[ NEW DELHI: Enterprise messaging firm Route Mobile’s public shareholders have tendered shares worth about Rs 2,500 crore at current price for the company’s ongoing open offer, according to a regulatory filing. The open offer has been triggered with Belgium-based Proximus Group, through its subsidiary, initially acquiring a 57.56 per cent stake in enterprise messaging … Read more
[ SINGAPORE: Two Japanese firms are providing and outlay of US$594mil to buy out local traditional Chinese medicine maker Eu Yan Sang. Japanese trading house Mitsui & Co announced on April 4 that a special purpose entity it has set up with Rohto Pharmaceutical will buy around 86% of Eu Yan Sang from Righteous Crane … Read more
[ KUALA LUMPUR: Mah Sing Group Bhd’s wholly owned subsidiary Venice View Development Sdn Bhd has entered into a conditional sale and purchase agreement to acquire 40.4686 hectares (100 acres) for RM103.75 million. Located in Johor, the site is about 400 metres from a June 2023 purchase of 30.63 ha (75.7 acres) known as M … Read more
[ COPENHAGEN: Denmark’s Novo Nordisk on Monday said it has agreed to buy Cardior Pharmaceuticals for up to 1.03 billion euros ($1.11 billion) to strengthen its cardiovascular pipeline. The acquisition is in line with the Danish drugmaker’s aim to expand its focus on diabetes and weight-loss therapies to include cardiovascular disease treatments. “By welcoming Cardior … Read more
[ NEW DELHI: Proptech firm REA India, which owns Housing.com and PropTiger, is not actively looking for acquisition for further growth but the company is open to evaluate “interesting” opportunities that complement the business or help in securing new technologies, its CEO Dhruv Agarwala said. REA India, which is part of Australia-based REA Group, will … Read more
[ KUALA LUMPUR: Mah Sing Group Bhd has moved a step closer in its plan to develop an integrated township in Beranang, Selangor, with an estimated gross development value of RM3.3 billion, following the fulfilment of the conditions precedent of the land sale and purchase agreements (SPAs). In a filing with Bursa Malaysia today, the … Read more
[ KUALA LUMPUR: Sime Darby Bhd has completed its acquisition of UMW Holdings Bhd, achieving full ownership and making UMW a wholly-owned subsidiary. “This milestone is a clear indication of the market’s trust in our strategic direction and the value we are poised to create with UMW in our fold. Our foremost priority now is … Read more
[ PETALING JAYA: SCGM Bhd is proposing to acquire Eramas Global Group Sdn Bhd as part of its overall regularisation plan to regularise its condition as a cash company. In a filing with Bursa Malaysia, SCGM said it had entered into a heads of agreement to acquire Eramas from Chin Kok Tian, Yan Hua Lan, … Read more
[ KUALA LUMPUR: Asdion Bhd has proposed to acquire a 51% stake in PT Indoexpress Logistics (Indoexpress) for RM6mil. In a filing with Bursa Malaysia, Asdion said its 99% owned sub-subsidiary, PT Trans Infra Nusantara (PTTIN) has entered into a conditional share sale agreement (CSSA) with PTGDS for the acquisition of 51,600 ordinary shares, or … Read more
[ SAO PAULO: Abu Dhabi-controlled fresh food producer Unifrutti is expanding its footprint in Latin America with two acquisitions in Peru, building on a previous purchase in the region as the firm eyes continued growth in the fruit market. The company has reached a deal to buy both AvoAmerica Peru and Bomarea from US-based Solum … Read more
