Singapore
South Beach – a synergistic and dynamic collaboration of unique diversity
Dubai World signed in Singapore an agreement with City Developments Limited (CDL) and Elad Group to jointly develop South Beach, a landmark residential, commercial, retail and hotel complex in the Civic District. The tender price for this multi-billion dollar South Beach development project was S$1,688,888,000 and is estimated to be completed by 2012. Possibly... »
Dubai Drydocks World makes a voluntary conditional cash offer for Labroy Marine
The offer would involve a potential cash outlay of approximately S$2.37bn ($1.63bn) for an acquisition of all Labroy’s shares on a fully diluted basis. Labroy was incorporated in Singapore on April 14, 1980 and is listed on the Main Board of the Singapore Stock Exchange. It is a marine construction and engineering group with... »
Istithmar Consortium wins bid to secure prime development site in Singapore
Istithmar PJSC, the investment arm of Dubai World, today announced that it was part of the winning consortium in a bid to secure a 3.5-hectare downtown commercial land site in Singapore, adjacent to the Raffles Hotel. Istithmar Beach Road Fze submitted a successful bid of US$1.11 billion for the Beach Road site as part... »
DDW set to acquire 100 per cent ownership of Singapore-based shipyard
Dubai World‘s global shipyard operator, Dubai Drydocks World on Thursday (July 26) announced that it is preparing to exercise its option to acquire 100 percent ownership of the Singapore-based Pan United Marine (PUM) after receiving acceptances of 92.29 percent of shares as of July 25, when the offer closed in Singapore. Under its original... »
Dubai Drydocks World takes control of Singapore-based shipyard’s operations
Dubai Drydocks World, the global maritime arm of Dubai World, has, as of 10 July 2007, received acceptances of approximately 84.82 percent of Pan-United Marine Limited (‘PUM’) shares, in connection with its voluntary conditional cash offer (the ‘Offer’) for the Singapore-based shipyard. Following the issue of the Shut-off notice on 10 July 2007, the... »
