SG Dealbook: Creative Elite makes offer for Jacks International; Tritech secures China contract


Singapore firms are exploring deals that deepen their footprint, with Jacks International possibly being acquired by Creative Elite. Meanwhile, Tritech has secured a major contract to build and operate a wastewater plant in China. Creative Elite makes cash offer for ownership of Jacks International Creative Elite Holdings has made a… Read more »

Singapore oil rig builder Keppel may face Brazil corruption probe

Singapore oil rig builder Keppel Corporation Ltd said it may face an investigation into deals with Brazilian state-run oil company Petrobras and rig builder Sete Brasil.  A Brazilian parliamentary commission of inquiry backed further investigations into 10 companies it identified as involved in transactions with Petrobras and Sete, including the… Read more »

National Australia Bank mulls trade sale of CIT stake: Report

National Australia Bank (NAB), the largest shareholder of industrial landlord Cambridge Industrial Trust’s (CITs) manager, is considering the sale of its 56 per cent equity stake in the firm. According to a report from The Business Times, NAB’s group vehicle NabInvest Capital Partners, has received “non-binding expressions of interest” for… Read more »

SG Dealbook: KSH unit forms JV for Vietnam housing project; Koh-Samsung JV bags Changi Airport contract

In a couple of business developments related to Infrastructure and housing, Koh Brothers-Samsung JV have bagged the Changi airport extension contract while KSH Holdings’ Vietnam unit will develop a major housing project in Ho Chi Minh City. KSH Holdings Vietnam unit forms JV for housing project KSH Holdings says that its… Read more »

I don’t want unicorns in Asia but viable businesses that can grow: Joseph Ziegler, Telstra Muru-D

As the entrepreneur-in-residence (EIR) at Telstra-backed accelerator Muru-D, one of a breed of emerging corporate incubators & accelerators (CIAs) in Singapore, Joseph Ziegler possesses rare insights into the functioning of entrepreneurial ventures dealing with technology. Originally from Texas, Ziegler has a professional background spanning the corporate sector and startup venture… Read more »

SG Dealbook: SATS offers to acquire 49% stake in airline catering firm;IEV explores LNG sales in Tamil Nadu

SATS is offering to purchase a 49 per cent stake in a Malaysian Airlines catering firm, while Singapore-listed KSH Holdings has seen its Vietnam unit form a joint venture firm sa part of a development project in Ho Chi Minh City. SATS offers to buy 49% interest in Brahim’s Airline… Read more »

SG Realty Dealbook: First REIT conducts asset swap with PT Saputra Karya; Eastern Holdings to pay costs for failed property disposal

Singapore-based firms are active in exploring and conducting deals in the property market. First REIT is performing an asset swap with Indonesian assets, while Eastern Holdings has been ordered by the Singapore Court to pay pre-judgement charges for a failed property disposal. First REIT to conduct asset swap with PT Saputra… Read more »

Singapore’s Honestbee raises $15m in Series A led by VC firm Formation 8

Singapore-based Honestbee, an on-demand grocery concierge and delivery service company, has successfully raised a Series A round of $15 million, led by VC firm Formation 8. Some of the other investors in the Series A of the concierge grocery delivery service that conducts same-day delivery for customers are Pejman Mar Ventures;… Read more »

Singapore: UOB sells Brunei retail banking business to Baiduri Bank for $46.6m

The Brunei unit of United Overseas Bank (UOB) has offloaded its retail banking business to Baiduri Bank Berhad for BND65 million ($46.6 million). With the approval of a court declaration, banking and credit facilities made to customers of UOB Brunei and the current, saving and fixed deposit accounts maintained by the clients… Read more »

SG Dealbook: Rex ends pact with MEO Australia; TMC Life eyes strategic alliance with Thomson Medical

Rex International has terminated a West Australian offshore license as it seeks to consolidate existing assets. On the other hand, Thomson Medical Centre and TMC Life Sciences are exploring a strategic partnership. Rex International terminates Aussie license Singapore-based oil and gas exploration technology provider Rex International, announced that its wholly owned subsidiary,… Read more »