Boustead Singapore has proposed to acquire an energy asset in Indonesia. Together with One North Energy Private and Lamara Energy, it has entered into an agreement with ASX-listed Triangle Energy (Global) to acquire the latter's 100 per cent stake in the Pase Production Sharing Contract (PSC) in Aceh, Sumatra, for US$3.9 million (S$5.55 million).
Business space solutions provider Ascendas Group said on Monday (Nov 9) that it had signed a joint venture agreement with China's state-owned industrial and trading enterprise, China Machinery Engineering Corporation (CMEC), to partner in industrial and business park investments and developments across Asia.
Shares of Jumbo Group, the Singapore-based operator of chili-crab restaurants, surged in its trading debut on Monday (Nov 9) after selling shares in the country's biggest initial public offering this year to investors including a Temasek Holdings unit and Osim International chairman Ron Sim.
Mainboard-listed Frasers Centrepoint Ltd (FCL) said its board has approved a potential strategic investment in Golden Land Property Development Public Company Ltd (Gold), which is listed on the Stock Exchange of Thailand.
Shares of Neptune Orient Lines (NOL) jumped to the highest level in more than five months in Singapore trading on Monday (Nov 6) after the company became a takeover target by two of the world's largest boxship operators. Shares of Neptune Orient rose as much as 8.1 per cent to S$1.13, the highest intraday price since May 13.
The Ascott Ltd's serviced residence global fund with 50:50 partner Qatar Investment Authority (QIA) has acquired two prime properties in Paris and Tokyo for US$104 million ( S$145 million). Ascott is the wholly-owned subsidiary of mainboard-listed Singapore property heavyweight CapitaLand.