Eaton Vance ceases to be substantial shareholder at Yoma  - THE EDGE SINGAPORE

Myanmar Coup 2021

Eaton Vance ceases to be substantial shareholder at Yoma

The firm sold 13 million shares for $2.42 million, pricing each share at around 18.6 cents, via market transaction on Feb 17.

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


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 for $227.5 million to SGRE Banyan Pte. Ltd.

Deals, joint ventures & 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% premium to net value.


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 discount.


HLH Group scraps $16 mil sale of D'Seaview Hotel on payment issues

SINGAPORE (Dec 12): Hong Lai Huat Group (HLH Group) is terminating its $15.7 million sale of D’Seaview Hotel, a component of the group’s mixed-use development project in Cambodia.


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) deal, several people familiar with the matter told Reut

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 US$31.2 million ($43 million).

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 disposal of its commercial property at 55 Market Street, highlighting the move as one that unlocks value and opportunities for capital recycling.