KTL Global acquires 20% stake in Korea’s Dae Kwang for $5m

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Singapore-based SGX-listed ropes and rigging specialist KTL Global Limited said it plans to buy 20 per cent stake in Korean rigging specialist, Dae Kwang Co Ltd for $5 million, to accelerate its push into the Korean offshore and marine industry. Dae Kwang, which manufactures and supplies ropes, lifting and rigging… Read more »

PE firm L Capital Asia rebrands Singapore’s Ku De Ta to Ce La Vi

Private equity firm L Capital Asia is rebranding Ku De Ta, Singapore’s iconic bar perched atop the SkyPark of Marina Bay Sands. The extreme makeover for the nightlife spot will involve more than just a name change to Ce La Vi, and it will also lead to a ‘significant’ renovation,… Read more »


Tembusu injects ‘seven figure’ sum in energy services startup BBP

Singapore-based private equity firm Tembusu Partners said it has invested a ‘seven figure’ amount in local energy services startup Barghest Building Performance (BBP). Tembusu Partners, which manages close to S$300 million, will be making this investment from its Tembusu Growth GIP Fund III, which has a target size of S$150… Read more »


Yuuzoo forms gaming JV with China’s XG AMA

YuuZoo Corporation has established a new joint venture firm in China with XG AMA. The joint venture – YuuGames – will function within YuuZoo’s virtual shopping mall, and will be fully localised and mobile-optimised for the mainland Chinese market. Advertising itself as having over 42 million registered users across 164 countries, Singapore-based Yuuzoo builds mobile-optimised social e-commerce networks for… Read more »


Navis Capital to buy Singapore’s Super Peking Duck restaurant chain

Malaysian private equity firm Navis Capital Partners Ltd has reached a deal to buy Singapore’s Imperial Treasure Restaurant Group Pte that runs the ‘Super Peking Duck’ restaurants eateries, and the deal size is estimated to be between S$60 million to S$80 million. The development comes within a week of Navis failing… Read more »


Viva Industrial Trust to raise up to S$65m through private placement

Singapore-listed VIVA Industrial Trust Thursday announced it was issuing new stapled securities to raise up to S$65 million, and added that it would use the proceeds to enhance Technopark@Chai Chee (TPCC). The private placement will remain open until 5 June 2015. Viva will first issue 50.96 million new stapled securities… Read more »


Singaporean tycoon Peter Lim buys 20% in TheEdgeProperty.com

Singaporean billionaire investor Peter Lim has taken a 20 per cent equity interest in the recently launched property portal by Malaysia’s Edge Media Group, for an undisclosed amount. This represents Peter Lim’s first foray into the technology sector. Peter Lim, who was ranked eight, among Singapore’s 50 richest people by… Read more »


Sembcorp in ‘preliminary’ talks with 1MDB to acquire Edra Global Energy

Sembcorp Industries is in ‘preliminary’ talks with Malaysia’s debt-laden state investment firm 1Malaysia Development Bhd (1MDB) for acquiring the latter’s wholly-owned subsidiary Edra Global Energy, a report said.  The Edge Financial Daily cited a company source as stating that talks between Sembcorp and 1MBD were at a very preliminary stage. It is not known whether it… Read more »


SG Dealbook: United Orient Capital invests $10m in Vallianz; Otto Marine redeems preference shares for S$12m

Several Singapore firms operating in the sectors related to marine oil and gas (O&G) industry, have had capital related deals recently. Offshore vessel support provider Vallianz raised $10m from a PE fund while Otto Marine redeemed preference shares held by another PE United Orient Capital invests $10 million in Vallianz  Vallianz Holdings Limited,… Read more »


Google releases radar-based sensor

Google has released a radar-based interaction sensor under the label of Project Soli that uses radar to translate subtle hand movements into gesture controls for electronic devices. This has implications for user controls and designing the user experience of consumer products.  Project Soli was one of the several developments revealed by Google’s Advanced Technology and Progress (ATAP) group… Read more »