transactions

Update

iX Biopharma disposes of Australian lab testing business for $12 mil after 2Q losses

SINGAPORE (Feb 18): iX Biopharma is selling Chemical Analysis, its laboratory testing business in Australia, to Eurofins Australia New Zealand Holding for A$12.5 million ($12 million).  

M&A

Singapore M&A deals to cool as global trade concerns continue into 2019: Baker McKenzie

SINGAPORE (Dec 17): Following a strong year of merger and acquisition (M&A) activity – largely thanks to Nesta Investment Holdings’ US$11.6 billion buyout of Global Logistic Properties (GLP) –

M&A

Financial M&A deals in Asia Pacific to hit $161 bil in 2018: Baker McKenzie

SINGAPORE (Mar 26): Baker McKenzie is forecasting for Asia Pacific’s financial merger and acquisition (M&A) deals to hit US$122.7 billion ($160.9 billion) this year, coming in only after Europe

Property

Mandarin Oriental continues to review options for The Excelsior despite setback

SINGAPORE (Sept 27): Mandarin Oriental International is continuing its review of its long-term strategic options with the potential sale of its hotel property in Hong Kong, The Excelsior, and its p

Singapore still prefers cash over digital payments

SINGAPORE (Sept 5): In tech-savvy Singapore, where almost everyone has a smartphone, nine out of 10 people still prefer to pay for everyday transactions the old-fashioned way – with cash. 

Fintech

Digital payments make for better money management: PayPal

SINGAPORE (Aug 29): New research conducted by online payments company PayPal has revealed that while cash remains king for transactions in Singapore, going digital may be the way to get locals to p

Vibrant announces termination of proposed sale of Changi South property to Sabana REIT

SINGAPORE (May 9): The proposed sale and leaseback of a four-storey light industrial building at 47 Changi South Ave 2, which Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Saba

Property

CapitaLand Commercial Trust to divest One George Street into 50%-held JV partnership for $84.6 mil

SINGAPORE (May 2): The trustee manager of CapitaLand Commercial Trust (CCT) has entered into an agreement to divest One George Street into a concurrently-formed limited liability partnership – One

Construction firms prove the poorest paymasters in 1Q17

SINGAPORE (April 4): Singapore’s firms turned in a mixed payment performance for the first quarter of 2017, with improvements seen in manufacturing and retail sectors while the construction industr

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