ThaiBev's potential spin-off of breweries could increase its valuation as stock nears 12-month high

SINGAPORE (Dec 9): Beer and property do not always mix, but the family business of Thai tycoon Charoen Sirivadhanabhakdi has been busy shuffling its assets in the two industries. Besides the proposed merger of its two Singapore real estate investment trusts, its other operating company, Thai Beverage (ThaiBev), is reportedly planning a listing of its brewery business on the Singapore Exchange and seeking a valuation of US$10 billion ($10.6 billion).


TPG Telecom needs Singapore approval before mobile unit spinoff

SINGAPORE (Aug 30): TPG Telecom must obtain regulatory approval before splitting its Singapore mobile business from the rest of the company, the Info-communications Media Development Authority of Singapore said.

Serial System spin-off seen as positive

SINGAPORE (May 22): NRA Capital has an “overweight” call on Serial System with a fair value estimate of 24 cents ahead of the proposed spin-off of the group’s Hong Kong and China electronic components distribution business to list on the Hong Kong Stock Exchange (HKSE).

The fair value implies an upside of nearly 45% from Serial System’s current trading price of 16.6 cents.

Spackman to list subsidiaries Novus Mediacorp and Frame Pictures on Catalist board

SINGAPORE (May 7): Spackman Entertainment Group announced that its board has approved the spin-off of its 51%-owned subsidiary, Novus Mediacorp and its wholly-owned subsidiary, Frame Pictures, and for the combined entity to seek listing on the Catalist Board of the Singapore Exchange (SGX).

The group has appointed RHT Capital as the financial adviser in relation to the proposed spin-off and the issue manager and full sponsor in relation to the proposed listing.

Cityneon makes third IP acquisition with rights to Jurassic World: The Exhibition

SINGAPORE (Aug 30): Event and exhibition services provider Cityneon Holdings is making its third intellectual property (IP) acquisition by purchasing a 100% stake in JP Exhibitions from its owners for US$25 million ($34 million).

This will grant the company IP rights to Jurassic World: The Exhibition – a licensed spin-off from the blockbuster movie, Jurassic World – in partnership with Universal Studios Licensing.

Could Yoma be on the cusp of re-rating with potential spinoff?

SINGAPORE (Aug 21): OCBC Investment Research is maintaining its “hold” call on Yoma Strategic Holdings with an unchanged fair value estimate of 58 cents, following news of a slight adjustment to Yoma’s shareholdings in SHC Capital Asia post its proposed reverse takeover (RTO) deal.

To recap, the Myanmar-focused conglomerate is looking to spin off its tourism-related businesses through a RTO of SHC, which was announced in Oct 2016.

USP mulls spin-off and listing of Supratechnic on GEM in HK

SINGAPORE (May 30): Oil blending firm USP Group is in preliminary discussions to explore the spin-off listing of its wholly-owned subsidiary Supratechnic on the Growth Enterprise Market (GEM), an alternative stock market set up and operated by the Hong Kong Stock Exchange (HKSE).

Supratechnic is a regional distribution and trading company in marine products, with subsidiaries in Singapore, Malaysia and Indonesia. It represents brands like Raymarine, AB and Sillinger.

Aspial Corp lodges preliminary offer document for spinoff, Catalist listing of overseas property business

SINGAPORE (May 17): Aspial Corporation on Tuesday announced that Aspial subsidiary World Class Global has lodged a preliminary offer document with Singapore Exchange (SGX) for the spin-off and listing of Aspial subsidiary World Class Global on the SGX Catalist board.

The announcement comes more than two years after Aspial in January 2015 first proposed to spin-off its property business in Australia and Malaysia.

This stock is orbiting into new horizons

SINGAPORE (April 21): Addvalue Technologies (AVT) is perfecting a system that could enable satellites orbiting the earth to communicate with one another, and be used more efficiently.

Besides boosting the profitability of the still loss-making group, the new system might also be spun off as a separately listed company at a valuation that is more than one-third of AVT’s current market capitalisation.

mm2 Asia's UnUsUaL group to make preliminary offer for spin-off and listing after March 20 EGM

SINGAPORE (March 8): mm2 Asia announced that its subsidiary UnUsUaL Group intends to lodge its preliminary offer document with the Singapore Exchange following the extraordinary general meeting (EGM).

To recap, the entertainment production company last Thursday issued notice of the EGM that is to be held on 9.30 am on March 20 to vote on its proposed spin-off and subsequent listing.

Upon shareholder consent at the EGM, mm2 will also seek approval to reduce its effective interest in the shareholding of the subsidiary by 20% or more, as a result of the listing.  

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