sale

Najib's associate charged over French submarine deal linked to murder of Mongolian translator
PARIS (Aug 2): A close associate of Malaysian Prime Minister Najib Razak has been charged in France over alleged kickbacks in the 2002 sale of submarines to his country, a judicial source told AFP on Tuesday. Abdul Razak Baginda (AFP file photo) advised Najib when the now-prime minister was defence minister between 2000 and 2008. Najib oversaw the deal worth nearly one billion euros ...
Noble preps for a sale. Or at least its bonds do: Bloomberg Gadfly
SINGAPORE (March 7): If you believe the bond documents, Noble Group really is for sale. The Singapore-listed commodities trader raised US$750 million ($1 billion) selling dollar notes Monday that mature in five years. A clause provides for immediate repayment if the company is acquired. But that would only be triggered if Noble were rated investment grade at the time. "If the notes are ...
Fan Bing Bing’s manager buys stake in mm2 Asia
SINGAPORE (Jan 19): Timothy Mou, the manager of Chinese actress Fan Bing Bing, has acquired 10 million shares in mm2 Asia at 48.5 cents each, through a sale of vendor shares by mm2 Asia’s CEO and executive chairman Melvin Ang. Mou is the co-founder of Fan Bingbing Studio, the CEO of Wuxi Ai-mei-shen Film & TV Cultural, and the CEO of a joint venture between Wuxi Ai-mei-shen and Zhejiang ...
GLP confirms in prelim discussions for possible sale of company
SINGAPORE (Jan 5): Global Logistic Properties has confirmed that it is in preliminary discussions with various parties regarding the possible sale of the company. (See also: GLP said to seek bids for $11.3 bil company) In response to news reports from Wall Street Journal and Bloomberg and a trading query from the Singapore Exchange on Thursday, GLP explained that the sale of the company was ...
GLP said to seek bids for $11.3 bil company
SINGAPORE (Jan 5): Global Logistic Properties has begun formally reaching out to potential bidders for the US$7.9 billion ($11.3 billion) industrial property owner, people with knowledge of the matter said. The Singapore-based company sent out an information letter to targeted bidders at the end of last month and has asked for first-round offers by early February, according to the people. GLP ...
Temasek’s Mediacorp said to weigh sale of 1-Net data centre unit
SINGAPORE (Nov 22): Mediacorp, the broadcaster owned by Singapore state investment firm Temasek Holdings, is considering a sale of its data centre unit 1-Net, people with knowledge of the matter said. The company is inviting suitors to submit non-binding bids for the business, which could fetch about US$200 million ($285 million), according to the people. A sale could take place next year, one ...
UOB fancies UE as takeover rumours swirl
SINGAPORE (Nov 4): UOB Kay Hian is maintaining its “buy” call on United Engineers with a higher target price of $3.06 as the property group gears up for a possible sale. In a Monday report, analyst Edison Chen notes that 3Q16 results were within expectations, with net gearing falling to 27.8% after disposals of MFlex and its environmental engineering business. For UE’s continuing ...
United Engineers sale a boon for investors
SINGAPORE (Oct 27): UOB Kay Hian has initiated coverage on United Engineers (UE) , rating it a “buy” call with a target price of $2.96, citing the sale of the OCBC and Great Eastern stake a matter of when and not if. (See also: OCBC and Great Eastern confirm reviewing options with United Engineers stake) In a Thursday note, analyst Edison Chen notes that UE has been willingly put up for ...
Heeton disposes [email protected] to private investors
SINGAPORE (Oct 2): Boutique developer Heeton Holdings has sold [email protected], its property development at 74 Grange Road, to a group of Singaporean private investors. This was done through the sale of a 100% stake in Heeton Residence which is the sole shareholder of Heeton Realty which owns the property. In its Friday evening filing, Heeton said the sale was made as the residential property ...
OCBC and Great Eastern confirm reviewing options with United Engineers stake
SINGAPORE (Sept 26): Oversea-Chinese Baking Corp (OCBC) and insurance arm Great Eastern Holdings confirmed they are reviewing strategic options with respect to their combined stakes in United Engineers. This announcement follows an earlier Bloomberg news report that OCBC and Great Eastern were in talks to sell their stake in the property and construction company. (See also: OCBC said to ...