SG Dealbook: BreadTalk in JV with Japan’s Shinmei; Noble Group acquisition

Supertrees at Gardens by the Bay in Singapore.

BreadTalk has formed a joint venture (JV) with Shinmei Co. while Noble Group has acquired a stake in an ASX-listed Symbol Mining.

BreadTalk launches JV with Shinmei Co.

BreadTalk Group has incorporated a joint venture (JV) with a century-old Japanese firm to oversee the supply of ingredients to support its F&B operations globally. BreadTalk’s wholly-owned subsidiary Together Inc has entered into a JV agreement with the Shinmei Co. to incorporate BTG-Shinmei Venture.

BTG-Shinmei will be 66:34 owned by Together Inc and Shinmei respectively. In a statement, Breadtalk commented: “BTG-Shinmei will oversee the sourcing, procurement and supply of key raw materials and ingredients.”

The JV also marks Shinmei’s first foray into the Singapore market.

Noble Group acquires stake in ASX-listed Symbol Mining

Noble Group, through its wholly-owned subsidiary Noble Resources International (NRI), has acquired an 18.82 per cent stake or about 81.25 million shares in ASX-listed mineral exploration company Symbol Mining for A$375,000 (S$387,100).

NRI has been providing debt funding to a subsidiary of Symbol for development of its exploration licences and providing support for potential sales and marketing strategy since 2015.

NRI has also subscribed for about 9.375 million additional shares in Symbol through a public offering undertaken by Symbol in connection with its listing on ASX.

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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.