Hong Kong's Shandong Weigao Group on Friday announced that it will sell its entire 21.7% stake in Biosensors International Group for USD312.3 million. The stake will be sold to CB Medical Holdings.
India's corporate real estate developer RMZ Corp is set to acquire the Four Seasons hotel project in Bangalore in a deal that is valued at USD100 million.
Singapore-based firm CapitaLand, the biggest developer in Southeast Asia, announced the sale of its 59% stake in Sydney-based Australand Property Group at AUD3.865 to AUD3.750 per share.
Singapore's CapitaMalls Asia Ltd. said it would buy a shopping mall located in Guangzhou, China for USD361 million. CapitaMalls Asia would purchase the said property from Chinese Greenland Real Estate.
The skyrocketing prices of properties in Singapore led to a corresponding property boom in Malaysia where overseas buyers are targeting to buy homes, according to a Bloomberg report.
Singapore's Ascendas Pte Ltd. on Tuesday said it would raise SGD600 million (USD481.6 million) to invest in real estate in India. Singapore's sovereign wealth fund, GIC Pte Ltd. would be a principal investor in Ascenda's fund.
Singapore-based fund manager Duxton Asset Management purchased a 50% in seven cattle and sheep farms in Otago, New Zealand, and is looking for further investments in the country.
Singaporean investment firm Temasek divested its holdings in US-listed companies Facebook, Monsanto and Air Products & Chemicals. The private equity firm, however, remains focused on energy, healthcare and technology stocks in the US.
Finland-based mobile social messaging startup Jongla recently raised EUR1.4 million in a funding round from Oy Ingman Finance to be used for the development of its youth-oriented messaging app.
Singapore-based Bitcoin exchange startup itBit secured USD3.25 million in a new funding round to be used for the launching of its Bitcoin exchange currency and the expansion of its operations worldwide.
John Malhotra, the former independent energy advisor, is now the reported head for Macquarie's Asian oil and gas advisory businesses.
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
The five year USD300 million Singaporean backed note is now bring priced at the higher range indicating high demand.
A group of investors obtain class action approval against Morgan Stanley for the controversial Pinnacle notes.
Chinese tycoon Tong Jinquan would be purchasing SGD 200 million shares in Viva Industrial's SGD 375 million Singapore IPO.
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