mergers and acquisitions

EEL entered into deals to secure a 48% stake in HHPL.

The proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS).

It did not mention the details behind calling it off.

In Q1, technology, media and telecom (TMT) was the busiest sector in the Asia Pacific by volume with 622 deals.

It is amongst the top growth markets this year.

It will enhance mergers and acquisition schemes in the country.

Overall mergers and acquisitions reached $127b (US$13.8b) year-on-year.

The merger was effective on 21 July 2022.

Frencken posted a net cash position of $72.8m as of March 2022.

The value of the seven IPOs in Singapore so far is 90% lower than last year's.

The deal is a first in a series of planned acquisitions.

UOB Kay Hian said Cuscaden might make a mandatory offer of $0.964 per share.

The group will acquire Rothery's Coaches in Queensland.

The deal value skyrocketed from $2.86b in 2020.

The sale had a total cost of $2.2b.

The increase represented increased considerations of 2.1% in cash and 5.8% in shares.