United States

Air Freight & Courier Services

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Super Group announce acquisition of Fleet Hire

Thursday, 4 Aug 2016 09:39am EDT

Super Group Ltd : Acquisition of Fleet Hire by SG Fleet Group . Acquisition of a UK company, Fleet Hire, a provider of contract hire, salary sacrifice, short-term rental and fleet management services . Total value of acquisition is 25.7 mln stg . SG Fleet shares to value of 1.8 mln stg will be issued to vendors, with remainder of consideration to be funded through debt . Acquisition gives SG Fleet scale and a profitable growth platform in UK market . Expects cash EPS accretion in its first full year of ownership of 4.5 pct, with further accretion in subsequent years . Consideration paid values Fleet Hire at 5.6-times normalised EBITDA .Consideration to be funded through debt 12.0 mln stg and cash on hand 5.8 mln stg.

Beijing Sports and Entertainment Industry Group enters JV agreement with Beijing Zhongying<1803.HK>

Friday, 29 Jul 2016 05:55am EDT

Beijing Sports and Entertainment Industry Group Ltd <1803.HK>: Bj sports & ent-discloseable transaction in relation to the formation of joint venture company <1803.HK> . Says unit Zhong Hu Yuedong entered into the jv agreement with Beijing Zhongying . Jv company shall have a registered capital of RMB20 million .

GKE Corp updates on MOU with TNS Ocean Lines

Thursday, 28 Jul 2016 06:52pm EDT

GKE Corporation Ltd : Binding memorandum of understanding - purchase of tns ocean lines (s) pte. ltd.) . Aggregate purchase consideration for the sale shares is s$9 million . The company entered into a legally binding memorandum of understanding with the shareholders of tns ocean lines . Mou for the proposed acquisition of 2.4 million ordinary shares in the capital of tns .

Keppel Corporation Ltd updates on Alpha Investment's collaboration with Keppel Telecommunications & Transportation

Wednesday, 20 Jul 2016 06:06am EDT

Keppel Corporation Ltd: Alpha Investment collaborates with Keppel Telecommunications & Transportation on US$500 mln data centre fund . Two closed-end private equity funds managed by Alpha, unit of Keppel Capital received initial capital commitments of US$410 million .

China Merchants Holdings, Sinotrans & CSC enter comprehensive services framework agreement<0144.HK><0598.HK>

Wednesday, 15 Jun 2016 04:22am EDT

China Merchants Holdings International Co Ltd <0144.HK>: Proposed continuing connected transactions with sinotrans & CSC and China Merchants Bank - comprehensive services framework agreement - determination of annual caps <0144.HK> . On 15 June 2016, company and Sinotrans & CSC entered into the comprehensive services framework agreement .

Complete Logistic Services Bhd says unit entered into a sale memorandum

Monday, 13 Jun 2016 06:48am EDT

Complete Logistic Services Bhd : Says unit, pengangkutan sekata sdn bhd entered into a sale memorandum . Sale memorandum pursuant to successful bid to acquire piece of leasehold land, with a factory building for consideration of 5.1 million rgt .

Vibrant Group clarifies on media reports regardig potential issue of bonds in PRC

Monday, 6 Jun 2016 11:25am EDT

Vibrant Group Ltd : Says no binding arrangements have as yet been entered into with any party in respect of this transaction . Engaged in discussions with various parties in relation to potential issue of RMB1 billion panda bonds . Says "has noted the media reports of 23 may 2016" .

ASR Logistics says unit entered into JV agreement with Beijing Dingfeng<1803.HK>

Thursday, 2 Jun 2016 07:57am EDT

ASR Logistics Holdings Ltd <1803.HK>: Says unit entered into the jv agreement with Beijing Dingfeng . Jv company shall be established and shall be held as to 60% by Zhong Hu Sports and 40% by Beijing Dingfeng . Jv company shall have a registered capital of RMB5 million . Says the term of the jv company is 30 years, starting from the issue date of the business registration .

FedEx holds 98.45% of all tnt express shares

Thursday, 2 Jun 2016 01:30am EDT

FedEx Corp and TNT Express : FedEx holds 98.45 pct of all TNT Express shares . Statutory buy-out expected to commence during Q3 2016 . Following statutory buy-out proceedings, FedEx will own 100 pct of TNT Express .Delisting TNT Express to occur as soon as possible.


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