Singapore Dealbook: Orchid Capital raises $135m from IOC divestment; Sinarmas Land acquires London property for $402m; Cycle & Carriage raises $1b

Transacting a deal. Credit: Flickr/Henrik Sandklef

Singapore firms have engaged in a series of transactions across multiple sectors. Orchid Capital has raised $135 million from the sale of its shares in InterOil Corporation (IOC), Sinarmas Land has increased its exposure in the London property market, while Cycle & Carriage has raised S$1 billion in funds from its rights issuance.

Orchid Capital raises $135m from sale of InterOil shares

Orchid Capital Investments (OCI), an indirect subsidiary of Chandler Corporation via its parent firm Chandler Holdings Limited (CHL), a Singapore-based investment major, has divested three million common shares in the capital of InterOil Corporation (IOC)

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