Two Japanese companies with common shareholders are making moves into a pair of Singapore-listed firms via sepa­rate reverse takeover deals worth US$3 billion ($4.03 billion). Even as specif­ics of the deals have sparked queries from the market regulator, the parties involved have maintained their...

Japanese venture company 3DOM is investing up to US$10 million in local renewable energy company G8 Subsea, representing an aggregate stake of up to 5% in the company. This implies a total valuation of US$200 million for G8. The company plans to explore a Nasdaq listing in mid-2022. In a share swa...

MALAYSIAN restaurant operator Chaswood Resources Holdings on Thursday (Nov 25) signed a binding term sheet to acquire battery maker HK Aerospace Beidou New Energy Technology (HKAB) for an indicative price of US$500 million.

Chaswood Resources, fresh from calling off its US$1 billion RTO deal with 3DOM Inc, has signed a US$500 million ($678.6 million) deal one week later instead with a business linked to one its controlling shareholder Jared Lim. Under terms of a binding term sheet signed on Nov 24, Chaswood Resources w...

MALAYSIAN restaurant operator Chaswood Resources Holdings on Thursday (Nov 25) signed a binding term sheet to acquire battery maker HK Aerospace Beidou New Energy Technology (HKAB) for an indicative price of US$500 million.

Just two days after 3DOM Singapore scrapped its US$1 billion ($1.36 billion) RTO (reverse takeover) deal with F&B operator Chaswood Resources, it has announced a similar deal with another Singapore Exchange (SGX)-listed company Reenova Investment. Should the deal go through, Reenova, which plans...

Chaswood Resources’ reverse takeover deal with 3DOM Inc has been terminated, just ten days after the sales and purchase agreement was signed on Nov 5. Under terms of the agreement, Chaswood was to acquire 70% of 3DOM Singapore by issuing new shares worth US$1 billion to Japan based 3DOM Inc. If co...

CHASWOOD Resources Holdings has cancelled plans to acquire battery maker 3DOM (Singapore) Pte Ltd (3PL) via a reverse takeover (RTO) of at least US$1 billion, citing "major differences and disagreements" in approach to the RTO processes and the way it should proceed.

As the pandemic drags on, some com­panies are compelled to move into radically new business areas. For example, Chaswood Resourc­es is in the process of transforming from an F&B operator to a lithium-ion battery maker; OIO Holdings transitioned from an en­gineering firm called DLF Holdings to...

Market observers rueing another lull year for IPOs in the Singapore market might see a slight uptick in activity as the year draws to a close. This time last year, Nanofilm Technologies International’s big listing, which vaulted it to unicorn status, sparked optimism that the IPO drought will end ...

Chaswood Resources is in a $1.357 billion reverse takeover deal that will turn it from an F&B operator into a lithium-ion battery maker. Under terms of a Nov 5 sale and purchase agreement, the company will acquire a 70% stake in 3DOM (Singapore), which is owned by a Japan-incorporated 3DOM Inc. ...

Many new companies are getting listed via an RTO deal instead of an IPO. What are its pros and cons of a backdoor listing? There appears to be a dearth of new listings on the Singapore Exchange (SGX). However, IPO numbers alone do not tell the whole story. A constant stream of new companies are tryi...

Chaswood Resources is undertaking a reverse takeover deal worth around US$1 billion that will see it turn from an F&B operator into a lithium-ion battery maker. In an Aug 23 announcement, the company has entered into a non-binding termsheet to acquire 3DOM (Singapore), which is owned by a Japan-...

ECOWISE lead independent director (ID) Er Kwong Wah has resigned as lead ID of CFM Holdings and lead independent non-executive director of Chaswood Resources Holdings, effective Monday.

ECOWISE lead independent director (ID) Er Kwong Wah has resigned as lead ID of CFM Holdings and lead independent non-executive director of Chaswood Resources Holdings, effective Monday.