CORPORATE deals in Singapore outpaced those in Malaysia and Indonesia, making it a stand out performer in the region with 143 deals worth some US$18.7 billion recorded over the first half of the year.
Overall, the three markets notched up 255 deals worth US$22.7 billion in the first six months of this year, according to latest data by American Appraisal, a global valuation and advisory firm.
Even so, deal making in Singapore fell slightly compared to the first half of 2013 which notched up 179 deals valued at US$22 billion,
Last year’s corporate activity was largely boosted by TCC Group’s $13.8 billion takeover of Fraser and Neave last. If that were set aside, deal values for the first half of the current year would have jumped significantly from a year ago, said American Appraisal.
Singapore top performer in region"s deal activity for 1H 2014