Here comes the king: Singapore crowned top acquiror in SEA cross-border M&A

Thanks to OCBC and Frasers Centrepoint.

Singapore snagged the top spot from other Southeast Asian countries as the top acquiror nation for cross-border M&A. It hit $24b in 2014 YTD, all thanks to big-time deals that were revealed this year led by OCBC and Frasers Centrepoint.

According to the latest stats from Dealogic, SE Asia cross-border outbound M&A volume has reached a YTD record $26.6bn in 2014 YTD, up 73% from the $15.4bn announced in the same 2013 period.

Here's more from Dealogic:

Notable deals announced in 2Q so far this year include Oversea-Chinese Banking Corp Ltd's $5bn pending acquisition for Wing Hang Bank Ltd announced in April, and Frasers Centrepoint Ltd's $3.5bn bid for Australand Property Group (Bid No 2) announced in June.

The deals help push Singapore as the top acquiror nation for SE Asia cross-border M&A with $24bn in 2014 YTD, the highest YTD level on record and up from $12.2bn announced in 2013 YTD.