SG Dealbook: Sakae Holdings’ unit acquires stake in BIH; Oxley forms Cyprus JV

Sakae’s corporate advisory unit has acquired a stake in a Hong Kong firm and Oxley has formed a joint venture company in Cyprus.

Sakae unit acquires stake in BIH

Sakae Holdings’ corporate advisory division has acquired a 20 per cent stake in Bio Innovation Holistic (BIH), a Hong Kong-based firm incorporated in 2015 that is engaged in the business of beauty products and equipment trading.

According to a filing, it has a paid-up capital of HK$10,000 ($1,819) comprising 10,000 shares, with Sakae Corporate Advisory purchasing 2000 shares in BIH for HK$1 each from vendor Jang Jee Young.

Prior to the acquisition, BIHs’ shareholders were Jang and Lee Jang Ho, who held 65 per cent and 35 per cent respectively in BIH.

The consideration was arrived at after negotiations on a willing-buyer, willing-seller basis, taking into account that Sakae Corporate Advisory is assisting BIH with business restructuring as part of the acquisition process.

Oxley forms Cyprus JV

Oxley Holdings says wholly-owned subsidiary, Oxley Holdings (Cyprus), and Planetvision Properties (CY) have established a 50:50  joint venture (JV) company, Oxley Planetvision Properties.

The JVC has an initial issued and paid-up capital of EUR10,000 comprising 10,000 shares and was funded by internal resources.

Based in Cyprus, it will undertake property development in the island. Planetvision is a part of the “Kyprosat” conglomerate and specialises in structuring, assessing, promoting and implementing large-scale property projects in the Mediterranean island.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.