Flux Factory raises $29m in Series B led by Temasek, Surbana Jurong

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US-based architecture design software startup Flux Factory, Inc has raised a $29-million Series B funding co-led by Temasek and Surbana Jurong Private Limited. Other participating investors include Far East Ventures, DFJ, South Park Ventures, Borealis Ventures and Obvious Ventures. Flux Factory, founded in 2010 in the Google X Labs, was… Read more »

Singapore: Macquarie close to acquiring 40% stake in Universal Terminal

A Macquarie fund is likely to close an agreement to acquire more than 40 per cent of Universal Terminal Pte from its existing shareholders, according to a Bloomberg report. Singapore oil trader Hin Leong Trading Ptd holds 65 per cent of Universal Terminal and China’s biggest energy conglomerate PetroChina owns the remainder. Bloomberg, quoted… Read more »


Baring Asia makes S$449.6m offer for CVC & StanChart backed Interplex

“The offer represents an opportunity for Baring to acquire control in a precision engineering company with a strong track record, global manufacturing footprint, and diversified customer base,” it said in a statement


Singapore-listed Israeli group Trendlines seeks to operate agri-foodtech incubator in West Bank

Trendlines Group’s 80 per cent-owned subsidiary, Trendlines Agtech, has submitted a bid to the Office of the Chief Scientist (OCS) of the Israel Ministry of Economy, for a new franchise licence to operate an incubator in the Judea and Samaria region, generally referred to as the West Bank. Trendlines Agtech… Read more »


SG Dealbook: Transcorp buys 88.5% in Regal Motors; KSH in JV to incorporate Prospere Hotels

The latest in deals in the city state has seen Transcorp Holding moves to acquire a controlling stake in automobile importer, Regal Motors, while KSH Holdings’ hospitality unit enters a partnership to incorporate Prospere Hotels. Transcorp to buy 88.5% in Regal Motors Transcorp Holdings Limited has entered into a sale and… Read more »


SG Dealbook: Chasen considers spinoff of China units; Ley Choon relisting on Catalist rejected by SGX

In more market related developments in Singapore, Chasen Holdings is considering a spinoff of its units in China, Singapore Exchange (SGX) has rejected Ley Choon Group Holdings’ application for a proposed transfer of their listing from the SGX Mainboard to the  Catalist secondary board. Chasen considering partial corporate spinoff of China… Read more »


SG Dealbook: Innopac requests Catalist transfer; Linc Energy raises $2.05m from share placement

In Singapore deal space continues to see a slew of activities with Mainboard-linsted Innopac is requesting a transfer to the Catalist board, while Linc Energy has raised new funds from a share placement amidst allegation of ecological abuse. Innopac requests transfer to Catalist Innopac Holdings has made a request to the Singapore… Read more »


Singapore: GS Holdings lodges prelim Catalist IPO offer

GS Holdings Limited, a centralised commercial dishware washing company, has lodged its preliminary offer document for its proposed listing on the Catalist board of the Singapore Exchange (SGX). UOB Kay Hian is the issue manager, sponsor and placement agent for the proposed listing. GS specialises in providing end-to-end cleaning services – particularly… Read more »


Singapore’s CapitaLand sets sights on Vietnam’s office segment

Besides land, CapitalLand is looking to buy completed office buildings and upgrade them, growing its portfolio beyond residential and serviced apartments


CMA CGM builds stake in Singapore’s NOL at discount to takeover price

France’s CMA CGM, the world’s third-largest container shipping firm, which had earlier this month entered into a deal to buy Singapore’s Neptune Orient Lines, has now begun building its stake in the Temasek-controlled company, at a lower price per share, than its takeover price of S$1.30 a share. In a regulatory disclosure… Read more »