Tech in Asia’s 10-city search for startups comes to Singapore on July 30

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Raising money from investors for your startup can be challenging and often a long-drawn out process. Singapore based startups will have an opportunity next month to catch the attention of renowned regional investors from the likes of East Ventures, KK Fund, Golden Gate Ventures, when Tech in Asia’s Road to… Read more »

Singapore leads in Indian FDI inflows

Singapore is the leading foreign investor in India, in April 2015, followed by Mauritius, the United States, the Netherlands and Germany – all of which together accounted for bout 85 per cent of the total inflow to the country, revealed an Economic Times report. According to an evaluation of foreign direct investment (FDI), inflows into… Read more »


Serial System acquires 4.5% stake in satellite communications gearmaker Global Invacom

Singapore-listed Serial System, that is wholly-owned by SCE Enterprise (SCE), announced that it had acquired 12 million shares in satellite communications equipment provider Global Invacom, equivalent to 4.5 per cent stake in the company, for about $2.6 million. SCE has acquired 12 million  treasury shares at S$ 29 cent apiece of… Read more »


Q&M acquires 60% stake in Penang’s Smilebay Dental Clinics

Singapore-listed Q&M Dental Group said it had reached a deal to acquire a 60 per cent stake in Smilebay Dental Clinics, that operates a chain of six dental clinics in Penang, Malaysia, for RM 12.29 million ($4.4 million). This marks the latest in a series of acquisitions by Q&M, one of the largest… Read more »


Singapore M&A Review 2014: Cos spend $24b in acquiring foreign firms

Singapore based companies have been engaged in intense merger and acquisition (M&A) activity throughout 2014, with the highest transaction volumes in the past year observed since the global financial crisis (GFC) of 2007/8, says an ACCA Global report. Singapore investors had spent $39.1 billion overseas and domestically, conducting more deals by October 2014, than in any full year… Read more »


International Healthway Corporation to buy Healthway Medical for S$231m

Singapore-listed International Healthway Corporation said it plans to buy Healthway Medical Corporation Limited (HMC) in an all-shares deal worth S$231 million. HMC has an issued and fully paid capital of S$201.38 million, comprising 2,308,236,183 ordinary shares. The deal will see each HMC shareholder receive one new IHC share for every 4.5… Read more »


Capitaland acquires shopping mall in Japan for S$33.2m

Singapore listed Capitaland Limited said that its wholly owned trust vehicle – CMA Japan Trust – would buyout Vivit Minami Funabashi for a total cash consideration of JPY3.05 billion ($33.2 million). Vivit is a shopping mall located in Funabashi city in Chiba Prefecture, in Greater Tokyo, Japan. Vivit is part… Read more »


India’s Bandhan may get second round of capital from GIC & IFC

Indian microfinance firm Bandhan Financial Services, an Indian non-banking financial corporation (NBFC) may get a second round of venture funding from International Finance Corporation (IFC) and GIC, Singapore’s sovereign wealth fund (SWF). This comes as Bandhan prepares to launch as India’s newest private retail bank. Earlier this year, Bandhan had raised $260 million from IFC,… Read more »


HealthifyMe raises pre-Series A round, shifts to Singapore

Caeruz Ventures, which operates health and fitness app HealthifyMe, has raised a bridging round of unknown size from a syndicate of angel investors and shifted its headquarters to Singapore, in preparation for international expansion. Last month, the company had raised funds from leading Indian handset maker Micromax. The current venture round and the Micromax… Read more »


CVC Capital and Standard Chartertered PE exploring Amtek sale

Singapore-listed Amtek Engineering may see majority shareholders CVC Capital Partners and Standard Chartered Private Equity divest their stakes, as the buyout firms seek to exit the company. Amtek makes parts for companies, amongst them Tesla Motors and Dell. According to a report in Bloomberg, the purchasing firms are working with Rippledot… Read more »