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FRASER AND NEAVE LTD
Fraser and Neave said it received an unsolicited binding cash offer from a third party to buy its hospitality and serviced residence business for about S$1.4 billion. However it will not respond to the offer as it is constrained from undertaking the sale of any material assets during an ongoing offer from TCC Assets to buy the whole company.
CAPITALAND LTD
CapitaLand Ltd, Southeast Asia's largest property developer, said on Tuesday that Lim Ming Yan will become its new chief executive officer and president from Jan 1.
NOBLE GROUP
Noble Clean Fuels on Tuesday became the latest energy company to expand its presence in Britain's growing liquefied natural gas market as it signed an agreement to import spare LNG at the country's South Hook terminal.
LIPPO MALLS INDONESIA RETAIL TRUST
Lippo Malls said it will buy four retail assets in Indonesia for a total for S$180.7 million.
MAPLETREE LOGISTICS TRUST
Mapletree Logistics Trust said it has appointed Ng Kiat to be its chief executive officer and executive director, replacing Richard Lai.
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