Corporate digest
Straits Trading
PROPERTY firm Straits Trading Company will sell an office building in Australia for about A$161.5 million (S$171.8 million). The building at 114 William Street in Melbourne will be sold to AFIAA Australia 4 Pty Ltd.
China Medical
CATALIST-LISTED China Medical (International) Group (CMIG) has agreed to buy a majority stake in The Sloane Clinic, an aesthetic and plastic surgery chain in Singapore and Malaysia, for S$9.5 million. CMIG will acquire 51 per cent of the issued capital of medical services companies Eastlife and Maxglobe, which own six clinics operating under The Sloane Clinic brand, from Asia Pacific Medical Group. CMIG will purchase 40,800 ordinary shares in Eastlife and 81,600 ordinary shares in Maxglobe for S$9.5 million. The payment comprises S$6.5 million in cash and S$3.0 million in shares. This is the first acquisition for CMIG, which…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft launches lightweight AI model
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in