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Meet a new kind of factory.

Ten of its vessels will be deployed to support projects in Asia and the Middle East.

One is in Punggol Central.

It has entered into two separate framework agreements.

The acquisitions mark the launch of Ascott's new co-living concept in China. CapitaLand's who wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has secured contracts to manage its first three properties under its latest brand, lyf, in its two key markets – China and Singapore, marking the unveiling of its new co-living concept. The three properties acquired includes the 112-unit lyf Wu Tong Island Shenzhen which will open in the first half of 2018. Others are the 120-unit lyf DDA Dalian which is scheduled to open in end 2018 and the lyf Farrer Park Singapore, the biggest of the three lyf properties with 240 units, that is set to open in 2021. “Since Ascott unveiled the lyf brand in Singapore last November, we have received very strong interest in this new co-living concept designed by millennials for the growing wave of millennial and millennial-minded travellers, such as technopreneurs, startups and those in the creative industries. We are excited to be launching lyf in China with two properties and to have secured our first in Singapore. These trailblazing lyf properties not only enjoy prime locations with a ready catchment of business and leisure travellers, they also offer vibrant spaces for these change-makers to build new connections and co-create with the community therein,” Ascott CEO Lee Chee Koon said. Located in the economic zone or innovation park, these three lyf properties will provide conducive environments in which innovation and creativity can thrive. lyf Wu Tong Island Shenzhen is situated in an innovation park named Wu Tong Island that has 24 office buildings leased to firms in the technology, design, media and tourism industries. lyf DDA Dalian is in the Dalian Development Area (DDA), China’s first Economic and Technological Development Zones that is home to start-ups, local and foreign enterprises, including Fortune 500 companies. lyf Farrer Park Singapore is conveniently located in the Central Region of Singapore and a short 15-minute drive from the Central Business District. Please refer to the Annex for more information on these lyf properties. To recall, Ascott first unveiled the lyf brand in Singapore in November 2016, and it set up the serviced residence industry’s first-of-its-kind living lab to field test co-living concepts for lyf in February 2017.  

This is a first in Southeast Asia. Google opens its first Southeast Asia cloud platform in Singapore to improve latency of Google Cloud Platform customers and end users. According to a blog posted by GCP product manager Dave Stiver, the total number of paid customers in Singapore has increased by 100% over the last 12 months., “The experience for GCP customers in Southeast Asia is better than ever too; performance testing shows 51% to 98% reductions in round-trip time (RTT) latency when serving customers in Singapore, Jakarta, Kuala Lumpur and Bangkok compared to using other GCP regions in Taiwan or Tokyo," Stiver said. Customers with a global footprint like BBM Messenger, Carousell and Go-Jek have been looking forward to the launch of the Singapore region. Read the rest of the report here.  

The acquisition will be funded through the issuance of new shares. Singapore's largest traditional coffee shop operator Kimly went on a shopping spree as it eyes expanding its kop=itiam empire further. It has acquired and paid $850,000 to manage and operate Yong Yun coffee shop, located at Block 631 Bedok Reservoir Road. The group also paid $650,000 for the acquisition of an industrial canteen at Primz Bizhub in Woodlands Close. The acquisitions will be funded through the issuance of around 3 million new shares, RHB said in its daily news bulletin.  

It could reflect a 72% growth in earnings per share.

It will come with a fixed rate of 6.6% per annum. Lippo Malls Indonesia Retail Trust (LMIRT) recently announced that it intends to issue $120m worth of fixed rate perpetual securities. According to OCBC Investment Research, this will come with a fixed rate of 6.60% per annum, with the first reset date falling on 19 Dec 2022 and subsequent resets occurring every five years thereafter. "LMIRT’s decision to issue new perpetual securities does not come as a surprise, as it had previously issued $140.0m 7.0% perpetual securities on 27 Sept 2016. We believe that the net proceeds from the issuance will be used in part to fund the S$33.2m Kendari acquisition, as well as to temporarily refinance the $50m 5.875% bond due in 6 Jul 2017 and the $75m 4.48% bond due 28 Nov 2017," the brokerage firm said, noting that the issuance is expected to offer LMIRT greater headroom to fund future acquisitions.  

Total consideration sits at $184.3m. Singapore-listed film production and distribution firm mm2 Asia is proposing to acquire 50% stake in Golden Village cinema business in Singapore for about $184.3m. According to DBS Group Research, the proposed acquisition will be funded by a combination of bank borrowings, internal cash resources as well as proceeds from fund raising exercises to be undertaken by the group. The acquisition is expected to be completed by July 21. Golden Village is Singapore's leading cinema exhibitor with 11 multiplexes housing 92 screens with locations in various parts of Singapore. Total capacity is 1,390 seats, consisting of 8 auditoriums and 3 Gold Class cinemas. Other cinema operators in Singapore include Shaw, Cathay and WE cinema by Eng Wah. Shaw has about eight cinemas, Cathay seven and WE, one. "The proposed acquisition of the GV cinema would further strengthen mm2’s presence in the downstream value chain of film distribution. As the market leader, mm2 would now have a better bargaining power in terms of securing distribution titles and screening rights. This will also complement its current cinema operations in Malaysia," the brokerage firm said, noting that cinema operation is a relatively stable and cash business.  

It will be located in Singapore’s Orchard Road precinct.

The service was already a household name in Hong Kong.

New plans offer 2GB of data. Singapore telco M1 launched two new prepaid roaming plans for travellers to avoid the hassle of queuing to buy a local prepaid card. The new prepaid roaming plans offer 2GB of data and are bundled with voice minutes. This offers M Card users the flexibility to call the fixed or mobile numbers of attractions, restaurants, airlines and hotels. Travellers can also use the minutes to receive incoming calls from home. The new plans, priced at $15 and $28, are usable across 12 and 17 popular holiday destinations respectively, including Australia, Hong Kong, Japan, New Zealand and the United States. The 2GB data and 10 voice minutes are valid for 10 days from the activation date.  

Its Documentation Quality Assurance & Control Team made the cut.

It will be financed through debt and perpetual securities.

Cos Lucky Shipping Maritime is one of the group’s dormant subsidiaries. Cosco Shipping announced the dissolution Cos Lucky Shipping Maritime Inc, a subsidiary incorporated in the Republic of Panama. The group said the dissolution is subsequent to the scrapping of the vessel owned by Cos Lucky Shipping. The dissolution of Cos Lucky Shipping is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the financial year ending in December 2017. The group said that none of its Directors or controlling shareholders has any interest, direct or indirect in the dissolution of Cos Lucky Shipping.