporation for $3.97 million in cash, representing a 43%

Malaysia

Malaysia to put $7.4 bil of homes on the sale rack in March

(Jan 28): Malaysia is planning a sale for $7.4 billion of real estate to bridge the gap between property oversupply and lack of affordable homes, with developers asked to offer at least 10 percent

Restructuring

Hyflux liquidates Indonesian asset for $32 mil in race to restructure debt

SINGAPORE (Nov 20): Hyflux has agreed to sell its 50% stake in PT Oasis Waters International, a manufacturer and distributor of bottled drinking water in Indonesia, for $32 million.

HNA explores sale of newly acquired CWT logistics unit

HONG KONG (Sept 19): China's HNA Group is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a US$1 billion  ($1.4 billion) de

Serial System to divest stake in Australian laundry business for $43 mil

SINGAPORE (Sept 12): Serial System, the distributor of electronic components and consumer products, is divesting its entire 27.34% stake in SPL Holdings (Australia) to Anchorage Bridge Street for U

Broker's Calls

Sale of 55 Market Street opens more doors for Frasers Commercial Trust, says DBS

SINGAPORE (July 11): DBS Vickers Securities is positive on Frasers Commercial Trust’s (FCOT) recent

Property

HLH sells hotel in D'Seaview project for $15.7 mil

SINGAPORE (Mar 26): HLH Group has sold the 10-storey, 98-room hotel component of its D’Seaview mixed-used development project in Sihanoukville, Cambodia, for a total cash consideration $15.7 millio

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