SINGAPORE: The Board of Directors of CITIC Envirotech Ltd announced that Tan Huchuan will succeed Hao Weibao as the new Group Chief Executive Officer (CEO) of CEL with effect from 1st October 2020. Hao Weibao will remain as Executive Chairman of the Group. Tan Huchuan is the current Group Chief Operating Officer (COO), and has been…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
AMTD Charity donates a total of S$1 million to SGX Bull Charge and Community Chest
SINGAPORE: Beneficiaries of SGX Bull Charge, the flagship charity initiative of Singapore Exchange (SGX), have received a boost from AMTD Charity Foundation amid a challenging year for fundraising. AMTD Charity Foundation is donating S$500,000 to SGX Bull Charge ahead of its 17th annual Charity Run – the largest single contribution in recent years. The proceeds…
Memiontec Holdings gets contracts worth S$17.8 million in Singapore and Indonesia
SINGAPORE: Memiontec Holdings Limited, a one-stop water technology total solution provider for water management, has recently secured three new contracts (“Contracts”) in Indonesia and Singapore, with a combined contract value of approximately S$17.8 million. The Contracts comprise the following: The Contracts are expected to increase the Group’s revenue for the financial years ending 31 December…
SGX named Asia-Pacific Derivatives Exchange of the Year by GlobalCapital
SINGAPORE: Singapore Exchange (SGX) has been named “Asia-Pacific Derivatives Exchange of the Year” by GlobalCapital for a seventh consecutive year, underscoring its strengths in an especially challenging environment for market infrastructure. SGX demonstrated its role as a flight-to-quality marketplace as uncertainties over COVID-19 roiled global markets. Even during the early days of the pandemic, the…
Acromec acquires remaining 40% stake in Golden Harvest
SINGAPORE: Acromec Limited has acquired the remaining 40% equity interest in Golden Harvest Engineering Pte Ltd for a cash consideration of S$0.55 million, completing its earlier 60% acquisition in 2016. Following ACROMEC’s acquisition of the remaining 40% stake, Golden Harvest will be a wholly-owned subsidiary of the Company. Golden Harvest is an engineering firm whose…
Elite Commercial REIT’S primary tenant UK government’s DWP in expansion mode
SINGAPORE: Elite Commercial REIT Management , the manager of Elite Commercial REIT provided an update on its primary tenant, the United Kingdom (UK) Government’s Department Of Work And Pensions (DWP)’s operations and activities, in light of recent developments in the UK. The portfolio of properties is facing an increase in demand for its office space,…
SGX and NSE India progress on NSE IFSC-SGX Connect
SINGAPORE: Singapore Exchange (SGX) and National Stock Exchange (NSE) of India have entered into a formal agreement to cement the key terms for operationalising the NSE IFSC-SGX Connect which will bring together international and Gujarat International Finance Tec-City (GIFT) participants to create a bigger liquidity pool for Nifty products in GIFT City. Both NSE and…
Keppel O&M secures two contracts worth approximately S$200 million
SINGAPORE: Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel AmFELS and Keppel Shipyard, clinched contracts worth approximately S$200 million combined. In the United States, Keppel AmFELS will be constructing a high-specification Trailing Suction Hopper Dredger (TSHD) for Manson Construction Co. The TSHD will be the first dredger built at Keppel…
Mermaid and ARV set up AI and robotics joint venture ‘ZeaQuest’ for subsea services
SINGAPORE: Mermaid Subsea Services and AI & Robotics Ventures Company Limited (ARV) set up artificial intelligence and robotics technology joint venture “ZeaQuest” to develop robotics and artificial intelligence (AI) technology to provide commercial subsea engineering services. The aim of this newly formed partnership is to develop robotics and artificial intelligence technology to provide commercial subsea…
Scentre Group prices $3.0 billion of subordinated hybrid notes
SINGAPORE: Scentre Group priced a US$3.0 billion (A$4.1 billion) subordinated hybrid note issue in the United States market. The hybrid note issue comprises: US$1.5 billion 60-year, non-call 6-year subordinated notes with a coupon of 4.75%; US$1.5 billion 60-year, non-call 10-year subordinated notes with a coupon of 5.125%. The hybrid notes have a 60-year maturity date…
SGX wins Best Exchange for FX at FX Markets e-FX Awards 2020
SINGAPORE: Singapore Exchange (SGX) has been named “Best Exchange for FX” at the FX Markets e-FX Awards 2020. The awards have been running for 18 years in recognition of the best-in-class in electronic FX trading globally. In 2018 and 2019, SGX won the “Best FX Exchange in Asia” and “Best FX Clearing House in Asia”…
Rapid digital transformation leader, Zudy announces Asian expansion
SINGAPORE: Zudy has announced the opening of Zudy Asia Pte Ltd based in Singapore to serve as Asia headquarters, expanding Zudy’s presence and providing in country consulting support to Zudy Asia’s customers. Zudy Asia will be led by CS Lim and Gaj Pasupathy. Lim brings extensive experience in helping organizations address their business challenges with…