SINGAPORE: Keppel Corporation Limited has identified assets with a total carrying value of approximately S$17.5 billion based on the Group’s balance sheet as at 30 June 2020 that can potentially be monetised over time and channeled towards growth initiatives. Dr Lee Boon Yang, Chairman of Keppel Corporation said, “The Board and Management are committed to…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Rex appoints ABG Sundal Collier to review financing options for development in Oman
SINGAPORE: Rex International Holding Limited has appointed Nordic independent investment bank ABG Sundal Collier ASA as financial adviser and intermediary to review non-dilutive financing options for Rex’s 86.37 percent subsidiary Masirah Oil Ltd, a news release said. ABG Sundal Collier will advise, among others, on the structure, timing and organisation of a possible bond financing….
Tritech develops an AI-based data analytics system
SINGAPORE: Tritech Group Limited, a leading engineering and water-related and environmental group, has developed a Big Data and Artificial Intelligence (AI) platform for both engineering and water-related and environmental business, i.e. ADAS, an AI-based data analytics system . Globalization, demographic shifts, data explosion, technologies disruption, climate change, redefined jobs and complexity are the trends shaping …
Julius Baer places $350 million AT1 securities in Asia, Europe
ZURICH: Julius Baer Group has successfully placed perpetual non-cumulative Additional Tier 1 (AT1) securities in a $350 million transaction with private banks and institutional investors in Asia and Europe, a news release said. The transaction will help to optimise Julius Baer Group’s capital structure and flexibility. The securities carry a coupon of 4.875%, payable semi-annually,…
iX Biopharma secures TGA GMP licence for its testing laboratory
SINGAPORE: iX Biopharma Ltd announced that its wholly-owned subsidiary, iX Syrinx has obtained the Good Manufacturing Practice (GMP) licence issued by the Therapeutic Goods Administration (TGA) of Australia for its testing laboratory located within its facility in Victoria, Australia. As part of the Group’s GMP processes, every batch of raw material and finished product is…
Olam secures Singapore’s first SORA-pegged club loan with DBS and ICBC
SINGAPORE: Food and agri-business Olam International Limited (Olam) has secured Singapore’s first club loan pegged to the Singapore Overnight Rate Average (SORA) with DBS Bank (DBS) and Industrial and Commercial Bank of China, setting the pace for the industry’s future syndicated SORA loans. The SGD200 million one-year committed revolving credit facility is also the industry’s…
Sasseur REIT shines at the Asia Pacific Best of the Breeds REITs Awards 2020
SINGAPORE: Sasseur Real Estate Investment Trust (Sasseur REIT) has clinched, for the second consecutive year, three top awards – Best Retail REIT (Platinum), Best CEO (Platinum) and Best Investor Relations (Platinum) – for REITs under US$1 billion market capitalisation at The Asia Pacific Best of the Breeds REITs Awards 2020. The judging criteria for the…
Tan Huchuan appointed as Group Chief Executive Officer of CITIC Envirotech
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…
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…