Markets & Investing
APAC tech M&A values poised for growth, recent Singapore deals suggest
APAC tech M&A values poised for growth, recent Singapore deals suggest
Singapore tech deals from Q1 to Q3 were valued at $3.0b, despite a 13% volume decrease.
Singapore leads APAC data center investments as AI drives demand
APAC data center investment volumes reached $3.7b in YTD Q3 2024.
Hanwha's offer for Dyna-mac shares declared unconditional as to acceptances
The closing date for the offer has been extended to 20 November.
Second Chance CEO exercises right of compulsory acquisition
Second Chance will become a wholly-owned subsidiary of Final Chance.
Elite UK REIT's distributable income rises 2.8% YoY. to £14m in 9M
Distribution per unit rose in tandem with distributable income.
CLI lands $261m from Mitsui O.S.K. Lines for SEA and India private funds
The SEA and India funds received $130m and $131m, respectively.
Divestments weigh on Cromwell European REIT's 9M NPI, down 0.8% YoY
The REIT's NPI for the period was €100.0m ($143.5m).
AIMS APAC REIT posts 5.1% NPI growth to $67.6m with strong rentals
The REIT's rental reversion rate in H1 was 16.9%.
CICT's 9M NPI climbs 5.4% YoY to $872.1m on rental income growth
Lower operating expenses also helped boost NPI.
Netlink NBN’s H1 profit dips 8.3% YoY to $48.5m on revenue decline
Revenue slipped by 0.2% YoY to $204.8m.
CCCS seeks public feedback on Hedychium’s proposed acquisition of PropertyGuru
Feedback submission will close on 18 November.
Singapore leads APAC in life sciences investments
Amongst notable deals in 9M24 is the US$206m acquisition of Ho Bee Land’s Elementum.
Koh Wee Lih leaves Keppel REIT Management to assume new role at Keppel
He will serve as Keppel's managing director for business development.
SMI Vantage cancels expansion plans amidst delisting
The company has a net current liability of US$937k.
Yongmao Holdings expects low net profit for H1 2025
This is due to higher freight charges from higher rates.
First REIT's net property income drops 6.0% YoY in 9M 2024
The REIT attributed the decline to the yen and rupiah's depreciation against SGD.
CICT completes acquisition of 50% stake in ION Orchard
It acquired the shares from CapitaLand Investment Limited.
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