Frasers Hospitality acquires four boutique hotels in Britain for £36.1m

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Frasers Hospitality, the hospitality arm of Frasers Centrepoint Limited, Wednesday announced the acquisition of a portfolio of four properties  in the UK for a consideration of GBP36.1 million (US$54.79 million) from Swire Properties Hotels Holdings. The acquisition is being conducted through their UK subsidiary, Malmaison and Hotel du Vin Property Holdings… Read more »

Singapore: Charisma Energy sells 200m new shares to raise S$2.3; acquires 50% in Grenzone for S$2.2m

Electrical and mechanical engineering company Charisma Energy Services has reached a deal to acquire a 50 per cent stake in Grenzone, a Singapore-incorporated private limited company engaged in the design, supply and installation of solar-generated equipment and devices and affordable green housing. A complementary acquisition, Charisma Energy informed the local exchange that Grenzone’s existing business… Read more »


Singapore: Ascendas REIT acquires One @Changi for $299m

Ascendas Real Estate Investment Trust (A-REIT) is acquiring One@Changi City for $420 million ($299.1 million) from seller Ascendas Frasers –  a 50:50 joint venture (JV) between Ascendas Development and a wholly-owned subsidiary of Frasers Centrepoint,the trust said in a filing with the Singapore exchange. One@Changi City is a nine-storey multi-tenanted business park property that is… Read more »


Singapore: Singtel, GrabTaxi in pact to promote use of mobile wallet on ride-hailing app

Singapore telecommunications group Singtel Group has inked a memorandum of understanding (MOU) with GrabTaxi to promote the use of the group’s mobile wallet services on GrabTaxi’s app to mobile customers in the region. Through a group-wide open platform, mobile customers of Thailand’s AIS, Philippines’ Globe and Indonesia’s Telkomsel will be able to book vehicles using… Read more »


SG Dealbook: ST Engineering streamlines US assets; GIC adopts new bond strategy

ST Engineering is streamlining its corporate assets in the US market, while GIC is bypassing investment banks in a new strategy aimed at reducing costs amid a low-yield bond market. ST Engineering streamlines US corporate assets ST Engineering is streamlining its businesses in San Antonio, US, to consolidate its aircraft… Read more »


Singapore: Roxy-Pacific buys Sydney sites, Aroland to build London’s tallest skyscraper

Singaporean property developers are exploring developments in overseas markets with Roxy-Pacific purchasing properties in Sydney close to the Darling Harbour commercial hub. Meanwhile, Aroland plans on erecting the tallest skyscraper in London’s financial centre. Roxy-Pacific purchases residential sites in Sydney Roxy-Pacific Holdings is acquiring two vacant sites located at No…. Read more »


Singapore: mm2 Asia to raise S$5m via placement of new shares; signs MoU with Hesheng Media

Singapore-based filmmaker and production house mm2 Asia mm2 Asia plans to issue a new placement of shares to three investors, in order to raise S$5 million ($3.54 million), the company said. According to a filing with the Singapore exchange (SGX),  it will sell 6.35 million shares at 78.72 cents a share to… Read more »


SG Dealbook: HLH acquires interest in Cambodian land; Select Group launches Cambodian JV

Cambodia is seeing renewed interest from Singapore firms. A frontier market that is relatively untapped, the transactions are largely in the realty sector. The latest deals from Singapore listed firms has seen HLH acquires 30% stake in two Cambodian land plots, and Select Group launching a JV for its foray into that… Read more »


Blockchain startup BitX raises funds from Venturra Capital

Singapore-based BitX today announced an undisclosed amount of additional funding from Venturra Capital, a $150 million Indonesia-based Southeast Asian-focused venture fund. This will see Venturra join existing investors, Naspers Group, Digital Currency Group, Ariadne Capital and angel investor Carol Realini. A global cryptocurrency platform, BitX provides highly secure mobile wallets,… Read more »


Singapore: SGX embarks on structural reforms, rejigs business verticals & sharpens country strategies

The wave of changes comes as the SGX attempts to reform and solidify its position as the leading regional bourse. It’ mainboard has seen only a single IPO for 2015.