By Shiwen Yap
Hospitality is the mainstay of the latest tranche of realty transactions. Mandarin Oriental International has acquired a Boston hotel it was managing, while AccorHotels has entered into an agreement with GuocoLand to manage some of its properties. Mandarin Oriental acquires Boston hotel in $140m deal Mandarin Oriental International, a subsidiary… Read more »
The Singapore Exchange (SGX) is moving forward in requiring Singapore-listed firms to report their economic, environmental and social impact. As part of this exercise, the bourse is seeking public commentary on the proposed rules and guidelines that publicly-listed firms will have to follow in publishing these reports. The exchange’s announcement… Read more »
Private equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore’s Ascendas Hospitality Trust, people familiar with the matter said on Thursday. The potential offers are being considered as bankers say falling market valuations and higher interest rate expectations are set to stoke prospects for… Read more »
Singapore: Xfers raises $2.5m seed funds from Eduardo Saverin, Golden Gate Ventures, 500 Startups, others
Singpaore-based Xfers, which was incepted in 2014 as a venture targeting the simplification of bank transfers and accelerated by Y Combinator, has raised a $2.5 million seed round from Facebook co-founder Eduardo Saverin, Lazena Investment, Golden Gate Ventures, 500 Startups, GMO Venture Partners, Partech Ventures, BWB Ventures, and Convergence Ventures…. Read more »
L Catterton will have more than 120 investment and operating professionals in 17 offices across five continents, and expects to grow its AUM to more than $12b
Singapore’s Advanced Integrated Manufacturing is acquiring a minimart business in Hougang while Nam Cheong is seeking approval from its bondholders to amend the terms of bonds. AIMC to acquire Hougang minimart business Advanced Integrated Manufacturing Corp. (AIMC) has announced that its wholly-owned subsidiary, Hao Mart, will be acquiring a minimart business for a… Read more »
The deal will see both EDBI and STT join Greenwave Systems’ board. The deal also seen Greenwave securing a mezzanine facility of $15 million from Business Development Corporation of America.
In July 2015, at the beginning of Q3 2015, Manulife has suspended its S$569 million ($426 million) Singapore Reit IPO on its scheduled pricing day, following global volatility that prevented lead arrangers and bookrunners from covering the order book, which possessed 767.3 million units.
In Singapore real estate, Keppel has been seen to consolidate its ownership of Harbourfront assets, while LMIR Trust has obtained a $70.2 million loan facility, as part of a refinancing by BNP Paribas and Standard Chartered banks. Keppel to consolidate ownership of Harbourfront One Keppel Corporation and Keppel Land are acquiring the… Read more »
Singapore-based financial services firm Silver Bullion Pte. Ltd. has seen its bullion-secured peer-to-peer (P2P) lending programme, launched in August 2015, disburse over S$5 million ($3.51 million) worth of loans, or more than S$1 million ($702,000) a month since its launch. The firm was founded in 2009 by CEO Gregor Gregersen, Vergel Villasoto, a… Read more »