Aug 21, 2014

Company News

OCBC Bank yesterday announced a S$3.3b rights issue on the basis of 1-for-8 shares to pay for Hong Kong's Wing Hang Bank.

Lian Beng Group, together with Heeton Holdings and KSH Holdings will, through their respective subsidiaries, co-develop a A$150m (S$173.87m) mixed-use site in Brisbane, Australia.

Sanyo Foods is acquiring a 25% equity stake in Olam International's packaged foods business for US$187.5m.

Singapore's exports continued its slide in Jul for a third successive month, weighed down by contraction in both electronic and non-electronic exports.

Geo Energy Resources has completed its acquisition of a 66% stake in Borneo International Resources for US$55m.

Sinarmas Land said it would acquire a freehold prime commercial building in London for £57.28m (S$119m) through a sale and purchase agreement with GE Real Estate

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