Aspial Corporation has announced the acquisition of 27 million ordinary shares, representing 90 percent of the issued and paid-up share capital of World Class Global from its subsidiary, World Class Land, for a total consideration of approximately $14.4 million. ...

IEV Holdings has announced that its wholly-owned subsidiary, IEV International, has obtained an exclusive 5-year master license for the Oxifree corrosion control technology (Oxifree) in India.

This marks the fifth country in Asia for which the group has acquired the exclusive rights to distribute, apply and maintain products utilizing the technology, after Vietnam, Malaysia, Brunei and Indonesia. ...

SinoCloud has announced the formation of SinoCloud Asset Management, a strategic formation to manage the group’s data centre business in the People’s Republic of China.

Following shareholders’ approval to acquire a 63 percent interest in a Tier-4 data centre in Guiyang, PRC, the establishment of SinoCloud Asset Management will enable the group to dedicate resources and capabilities in providing data centre management solution to ride on the growing demand in China. ...

Croesus Retail Trust announced the acquisition of Torius Property in Fukuoka Prefecture, Japan, for $95.2 million, marking the group’s fourth acquisition since its IPO in May 2013.

Torius Property is an income-producing large-scale suburban retail mall located in Fukuoka Prefecture, Japan and is one of the largest retail facilities in Fukuoka City with few comparable retail facilities nearby. It has a high occupancy rate of 95.3 percent with a diversified mix of 145 tenants which includes whole sale goods retailer Costco Wholesale; 100 yen shop Daiso; and United Cinema. ...

Fraser Centrepoint’s hospitality arm, Frasers Hospitality, has announced the opening of Capri by Fraser, Berlin in 2017 following the recent opening of Capri by Fraser in Barcelona and Frankfurt.

The new openings also marks Frasers Hospitality’s entry into Germany and Spain, which continue to be attractive destinations for business and leisure, ranking among the top five European countries that continue to attract foreign direct investment. ...

Civmec, in a joint venture with Sedgmen has been awarded a contract by BHP Billiton Iron Ore for civil, structural, mechanical. Piping, electrical and commissioning works at the Jimblebar mine in the Pilbara region of Western Australia.

The engineering, procurement, construction and commissioning works which comprises of the installation of a new primary crusher and additional conveying capacity, will commence immediately with approximately 270 personnel employed on the project at its peak. ...

Hong Fok Corporation has entered into an agreement for the disposal of 38.8 percent shares of Winfoong International, to HK Guoxin Investment Group at HK$0.3618 per share, with a total consideration of approximately HK$370.5 million

The agreement was entered into by Hong Fok Corporation (Cayman), Hong Fok Corporation (H.K.) and First Strategy Investments, a wholly-owned subsidiary of the group. ...

Hong Fok Corporation has entered into an agreement for the disposal of 38.8 percent shares of Winfoong International, to HK Guoxin Investment Group at HK$0.3618 per share, with a total consideration of approximately HK$370.5 million

The agreement was entered into by Hong Fok Corporation (Cayman), Hong Fok Corporation (H.K.) and First Strategy Investments, a wholly-owned subsidiary of the group. ...

Lizhong Wheel Group has announced the acceptance of Berkley International’s (Berkley) voluntary condition cash offer for all the issued and paid-up ordinary shares in the capital of the group.

Berkley has offered $0.50 in cash for each offer share, and as of 21 September 2015, the total number of shares owned by Berkley amount to an aggregate of 218,971,299 shares, representing approximately 93.17 percent of total number of issued shares of the group. ...

Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Environment, has announced the divestment of its 40 percent stake in SembSita Pacific to 60 percent joint venture partner, Suez Environment Asia, for a consideration of AUD485 million. ...

Gold

Spot gold prices stood near one month highs and surged by 1.1 percent on Thursday to close at $1131.2 per ounce as a weaker dollar ahead of the Federal Reserve decision on rate hike buoyed upside. Besides, declining inflation further bolstered hopes the Federal Reserve would stand pat on interest rates, thereby supporting the yellow metal. Data showing that U.S. inflation unexpectedly fell for the first time in seven months in August. ...

TTJ Holdings has announced that it has secured two contracts totaling $16 million in Singapore and Malaysia, raising the group’s order book to $122 million as at 17 September 2015. ...

GKE Corporation announced the sale of the group’s entire shareholdings in Ever Flourish Development – incorporated in Hong Kong with an issued and paid-up share capital of HK$6.2 million – for a consideration of Rmb15 million.

Ever Flourish in turn holds a 40 percent of Maoming City Hung Ji Construction Materials (Mao Ming) that owns and operates a factory that produces and manufactures environmental friendly lightweight brick, building materials and cement products. ...

Technics Oil & Gas announced that the group’s subsidiary, Technics Offshore Engineering, has been awarded a $70.5 million contract for the construction of a Liftboat for an established regional player based in Malaysia.

The Liftboat is expected to be delivered within two years and there is an option as well to construct a similar unit that can be exercised within six month. ...

ARA Asset Management has announced that the group has successfully raised US$325 million in capital commitments for its private real estate funds division via a new separate platform.

A premier Asian-based sovereign wealth fund is the anchor investor of the platform and the new platform will be a closed-end fund with an initial term of 10 years, which may be extended. ...

NauticAWT registered a net loss of US$1.8 million for 1H15, a great plunge from the net profit of US$1.7 million in 1H14, despite a 56.7 percent increase in revenue.

The higher turnover was attributable to contribution from a group of subsidiaries acquired under AWT International in November 2014. However, gross profit slipped 13.6 percent, underpinned by a 22.1 percentage points fall in gross margin to to 27.3 percent, mainly due to the acquired units, whose businesses have generally lower margins. ...

CDL Hospitality REIT, through M&C REIT Management has entered into a share purchase agreement for the indirect acquisition of Cambridge City Hotel with a consideration of £62.5 million (approximately S$135.3 million).

Cambridge City Hotel is a purpose-built upper upscale hotel located in Cambridge, United Kingdom. It is conveniently located in Cambridge city centre, close to Cambridge railway station, popular tourist destinations, historic colleges and Cambridge’s largest shopping mall just adjacent to the property. ...

Challenger Technologies has announced the set-up of a wholly-owned subsidiary, Challenge Ventures, to focus on investing in companies and businesses to complement the group’s existing business.

Challenge Ventures will be incorporated with an initial paid-up capital of $1 million, and may be injected with more capital of up to $20 million in the future if suitable investments can be identified. It aims to invest in companies to operate within Challenger’s digital ecosystem by providing support for the group’s business operations, as well as other subsidiaries within the group. ...

YuuZoo Corporation has announced it has partnered with Sweden-based Circle of Champions (CoC) to distribute and market, in the markets where it has franchises and partners, CoC’s popular and high-revenue generating Android and iOS mobile games Powershot Challenge and Striker Challenge.

The games developed by CoC have been created for the world’s top football clubs such as FC Barcelona, Chealsea FC, Real Madrid and Manchester City FC, etc. ...

YuuZoo Corporation announced that it has secured access to a $30 million funding facility from New York based private alternative investment group, GEM Global Yield Fund.

The $30 million will be in the form of a capital commitment which allows the group to drawdown funds during the three year term of the agreement by issuing ordinary shares to GEM Global at a price per share which represents a 10 percent discount on the group’s closing price on the date such drawdown. ...

Ascott Residence Trust Management, an indirect wholly-owned subsidiary of CapitaLand Limited, has announced the divestment of the trust beneficiary interest of six properties under ARC-CapitaLand Three Tokutei Mokuteki Kaisha’s portfolio.

The six properties include two properties each from the cities of Kyoto, Saga and Sendai with a consideration of JPY4.5 billion (equivalent to approximately $43.3 million). ...

Uni-Asia Holdings has announced a proposed a reduction of ownership in Fortuna Containership, a wholly-owned subsidiary, from 100 percent to 50 percent.

Fortuna Containership, a Panama-incorporated company, was acquired by the group as a ship owning subsidiary for the purpose of acquiring a 3,500 TEU (twenty-foot equivalent unit) second hand containership which was delivered on 30 June 2015. ...

Interra Resources announced that its joint venture entity, Goldpetrol Joint Operating Company, has commenced drilling development well YNG 3270 in the Yenangyaung oil field in Myanmar.

Interra has a 60 percent interest in the Improved Petroleum Recovery Contract of the Yenangyaung field and also owns 60 percent of Goldpetrol which is the operator of the field. YNG 3270 is being drilled using Goldpetrol’s ZJ 450 rig, implying a relatively low drilling cost is to be expected. ...

Libra Group announced its wholly-owned subsidiary, Kin Xin Engineering, has been awarded two air-conditioning and mechanical ventilation works contracts total worth approximately $14.4 million, and the termination of the Philips Project contract.

The first contract is by Deenn Engineering for the supply and installation of air-conditioning and mechanical ventilation works for a proposed construction of multi-storey vehicle storage and support facilities at Selarang worth $9 million. ...