SINGAPORE: PropNex Limited’s wholly-owned subsidiary, PropNex Grandeur Homes has entered into a share sale and purchase agreement with, amongst others,TB6 Pte. Ltd. and Rapzo Capital Pte. Ltd. to acquire70% of the issued and paid-up capital of Ovvy Pte. Ltd. The consideration payable by PropNex will be S$1.0 million, of which 35% will be paid to…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Trendlines to seek dual listing and shares offering on TelAviv Stock Exchange
MISGAV, ISRAEL: The Trendlines Group Ltd. has planned to seek a dual primary listing of its ordinary shares on the Tel-Aviv Stock Exchange (TASE) in Israel, a news release suggests. The Trendlines Group considers that the Proposed TASE Listing will be beneficial for the Company, and in the interests of the shareholders of the Company,…
Aspen Group Holdings’ subsidiary gets a 10-year income tax exemption
SINGAPORE: Finance Minister of Malaysia has approved an application of Aspen Glove Sdn. Bhd. (AGSB) submitted through the initiative of the Northern Corridor Implementation Authority (NCIA), for an income tax exemption for its business activity of designing, developing, and manufacturing of examination and surgical nitrile gloves via a grant of an incentive known as the…
Livingstone Health Holdings lists on SGX Catalist
SINGAPORE: Singapore Exchange (SGX) has welcomed Livingstone Health Holdings Limited to its Catalist under the stock code “PRH”. Based in Singapore, Livingstone Health Holdings Limited is a multidisciplinary specialist healthcare group, which focuses on aesthetics and wellness, anaesthesiology and pain management, family medicine, internal medicine as well as orthopaedic surgery. The group has 15 medical…
Singapore private equity investor expresses interest to acquire minority stake in mm2 Asia
SINGAPORE: mm2 Asia Ltd has received a non-binding term sheet from a Singapore private equity investor expressing interest in a potential acquisition involving a minority stake in one of the mm2’s core businesses. mm2 Asia Ltd. Had made and announcement earlier in relation to the proposed renounceable underwritten rights issue by the company. The Company…
iFAST participated in successful tender for eMPF Platform project
SINGAPORE: The Mandatory Provident Fund Schemes Authority (MPFA) of Hong Kong announced on 29 January 2021 that it has awarded PCCW Solutions Limited with the contract for the design, build and operation of the eMPF Platform. The eMPF Platform aims to standardise, streamline and automate the MPF scheme administration processes to create room for fee…
Marketnode ties up with Covalent to build end-to-end digital infrastructure
SINGAPORE: Singapore Exchange (SGX) and Temasek announced that the digital assets joint venture (JV) –Marketnode – has partnered with Covalent Capital to build Asia Pacific’s first, end-to-end digital infrastructure in the fixed income space. This latest development follows the JV announcement by SGX and Temasek on 22 January. As part of the partnership, Marketnode will…
Singapore Exchange launches ESG derivatives
SINGAPORE: Singapore Exchange (SGX) is accelerating its SGX FIRST sustainability agenda with the launch of its pioneering suite of ESG derivatives, a news release said. SGX developed the new contracts in partnership with FTSE Russell to offer investors more choice in promoting the integration of Environment, Social and Governance (ESG) factors into institutional investment portfolios…
Singapore Exchange reports 1H FY2021 net profit of S$228 million
SINGAPORE: Singapore Exchange (SGX) reported 1H FY2021 adjusted net profit of S$228.0 million (S$213.9 million), with revenues of S$520.8 million (S$478.5 million). Adjusted EBITDA stood at S$321.2 million (S$298.8 million), while adjusted earnings per share was 21.3 cents (20.0 cents). Moving forward, to better reflect its underlying operating performance, SGX will disclose additional financial measures,…
Everbright Water issues second tranche of medium term notes worth RMB 1.0 billion
SINGAPORE: China Everbright Water Limited, an environmental protection company focusing on water environment management, has completed the issuance of the second tranche of medium term notes (MTNs) to institutional investors in the inter-bank bond market in the mainland China with a principal amount of RMB 1.0 billion. The Second Tranche MTNs were fully subscribed for…