HCLTech and CAST forge ahead with strategic partnership to revolutionize OEM Chip DesignSINGAPORE: HCLTech, a global technology powerhouse, and CAST, a pioneer in semiconductor intellectual property (IP) cores, have announced an expansion of their partnership. This collaboration is set to transform the landscape of original equipment manufacturing (OEM) by offering bespoke chip solutions, propelling industries…
All posts in Singapore Exchange
SingPost to restructure into three autonomous business units
Singapore Post Ltd (SingPost) has concluded its strategic review, initiated in May 2023 with Merrill Lynch (Singapore) Pte. Ltd. (BofA Securities) as the financial advisor. The review aimed to enhance shareholder returns and ensure the Group’s appropriate valuation. Over recent years, SingPost has evolved from a traditional postal service into a technology-driven international logistics enterprise,…
8VI Holdings gets financial advisory license in Singapore and Malaysia
SINGAPORE: 8VI Holdings Limited has obtained regulatory approvals to commence its Financial Advisory businesses in Singapore and Malaysia. The Financial Advisory business vertical was established in the previous financial year as part of the Group’s plans to expand its offerings and bridge gaps in the VI Community’s overall wealth management journey. 8VI FIN Malaysia Sdn.…
Jadestone Energy acquires interest in Sinphuhorm gas field onshore Thailand
SINGAPORE: Jadestone Energy has executed a sale and purchase agreement with Salamander Energy (S.E. Asia) Limited, an affiliate of PT Medco Energi Internasional Tbk, to acquire S.E. Asia’s interest in three legal entities, which collectively own a 9.52% non-operated interest in the producing Sinphuhorm gas field and a 27.2% interest in the Dong Mun gas…
CSE Global incorporates subsidiaries to separately hold Logic Wireless entities
SINGAPORE: CSE Global Limited has completed the acquisition of Logic Wireless entities including Logic Wireless Limited, Logic Wireless Pty Ltd, and Logic Wireless Europe Limited for a consideration of NZ$ 25 million ($20.8 million). Following the completion of the acquisition, Logic Wireless Entities have become indirect wholly-owned subsidiaries of CSE Global. For the purpose of…
Al Salam Bank steps up support for local health and education initiatives
MANAMA, BAHRAIN: Al Salam Bank has announced a number of ESG initiatives focused on supporting education, health and women empowerment in Bahrain. The move is part of the Bank’s ongoing efforts to support the financial and social wellbeing of the community as well as the Kingdom’s Economic Vision 2030 and the United Nations’ Sustainable Development Goals (SDGs).…
BW LPG acquires LPG Trading Operations from Vilma Oil
SINGAPORE: BW LPG Limited has entered into an agreement to acquire the LPG trading operations from Vilma Oil, to expand BW LPG’s Product Services division. The Product Services division was established in February 2019 to offer customers a low-risk and fully integrated product delivery service, and support BW LPG’s core shipping business. This acquisition will…
Keppel DC REIT acquires two data centres in Guangdong, China for RMB 1.38bn
SINGAPORE: Keppel DC REIT has entered into agreements with Guangdong Bluesea Data Development Co. Ltd. and its parent company, Guangdong Bluesea Mobile Development Co. Ltd., to acquire two data centre facilities, on a fully-fitted basis, in Jiangmen, Guangdong Province, for RMB 1,380.6 million (approximately S$297.1 million), a release noted. The two transactions follow the acquisition of Guangdong Data…
Kunda sells furniture & fittings business in China as property market weakens
SINGAPORE: China Kunda Technology Holdings has entered into a sale and purchase agreement with Shenzhen City Tangjia Kitchen Appliances Company to dispose its entire 100% interest in the subsidiary, Shenzhen Shi Er Ju Quan Wu Ding Zhi Company (SEJ) for a net consideration of RMB 2.0mn. SEJ, a wholly-owned subsidiary of China Kunda Technology, was…
Keppel divests Flemmington Investments in a $98.6mn deal
SINGAPORE: Keppel Land Limited (KLL) is divesting its 100% equity interest in Flemmington Investments Pte. Ltd. (FIPL). FIPL holds a 42% stake in a project company with rights to develop a site of approximately 30 hectares located in Ho Chi Minh City, Vietnam. Keppel Land Limited (KLL) is a wholly-owned subsidiary of Keppel Corporation Limited.…
BW LPG sells very large gas carrier, BW Trader
SINGAPORE: BW LPG Limited announced today the sale of Very Large Gas Carrier (VLGC) BW Trader. BW Trader was built in 2006 and has a carrying capacity of 78,631 CBM. The sale and delivery of the vessel to its new owner for further trading is expected to be completed by March 2022 and when completed,…
Astrocast partners with UnaBiz on end-to-end Satellite IoT solution
SINGAPORE: Astrocast, the most advanced global nanosatellite IoT network, announced a partnership with massive IoT service provider, UnaBiz, to develop an end-to-end IoT solution for asset tracking and monitoring. This collaboration combines Astrocast’s connectivity technologies with UnaBiz’s custom design expertise in IoT sensors and data platform services. As part of this partnership: ● UnaBiz will…