ASEAN markets potential transactions – Mapletree to divest older properties and more

SGX is looking to tie up with overseas exchange, Mapletree is looking to divest old properties, China Life Insurance seems to be keen on acquiring a controlling stake in Hong Leong Assurance Bhd.

By Betty Ho, analyst


Fullerton Healthcare Corporation Limited will seek acquisitions. The entity is issuing a US$ 175 perpetual bond to acquire and expand business into new markets.

Singapore Exchange Limited may tie-up with overseas exchange operators. It is rumored that they have held discussions with parties including Nasdaq International Limited, CME Group Inc.

China Investment Corporation, Global Logistic Properties Limited and a joint venture between Mapletree Investments Pte Ltd. and Temasek Holdings (Private) Limited have been shortlisted to buy Logicor Europe Ltd. from The Blackstone Group. The deal is said to be above US$ 12 billion.

Mapletree Logistics Trust is exploring sales of older properties to recycle capital. They will sell properties with less modern specifications.

China Aviation Oil (Singapore) Corporation Ltd. may consider mergers and acquisitions. Management of China Aviation Oil said it is always on the lookout but is selective in investments.

Vincent Chong, Chief Executive Officer of Singapore Technologies Engineering Ltd. shared plans to increase cross-sector collaboration within the group and divest some of its business lines. He said, “We will be looking at long-term investments and acquisitions where these make economic sense.”


Pavilion REIT Management Sdn Bhd is seeking investments. Philip Ho Yew Hong, Chief Executive Officer of Pavilion REIT Management, said, “If the opportunities and timing are right, the group will be looking at expanding its portfolio. However, it has nothing planned now.”

China Life Insurance Co Ltd. is reportedly keen on acquiring a controlling stake in Hong Leong Assurance Bhd.