spin-off

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. The regulator has a priority to ensure TPG Singapore “will fully meet all its licence and regulatory obligations” after it announced on Thursday the US$8 billion ($11 billion) ...
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. See: ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
No more negative surprises from Sino Grandness
SINGAPORE (Aug 11): Sino Grandness Food Industry Group is worth considering at its current price of 54.5 cents as the stock is still trading at “unchallenging levels” in NRA Capital’s view. To recap, shares of Sino Grandness plunged 30.5% on June 6 to just 42 cents after an online article in China listed 310 food and beverage products that were recently inspected by Hubei authorities. In ...