Yahoo Finance 
Stocks In Focus SG (City Developments, PCI, Unionmet (Singapore) ) – 05/01/15
City Developments, via its subsidiary, Systematic Holdings, proposed the acquisition of the entire issued share capital of Systematic Laundry & Healthcare Services and Systematic Laundry & Uniform Services. The transactions were completed on 1 January, for a total consideration of $7.3 million plus a deferred sum of $0.8 million, conditional upon the satisfaction of certain profit before tax targets set for Systematic Laundry & Uniform Services for FY15 to FY17.
PCI announced the acquisition of a land parcel and building at the location, 35 Pioneer Road North, Singapore 628475, together with the equipment installed in the warehouse building for $22.5 million. The property has a land area of 7,688.7 square metres, and is currently under a thirty year lease that is expiring on 30 April 2023, including a covenant granted by Jurong Town Corporation to extend the lease term for another thirty years to 30 April 2053.
Unionmet (Singapore) has disclosed a disposal of its subsidiary, Liuzhou Union Zinc Industry Co. (Luz), to Divine Season for $4.5 million. Luz has been in a loss-making position since 2011 despite efforts to make a turn around. Proceeds generated from the disposal will be channeled to reduce Unionmet’s overheads and losses, as well as capital for its new businesses in property development and oil blending.
More From Shares Investment:
