Cordlife’s S$1.25B all-share bid for Global Cord Blood Corp. (GCB) is “strongly positive,” marking a “great leap” into the mainland China market, SCCM said.
ESR-REIT said Monday it plans S$45.7 million of asset enhancement initiatives (AEIs) for two existing properties, including plans to build a new facility.
ESR-REIT said Monday it launched an equity fundraising, including a private placement and a preferential offering, to raise up to around S$150 million.
ESR-REIT said Monday it entered a joint venture with Poh Tiong Choon Logistics (PTC) to acquire a property at 48 Pandan Road for S$225 million.
These are Singapore companies which may be in focus on Monday, 17 June 2019: Indofood Agri, SGX, Ascendas India Trust and BreadTalk.
Singapore’s residential property market took a hit last year from fresh cooling measures, but the outlook may have turned toward a Goldilocks scenario.
Hyflux said late Friday it has received another non-binding letter of intent for a potential investment, with preliminary due diligence underway.
Ascendas India Trust said Friday it entered a deal to acquire BlueRidge 3, an IT/ITES special economic zone development located at Hinjewadi, Pune.
These are Singapore companies which announced share buybacks on Friday, 14 June 2019: Olam, Stamford Land and Boustead Singapore.
BreadTalk launched the first Wu Pao Chun Bakery outlet in Singapore, with a Capitol Singapore location, the bun maker said in a filing to SGX Friday.
The S$0.3275 a share takeover bid for Indofood Agri is “not fair but reasonable,” the independent financial adviser for recommending directors has said.
Yanlord Land sold its 100 percent interest in Suzhou Rendao Enterprise Management for 9.25 million yuan in cash, the China property developer said Friday.
These are Singapore companies which may be in focus on Friday, 14 June 2019: Frasers Logistics Trust, CapitaLand, LMIR Trust, ESR and Chip Eng Seng.
Frasers Property and ESR Australia said Friday they acquired a 4.67 hectare site in Melbourne, and secured Nissan Motor Co. Australia as the anchor tenant.
Singtel Optus’ wholly owned subsidiary Optus Finance priced 500 million euro 0-year fixed-rate notes at 1.0 percent, Singtel said Friday.
Frasers Logistics & Industrial Trust said Thursday it entered a deal to divest 50% of a Queensland property to an entity managed by DWS for A$134.2M.
These are Singapore companies which announced share buybacks on Thursday, 13 June 2019: OCBC, Olam, Jardine Strategic and Boustead Singapore.
LMIR Trust said Thursday it priced a US$250M five-year bond offering at 7.25%, in Asia’s first U.S. dollar high-yield bond issued by a REIT.
Malaysia’s banks posted lackluster 1Q19 earnings with more misses than hits, as net interest margins fell and capital markets slowed, Maybank IB said.
RHB tipped Thai Beverage as one of its top picks among Singapore’s listed consumer plays amid an upbeat outlook for Thailand’s beer consumption.
Singapore state-owned investment company GIC said Thursday it tied up with data-center provider Polymer Connected to develop a Jakarta data center campus.
Maybank KimEng upgraded contract manufacturer Hi-P to Hold from Sell, saying the negatives are priced in after the stock’s 22 percent drop since late April.
RHB started Oxley Holdings at Buy with a S$0.41 target price, calling it a “major property sector bargain” and “significantly undervalued.”
Maybank KimEng upgraded Venture to Buy from Hold, saying the around 18 percent drop in its share price since late April has created an entry point.
OCBC downgraded CapitaLand Retail China Trust to Sell, saying the planned acquisition of three malls in China offered “long-term gain, but short-term pain.”