The offer by Temasek’s subsidiary Startree to acquire the shares of SembMarine it doesn’t already own has become unconditional.
Cuscaden Peak said Monday that if its bid to buy SPH is successful, it will trigger a chain offer for SPH REIT at a minimum of S$0.964 a unit.
Cuscaden Peak’s SPH bid may be more attractive to minority shareholders, Arun George, an analyst who publishes on Smartkarma, said Friday.
The rival SPH bids from Cuscaden Peak and Keppel have room to rise, said Travis Lundy, an analyst at Quiddity Advisors, who publishes on Smartkarma.
Singapore companies in focus Fri. 29 Oct. 2021: Keppel, MNACT, Starhill Global REIT, Sheng Siong, ST Telemedia, Ho Bee Land, AEM and Aberdeen Asset Management, CSE Global, Ezion and Tung Lok.
Mapletree Investments, which is wholly owned by Temasek, has formed a consortium to bid against Temasek-tied Keppel for Temasek-linked SPH.
Singapore companies in focus Thurs., 28 Oct. 2021: Mapletree Commercial, Keppel, Perennial, KORE, Temasek, CapitaLand Investment, AusGroup, Creative and ComfortDelGro.
Singapore companies in focus Fri., 22 Oct. 2021: Raffles Education, Sabana REIT, Chip Eng Seng, CLI, AREIT, AEM, Temasek, ALOG and The Hour Glass.
In its 3Q21 update, Nanofilm said it was building up its revenue pipeline, with new product introductions set to contribute from 4Q21.
Singapore companies which may be in focus Wed., 6 Oct. 2021: United Hampshire US REIT, Straits Trading, SPH, Temasek, Vertex Venture, Tosei, Ntegrator, NeraTel, Koyo and Mercurius Capital.
Temasek led Orca Security’s US$550M extended series C round, with the proceeds aimed at the cloud security company’s expansion plans.
Temasek subsidiary Vertex Venture said Tuesday it received around US$74M in distributions and divestment proceeds from its underlying funds.