HONG KONG: Yanlord Land Group Limited announced that its wholly-owned subsidiary, Yanlord (China) Investment Group Co., Ltd., has entered into an investment agreement with an affiliate of GIC Private Limited (GIC), Singapore’s sovereign wealth fund, to form an investment platform to co-invest in residential projects in China. The Cooperation Program entails a total investment of…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
SGX pioneers Asia’s first international REIT futures
SINGAPORE: Singapore Exchange (SGX) is pioneering Asia’s first international real estate investment trust (REIT) futures based on indices tracking diverse REITs listed in Singapore, Hong Kong, Malaysia and Thailand, on the back of rising global investor demand for real estate related investment products and trading solutions, a news release said. SGX – Asia’s most diversified…
Singapore’s EDBI makes strategic investment in Vesta Corporation to help expansion across Asia Pacific
SINGAPORE: Vesta Corporation, a fintech pioneer in fraud protection and fully guaranteed payment technologies, has secured a strategic investment from EDBI, a global Asian-based investor, a news release said. This investment, along with a strategic alignment with EDBI, will accelerate the company’s momentum and efforts to expand its fraud and approval enhancement platform across Asia…
Thakral acquires its tenth site to expand over-50s lifestyle resorts portfolio in Australia
SINGAPORE: Thakral Corporation Ltd has acquired 13.4 hectares of prime land in New South Wales, Australia, through its GemLife joint venture for the development of over-50s lifestyle resorts, a news release said. GemLife is a 50-50 joint venture with the established Puljich family who has a 30-year award-winning track record to build and run retirement…
SGX reports FY2020 net profit of S$472 million
SINGAPORE: Singapore Exchange (SGX) reported FY2020 net profit of S$472.0 million (S$391.1 million), with revenues of S$1,052.7 million (S$909.8 million). EBITDA stood at S$655.7 million (S$523.5 million), while earnings per share was 44.1 cents (36.5 cents). The Board of Directors has proposed a final quarterly dividend of 8.0 cents per share, payable on 9 October…
SGX welcomes Singapore Paincare Holdings Limited to Catalist
SINGAPORE: Singapore Exchange (SGX) today welcomed Singapore Paincare Holdings Limited to its Catalist under the stock code “FRQ”. Singapore Paincare Holdings Limited opened at S$0.22 today. Singapore Paincare Holdings is a medical services group at the forefront of providing accessible pain care treatment in Singapore. It focuses on the treatment of patients suffering from chronic…
Citicode proposes to acquire Livingstone Health for up to S$72 million
SINGAPORE: Citicode Ltd. intends to acquire homegrown Livingstone Health Ltd. for up to S$72.0 million. Upon completion, the transaction will constitute a reverse takeover (RTO) which will mark a new phase of transformation of the former Advance SCT Limited under the new leadership of its Executive Chairman and CEO, Mr Teh Wing Kwan and propel…
Oman Insurance Company completes 100% acquisition of Dubai Starr Sigorta
DUBAI: Oman Insurance Company has completed 100% acquisition of its subsidiary, Dubai Starr Sigorta A.S.by obtaining additional 49% of issued and outstanding share capital. In 2012, Oman Insurance Company bought 51% stake in Dubai Starr Sigorta which was an auto agency based in Istanbul, Turkey with operations in Ankara, Izmir and Bursa. The company, under…
ACRA and SGX emphasize importance of high-quality financial statements amid COVID-19
SINGAPORE: The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) emphasise the importance of high-quality financial statements that adequately reflect issuers’ current financial position to investors amid the ongoing COVID-19 situation. SGX RegCo today published a Regulator’s Column to highlight key areas that issuers should exercise care in when preparing their…
BCPG, Keppel DHCS and Team Group consortium secures district cooling system contract in the heart of Bangkok
BANGKOK: A consortium comprising Thai renewable energy company, BCPG Public Company Limited; Singapore’s Keppel DHCS and TEAM GROUP of Thailand, is awarded a S$329 million contract by the Property Management of Chulalongkorn University (PMCU) for a District Cooling System (DCS). The consortium partners aim to form a joint venture (JV) to design, build, operate and…
AEM Holdings acquires California-based DB Design Group
SINGAPORE: AEM Holdings Ltd has acquired 100% stake in California-based DB Design Group Inc, a news release said today. DB Design is a world-renowned supplier of automation fixtures, device kits, and other test-related products. It has over 30 years of experience in delivering turnkey solutions for virtually all major semiconductor test and handling systems. DB…
Keppel’s M1 Limited sells entire stake in Kliq for S$1.4 million
SINGAPORE: Keppel Corporation Limited announced that M1 Limited is divesting its entire 51% shareholding in Kliq Pte. Ltd. to Merchantrade Asia and Qala Tech for an aggregate cash consideration of S$1.4 million. Completion of the divestment is conditional upon, among others, receipt of approval from regulatory authorities. The aggregate consideration will be fully payable in…