Singapore companies have awoken to a hunger that’s been acquiring companies globally, from real estate to engineering. Comparing to the figure of last year’s US$41.9 billion, the overseas deals this past September are almost double at US$91 billion. The increase in deals was 7.8% to about 468 deals this year. This far outweighed the number of global mergers and acquisitions that only grew by 2%. China remains a prime target for Singapore companies like Temasek, GIC, Singapore Technologies Engineering Ltd., CapitaLand Ltd., etc. as they have invested heavily in various Chinese companies.
The number of these transactions increased more than five times its previous value from US$3.8 billion to US$19.5 billion.