SINGAPORE: Singapore Exchange Regulation (SGX RegCo) will enhance requirements on auditors and valuers in their dealings with listed companies, and standards governing valuation reports. “Supporting market development is central to SGX RegCo’s role. These latest rule changes heighten the standards required of auditors and property valuers in their dealings with listed companies. We expect the…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Sembcorp Energy India wins 400MW capacity solar power project
SINGAPORE: Sembcorp Energy India Limited (SEIL), a wholly owned subsidiary of Sembcorp Industries (Sembcorp), has recently won a new 400MW solar power project, a news release said. Through its renewables subsidiary, Sembcorp Green Infra, SEIL won this bid in a closely contested auction conducted by the Solar Energy Corporation of India (SECI). SEIL has received…
Intraco makes investment into Chongqing Liangjiang Sino-Singapore Fintech Rmb Equity Investment Fund
SINGAPORE: The Board of Directors of Intraco Limited has entered into a limited partnership agreement in relation to the investment of RMB 5 million (approximately S$1 million) into the Chongqing Liangjiang Sino-Singapore Fintech RMB Equity Investment Fund to be made in two tranches over the first three years from the date of the execution of…
Singapore Exchange named Regulation Asia’s Exchange of the Year for 3rd year running
SINGAPORE: Singapore Exchange (SGX) has again been recognised as the “Exchange of the Year” in the 3rd Regulation Asia Awards for Excellence 2020. This is the third time SGX has received the accolade. The 2020 award recognised SGX’s achievements in sustainability and innovation. Cited in the award were SGX’s initiatives to boost awareness of ESG…
City Developments Limited selling Copthorne Orchid Hotel & Resort Penang in Malaysia
SINGAPORE: Millennium & Copthorne Hotels Limited (M&C), City Developments Limited (CDL)’s wholly-owned hotel subsidiary, has entered into a Sale and Purchase Agreement to divest the Copthorne Orchid Hotel & Resort Penang in Malaysia for RM 75 million (approximately S$25 million). The divestment is in line with the Group’s strategy to extract value from its non-core…
SGX welcomes Aedge Group Limited to Catalist
SINGAPORE: Singapore Exchange (SGX) today welcomed the listing of Aedge Group Limited on its Catalist under the stock code “XVG”. Aedge Group Limited opened at S$0.21. Aedge Group is a Singapore-based multi-services provider of a diverse range of services. It provides three principal services, namely (i) engineering services to various industries, such as oil &…
MOU signed to strengthen Singapore-China bond markets
SINGAPORE: Singapore Exchange (SGX) signed a Memorandum of Understanding (MOU) with China Central Depository & Clearing Co (CCDC) to strengthen and promote Singapore and China’s bond markets, a news release said. This is CCDC’s first comprehensive MOU of strategic cooperation with an international exchange, that covers the full lifecycle from issuance to settlement and custody….
Lion-OCBC Securities Hang Seng TECH ETF lists on Singapore Exchange
SINGAPORE: Singapore Exchange (SGX) has welcomed the listing of Lion-OCBC Securities Hang Seng TECH ETF with assets under management of S$64 million, providing efficient access to the fastest-growing Chinese technology companies as retail demand for exchange-traded funds (ETFs) reaches a new high. The Lion-OCBC Securities Hang Seng TECH ETF is the second ETF listing by…
Stratasys Ltd to acquire Origin Inc in a $100 million deal
SAN FRANCISCO: Stratasys Ltd. signed an agreement to acquire 3D printing start-up Origin Inc. in a transaction for total consideration of up to $100 million, including cash and stock. The merger enables Stratasys to expand its leadership through innovation in the fast-growing mass production parts segment with a next-generation photopolymer platform. Subject to various approvals…
CapitaLand forms $300m joint venture to scale multifamily asset portfolio in USA
SINGAPORE: CapitaLand has formed a programmatic joint venture to scale its multifamily asset portfolio in the United States of America (USA), a news release said. Through the joint venture, CapitaLand will have a strategic arrangement with its joint venture partner to acquire and develop multifamily assets totalling US$300 million (S$416.1 million) in gross asset value….