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,…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
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…
CapitaLand Mall Trust secures its first sustainability-linked loan of S$200 million from UOB
SINGAPORE: CapitaLand Mall Trust Management Limited (CMTML), the manager of CapitaLand Mall Trust (CMT), and United Overseas Bank Limited (UOB) announced that UOB has converted a S$200 million revolving credit facility extended to CMT into a sustainability-linked loan. This is CMT’s first sustainability-linked loan, of which proceeds will be used for general corporate purposes. UOB…
Alliance Healthcare signs business collaboration agreement with DBS Bank
SINGAPORE: Alliance Healthcare Group Limited’s wholly-owned subsidiary, Alliance Healthcare Pte. Ltd. has signed an agreement with DBS Bank Ltd pursuant to which Alliance and DBS shall collaborate for an initial term of two years to engage in joint marketing activities to promote each other’s products, services and/or platforms. The Board of Alliance Healthcare Group believes…
Hong Lai Huat Group enters MoU with Denmark based SKIOLD on an intended $1bn collaboration
SINGAPORE: Hong Lai Huat Group Limited has entered into a non-binding Memorandum of Understanding (MoU) with Denmark based SKIOLD on an intended collaboration for a proposed Cambodia-Singapore Agriculture Special Economic Zone with an estimated investment value of USD 1 billion. The signing of the MoU was witnessed by The Ambassador of Denmark to Singapore H.E….
Parkway Life REIT joins FTSE EPRA NAREIT Global Developed Index
SINGAPORE: Parkway Trust Management Limited, as manager of Parkway Life Real Estate Investment Trust (PLife REIT), announced that PLife REIT will be included in the FTSE EPRA NAREIT Global Developed Index after the close of business on 18 September 2020. Yong Yean Chau, Chief Executive Officer of the Manager, said: “It is a significant milestone…
MindChamps partner Success Resources to launch its franchise model in Australia
SINGAPORE: MindChamps PreSchool Limited (MindChamps) through its wholly owned subsidiary, MindChamps Early Learning Australia Pty Limited, continues to expand its footprint in Australia with a new partnership with Success Resources Ventures Pty Ltd (Success Resources). Under this partnership, Success Resources, Australia’s largest events promoter with speakers such as Tony Robbins and Sir Richard Branson, will…