ACQUISITIONS

Independent hotels are disappearing as big chains grow

NEW YORK (NYTIMES) - This should be the heyday of independent hotels, which by their very nature offer the distinctive experiences sought by many travelers.

Competition watchdog clears BreadTalk's proposed acquisition of Food Junction

SINGAPORE - BreadTalk Group's proposed acquisition of Food Junction Management will not result in the lessening of competition within the foodcourt market in Singapore, the Competition and...

GIC, Temasek help drive sovereign funds' M&A deals to $34b in Q3

LONDON • Sovereign wealth funds increased their merger and acquisition (M&A) activity to US$24.6 billion (S$34 billion) in the third quarter, propelled by deals involving Singapore's GIC and...

Accrelist to buy Wheelock medical aesthetics clinic for $17m

SINGAPORE - Catalist-listed corporate accretion services provider Accrelist is looking to buy The Wellness Clinic at Wheelock Place for an indicative consideration of $17 million.

BreadTalk to buy food-court operator Food Junction for $80m

SINGAPORE - Food and beverage (F&B) player BreadTalk Group is looking to buy the entire stake in Food Junction Management (FJM), which operates food courts and F&B outlets in Singapore and...

Aier Eye to make pre-conditional offer for ISEC Healthcare shares

CATALIST-LISTED ISEC Healthcare said on Monday evening that Aier Eye International has agreed to buy about 186.3 million ISEC Healthcare shares at S$0.36 each in a sale and purchase agreement...

ST Group Food acquires master franchise for NeNe Chicken in New Zealand

SINGAPORE - Newly-listed food and beverage (F&B) franchisee ST Group Food Industries Holdings has secured exclusive rights to the NeNe Chicken brand in New Zealand, it said in a bourse filing...

Asian Healthcare Specialists eyes 51% stake in Cornerstone Asia Health

SINGAPORE - Catalist-listed Asian Healthcare Specialists (AHS) on Friday (July 5) said it has entered into a term sheet to acquire 51 per cent of Cornerstone Asia Health, a provider of healthcare...

Singapore-based start-up Trax acquires US retail rewards app Shopkick

SINGAPORE (BLOOMBERG) - Singapore-based start-up Trax is acquiring US rewards app Shopkick, adding a customer-tracking service to its growing stable of retail technology.

Grab said to have held talks to buy payments start-up 2C2P

Singapore ride-hailing giant Grab held talks to acquire payments provider 2C2P and was turned down, according to sources, a sign of the ambitions South-east Asia's most valuable start-up has in...

Deals platform Fave acquires two food-ordering apps in Singapore and Malaysia

SINGAPORE - As part of its ambition to be a super-app in South-east Asia, mobile payment and deals platform Fave has acquired two food-ordering startups in Singapore and Malaysia.