Access to Article: GEM News 18 Global M&A 160819

The most discussed topic recently…

Buyouts/ Takeovers continued to be very active in 2018, notwithstanding the introduction of volatility in various markets. The wheeling and dealing has clustered around Technology, Healthcare and Business Services sectors, encompassing 68% of the total USD4.1 trillion in M&A values in 2018. Bristol Myers Squibb proposed USD74 billion acquisition of Celgene currently places it in pole position as the top M&A activity for 2019.

Singapore’s transaction volumes have remained relatively stable since 2016 to 2018, with an uptick in deal value seen in 2018. Close to 50% of Singapore delisting deals have been triggered by owners/management-led initiatives like the recent delisted Cityneon Holdings and Memtech International. There are also more private equity firms eyeing on Singapore buyout in these couple of years.

In this article, we highlight notable de-listing deals since 2014 in the four key sectors:

  1. Consumer
  2. Real Estate
  3. Logistics
  4. Manufacturing

Potential Candidates

There are various brokerage firms (RHB, DBS, KGI) who highlighted a few potential companies for privatisation.

We have also included a list of potential privatization candidates based on our own assessment that their key valuation metrics demonstrate signs of potential under-valuation. Some of these counters spot attractive dividend yields as high as 8.4%, which makes them ideal buy-and-hold candidates as we await a possible privatization conclusion.    

Will global political tensions, trade wars and turbulent markets ultimately derail the bullish global M&A trajectory seen over the past five years?  

Synagie generates 24-hour GMV sales of more than $1.0 million during 9.9 online shopping event

  • Synagie generated gross merchandise value (GMV) sales of more than $1.0 million with Y-O-Y increase of over 300% on 9 September 2019

Synagie Corporation Ltd. (SGX: V2Y), Southeast Asia’s leading e-commerce enabler that assists brands to execute their e-commerce strategies using its cloud-based platform, is pleased to announce that it generated more than $1.0million GMV sales in 24 hours during this year’s 9.9 online shopping event, recording an increase of more than 300% compared to 2018.

Co-founder & Executive Director of Synagie, Ms Olive Tai said, “We witnessed the strength and rise of Southeast Asia’s online shopping economy during this year’s 9.9 event with consumers across the region rushing to purchase our brand artner’s products at the stroke of midnight. Our servers were filled with thousands of orders just minutes after the launch of the event which provided an exciting platform for our brand partners to engage with new and returning onsumers. We look forward to setting more sales records during the other major  online shopping events that are planned for the rest of this year.” 

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Synagie Inks Exclusive Cross-Border Deal with Asia’s Biggest Celebrity Food Brand for Southeast Asia

  • Synagie to manage and expand online and offline cross-border distribution and sales for Hong Kong based Chef Nic’s brand products in Southeast Asia

Synagie Corporation Ltd. (SGX: V2Y) (“Synagie”, “思腾控股有限公司”, the “Company”, or the “Group”), Southeast Asia’s leading e-commerce enabler that assists brands to execute their e-commerce strategies using its cloud-based platform, is pleased to announce that it has inked an exclusive deal with Chef Nic (Hong Kong) Limited (“Chef Nic”), a Hong Kong based food company founded by celebrity Mr Nicholas Tse (“Tse”,“谢霆锋”), to manage and expand the cross-border online and offline (“O2O”) distribution and sales of Chef Nic brand’s range of packed food products including artisanal cookies, confectionery products and Chinese delicacies across Southeast Asia.

Co-founder & Executive Director of Synagie, Ms Olive Tai said, “We are truly honoured with this opportunity to provide our expertise to help Chef Nic grow its cross-border business in Southeast Asia. More than just an artisanal food brand, we believe that Chef Nic has become a lifestyle concept that will be well-received in our regional markets where millennial consumers are constantly looking for innovative food products. We look forward to replicating the success that Chef Nic has in Greater China and will be working closely with them to develop new product ideas that will appeal to our local markets.”

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HC Surgical Hikes Up Stake In Julian Ong Endoscopy & Surgery

  • HC Surgical to acquire an additional 19% stake in Julian Ong Endoscopy & Surgery Pte. Ltd. for S$3.8 million
  • Total consideration to be funded via issuance of 1,760,000 new shares at S$0.5388/share and approximately S$2.8 million in cash
  • With this acquisition, it will boost the Group’s stake in Julian Ong Endoscopy & Surgery to 70% and fortify the Group’s relationship with the talented specialist Dr. Julian Ong

HC Surgical Specialists Limited (SGX:1B1) is delighted to declare that it has today, entered into a sale and purchase agreement with Julian Ong Surgery Pte. Ltd. (the “Vendor”) for an additional 19% of the total issued and paid-up share capital of the Company’s subsidiary, Julian Ong Endoscopy & Surgery Pte. Ltd. (“JOES”) (the “Proposed Acquisition”).

Chief Executive Officer of HCSS, Dr. Heah Sieu Min said, “Dr. Ong is a talented specialist who has proven to be very popular with patients. We are excited to be part of his growth journey as we fortify our relationship with Dr. Ong through this acquisition. We will continue to execute on our corporate strategy in looking out for young talented specialists like Dr. Ong, providing them with the necessary support and platform for growth.”

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