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Fraser and Neave subsidiary sells entire 29.5% stake in China Dairy Group
Fraser and Neave subsidiary sells entire 29.5% stake in China Dairy Group
The shareholding interest will be acquired by Oasis Ventures Limited for approximately S$38m.
SingPost second quarter profit down 22.5% to S$30.6mn
The group recorded higher revenues but lower profits from higher operating costs and investments in growth.
A*STAR scientists pioneer identification of stem cell key to lung regeneration
Scientists and clinicians made research breakthrough that paves the way for novel therapies for respiratory diseases.
Ascott opens third Citadines serviced residence in Xi’an
The new 138-unit Citadines Xingqing Palace Xi’an is part of Ascott’s plan to expand its China portfolio to 12,000 units by 2015.
Tender for Kaki Bukit Road 4 awarded to NSS Properties
The company bid almost $66 million for the industrial site.
SIA to fly between Singapore and Beijing four times daily
Singapore Airlines' new service will be available from 16 December 2011.
CapitaLand sells 100% interest in Thomson Plaza (Private) Limited
The shares were sold to NTUC Fairprice Co-operative Limited for a little over S$100,000.
Ascott to manage its first serviced residence in Malaysia
The new 204-unit Somerset Puteri Harbour Iskandar is scheduled to open in the Nusajaya flagship economic zone in 2013.
Flora Drive site awarded to Realty Consortium
The 29,949 sqm residential site got $163m as the top bid.
Singapore Airlines Cargo Frankfurt services to kick off
The freighter services to add cargo capacity available on the carrier’s twice-daily passenger flights between Singapore and Frankfurt.
SGX lists IEV Holdings to Catalist
The exchange welcomes a leading mobile natural gas provider offering engineering solutions to the offshore oil and gas industry in Asia Pacific.
CDL Hospitality Trusts’ net income up 12.7% to $34m
And its gross revenue also rose 15.2% to $36.4 million in 3Q 2011.
CapitaMalls Asia to co-develop biggest shopping mall in Suzhou, China
The seven-storey shopping mall, with a total gross floor area of about 250,000 sq m, will cater to upper middle and high-income shoppers.
Yongnam clinches three contracts worth S$30.4m
It inked two contracts for the MRT Downtown Line 3 and a contract for the Victoria Theatre and Victoria Concert Hall.
PEC bags S$70mn projects
The Group’s latest wins strengthen its position in the process industry.
Singapore and Jiangsu ink 17 company deals worth S$3.3bn
The Chinese province continues to offer exciting opportunities for Singapore investors.
Stratech Systems cuts JV with Aeronautics on fears of global recession
The JV company has not even survived 2 years in the business.
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