SINGAPORE: Singapore Exchange (SGX) is collaborating with UK-based cryptocurrency market data provider CryptoCompare, to launch crypto indices under the SGX iEdge index suite, namely the iEdge Bitcoin Index and iEdge Ethereum Index, as the first batch of such indices. “As the world moves swiftly towards digitalisation in the creation and accumulation of wealth, digital assets…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
SGX, in collaboration with HSBC and Temasek, completes pilot digital bond for Olam International
SINGAPORE: Singapore Exchange (SGX), working together with HSBC Singapore and Temasek, has completed its first digital bond issuance on SGX’s digital asset issuance, depository and servicing platform, successfully replicating a S$400 million 5.5-year public bond issue and a follow-on S$100 million tap of the same issue by Olam International. An Asia first for a syndicated…
SGX and GF Securities to promote greater connectivity between Singapore and China’s capital markets
SINGAPORE: Singapore Exchange (SGX) has signed a Memorandum of Understanding (MOU) with GF Securities Corporation, one of the leading securities brokerage houses in China, to promote greater connectivity between Singapore and China’s capital markets. The MOU was announced at the 11th Singapore-Guangdong Collaboration Council meeting co-chaired by Singapore’s Minister for Transport Ong Ye Kung and…
Aurizon successfully prices A$ medium term notes
SINGAPORE: Aurizon announced it has successfully priced another issuance under its Aurizon Network Pty Ltd (Aurizon Network) A$ Debt Issuance Program. The A$500 million 10-year notes will be issued at a fixed coupon of 2.9% per annum, pricing at 210 basis points over the 10-year swap rate. Settlement of the issuance is expected to take…
Envictus International appoints liquidator to wind-up subsidiary in New Zealand
SINGAPORE: The Board of Directors of Envictus International Holdings Limited announced that Stephen Mark Lawrence of PKF Corporate Recovery & Insolvency has been appointed as the liquidator for the voluntary winding-up of Naturalac Nutrition Limited (NNL), a wholly-owned indirect subsidiary of the Company incorporated in New Zealand. The Liquidation was undertaken as NNL had ceased…
Xero to acquire invoice lending platform Waddle for a total of AUD $80 million
SINGAPORE: Xero Limited has announced the acquisition of Waddle, a cloud-based lending platform that helps small businesses access capital through invoice financing. With an upfront cash payment of AUD $31 million and subsequent earnout payments based on product development and revenue milestones, of up to AUD $49 million, the total potential consideration for the purchase…
OIO Holdings secures blockchain consulting contract from Moonstake
SINGAPORE: OIO Holdings Limited has secured business strategy and IT consulting contract worth $1 million with Moonstake Pte Ltd to further develop more staking opportunities for users on its platform, one of the latest innovations in the blockchain industry. Moonstake appoints OIO to work on extensive improvements to the user experience and user interfaces (UI/UX)of…
SGX, FTSE Russell sign long-term strategic partnership across asset classes
SINGAPORE: Singapore Exchange (SGX), Asia’s leading international multi-asset exchange and FTSE Russell, a global index, data and analytics provider, have signed an agreement to strategically broaden and deepen their long-term partnership to deliver new Asian multi-asset solutions. Building on their long partnership history in Asia and successful track record in existing products, SGX and FTSE…
Spackman Entertainment selling its stake in Spackman Media Group
SINGAPORE: Spackman Entertainment Group Limited has entered into a non-binding memorandum of understanding (MOU) with Spackman Equities Group (SQG), pursuant to which the Company intends to sell the its entire interest in Spackman Media Group Limited to SQG. Spackman Equities Group (SQG) is an investment company that selectively invests into growth companies that possess proprietary…
Cathay Pacific reports substantial capacity reductions due to reduced demand, travel restrictions
SINGAPORE: The Cathay Pacific Group released its combined traffic figures for July 2020 that reflected the airlines’ continued substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and quarantine requirements in place in Hong Kong and other markets amid the ongoing global COVID-19 pandemic. Cathay Pacific and Cathay Dragon carried…
Mitsubishi and Development Bank of Japan to invest in venture capital fund supported by Airbus
TOKYO: Mitsubishi UFJ Lease & Finance Company Limited announced that it has, together with Development Bank of Japan Inc. and Fuyo General Lease Co., Ltd., signed an investment agreement with Airbus Ventures Fund III LP, a venture capital fund launched by Airbus Ventures. This is the first time that investment in the Fund is made…
Merimen expands its SaaS insurance ecosystem platform business into Japan and UAE
SINGAPORE: Merimen Ventures Sdn. Bhd., the insurance processing wholly-owned subsidiary of Silverlake Axis Ltd, has expanded its presence to East Asia and the Middle East, a news release said. Merimen has established its offices in Tokyo, Japan as well as in Dubai, United Arab Emirates (UAE) by incorporating the wholly-owned subsidiaries, Merimen Technologies Japan K.K….