Stocks In Focus SG (MM2 Asia, Noble, United Envirotech) – 09/04/15
09 April 2015
Related stocks:
SGX:41C, SGX:N21, SGX:U19
MM2 Asia announced that its wholly-owned subsidiary, mm2 Entertainment has entered a sale and purchase agreement (SPA) with three sellers (Yeo Eng Pu, Charles, Hong Wei Chien and Lee Hoon Hwee) for the acquisition from the sellers of 51 percent of the issued and fully paid-up ordinary shares of Vividthree Production. The total consideration payable for the shares is approximately $3 million, with an initial payment of $600,000 to the sellers upon signing the SPA and the remaining payable in accordance with the company’s achievements.
Noble Group launched a US$2.3 billion committed unsecured revolving loan facility. ANZ, Citigroup Global Markets, Commonwealth Bank, DBS, Goldman Sachs, HSBC, UOB, Societe Generale and Standard Chartered (Hong Kong) are appointed as bookrunners. Funds borrowed under this facility will go towards refinancing existing debt and general corporate purposes.
United Envirotech announced a share transfer agreement with the shareholders of Bishui Lantian (BSLT), where United Envirotech will acquire the Phase 1 and 2 of BSLT’s wastewater treatment plant (WWTP), the Transfer-Operate-Transfer (TOT) project, and secure the rights to develop Phase 3 WWTP, the Build-Operate-Transfer (BOT) project. The acquisition consideration is RMB500 million (approximately $111.1 million), funded by a combination of internal resource, bank financing and proceeds from the company’s Medium Term Note programme.
http://www.sharesinv.com
09 April 2015
Related stocks:
SGX:41C, SGX:N21, SGX:U19
MM2 Asia announced that its wholly-owned subsidiary, mm2 Entertainment has entered a sale and purchase agreement (SPA) with three sellers (Yeo Eng Pu, Charles, Hong Wei Chien and Lee Hoon Hwee) for the acquisition from the sellers of 51 percent of the issued and fully paid-up ordinary shares of Vividthree Production. The total consideration payable for the shares is approximately $3 million, with an initial payment of $600,000 to the sellers upon signing the SPA and the remaining payable in accordance with the company’s achievements.
Noble Group launched a US$2.3 billion committed unsecured revolving loan facility. ANZ, Citigroup Global Markets, Commonwealth Bank, DBS, Goldman Sachs, HSBC, UOB, Societe Generale and Standard Chartered (Hong Kong) are appointed as bookrunners. Funds borrowed under this facility will go towards refinancing existing debt and general corporate purposes.
United Envirotech announced a share transfer agreement with the shareholders of Bishui Lantian (BSLT), where United Envirotech will acquire the Phase 1 and 2 of BSLT’s wastewater treatment plant (WWTP), the Transfer-Operate-Transfer (TOT) project, and secure the rights to develop Phase 3 WWTP, the Build-Operate-Transfer (BOT) project. The acquisition consideration is RMB500 million (approximately $111.1 million), funded by a combination of internal resource, bank financing and proceeds from the company’s Medium Term Note programme.
http://www.sharesinv.com
