SINGAPORE: Biolidics Limited has entered into a licensing agreement with Accelerate Technologies Pte Ltd to use Accelerates technology for the detection of COVID-19. Accelerate is the commercialization arm of the Agency for Science, Technology and Research (A*STAR). Pursuant to the Agreement, Accelerate has granted the Company non-exclusive worldwide rights to use the technology for the…
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Corporate Sector, Industry, Singapore Exchange, News Releases
Jaguar Land Rover sales significantly impacted by Covid-19
WHITLEY: Jaguar Land Rover retail sales for the three-month period to 30 June 2020 were significantly impacted by Covid-19 in line with the unprecedented market conditions, but improved month-on-month through the quarter. June retail sales were 35,334 vehicles, down 24.9% year-on-year, but representing an improving monthly trend within the overall quarter, with total sales of…
Olam secures third medium-term Samurai loan facility of JPY 25 billion
SINGAPORE: Leading global food and agri-business, Olam International announced that its wholly owned subsidiary, Olam Treasury Pte. Ltd. (OTPL), has secured a medium-term samurai loan facility aggregating JPY 25 billion in the Japanese market. N Muthukumar, Managing Director and Group CFO of Olam said: “We are extremely pleased to return to the Japanese loan market…
SGX reports market statistics for June 2020
SINGAPORE: Singapore Exchange (SGX) released its market statistics for June 2020. Global financial and commodity markets reflected optimism from the reopening of major economies, even as concern that new COVID-19 infections could stymie growth continued to drive demand for risk management. Total securities market turnover value on SGX rose 74% year-on-year (y-o-y) in June to…
SGX Orb Awards focuses on resilience of financial markets
SINGAPORE: Singapore Exchange (SGX) launched the third edition of its annual SGX Orb Awards to recognise excellence in financial journalism and content. Continuing the theme of “Connecting Perspectives and Inspiring Conversations,” this year’s special category focuses on the resilience of financial markets amid the COVID-19 pandemic. The coronavirus outbreak has exacerbated a backlash against globalisation,…
Hitachi ABB Power Grids Ltd commences operations
TOKYO: In accordance with the agreement signed on December 17, 2018, Hitachi Ltd. and ABB Ltd announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Hitachi has an 80.1 percent stake in this new joint venture entity (which has business volume of approximately 10 billion USD)…
Indian conglomerate, S Lad Group proposes strategic business collaboration and acquisition of BlackGold
SINGAPORE: BlackGold Natural Resources Limited announced that it has received a letter of intent (LoI) from S Lad Group for a proposed strategic collaboration on the Group’s mining assets and an acquisition of the Company. The LOI is intended to be a basis for further negotiations between the Company and S Lad Group and does…
Tata Motors registers 82% decline in domestic sales to 23,845 units in Q1 FY21
MUMBAI: Tata Motors Limited announced its sales in the domestic & international market, for Q1 FY21, which stood at 25,047 vehicles, compared to 137,545 units during Q1 FY20. Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Amidst subdued demand environment, Q1 was marked by successful transition to BSVI across the range…
SGX to introduce SGX FTSE Taiwan Index futures
SINGAPORE: Singapore Exchange (SGX) is introducing a futures contract on the FTSE Taiwan RIC Capped Index (FTSE Taiwan) to enable global investors to gain exposure to a broad representation of large and mid-capitalisation Taiwan stocks, while meeting fund managers’ diversification objectives. The SGX FTSE Taiwan Index futures contract will be launched on 20 July 2020….
Frasers Centrepoint to acquire additional 12% interest in AsiaRetail Fund for S$197.2 million
SINGAPORE: Frasers Centrepoint Asset Management Ltd. as the manager of Frasers Centrepoint Trust (FCT), announced that FCT Holdings (Sigma) Pte. Ltd., a wholly owned subsidiary of FCT, has exercised its rights of pre-emption under the Bye-laws of PGIM Real Estate AsiaRetail Fund Limited (ARF) to acquire an aggregate of 12.07% of the capital in ARF…
UAC Energy improves and declares wholly unconditional its tender offer for Infigen Energy
SINGAPORE: UAC Energy Holdings Pty Ltd (UAC), an affiliate of AC Energy, has lodged a Supplementary Bidder’s Statement with the Australian Securities and Investments Commission (ASIC) in relation to its off-market takeover bid for all the stapled securities in Infigen Energy Limited. UAC announced in the bidder’s statement that it is increasing its offer price…
Takeda assesses financial impact from Novartis’ withdrawal of marketing authorisation application for Xiidra
OSAKA: Takeda Pharmaceutical Company Limited announced the anticipated financial impact from Novartis Europharm Limited’s withdrawal of the Marketing Authorisation Application (MAA) for Xiidra in Europe, as posted on the European Medicines Agency’s website on June 26, 2020. Xiidra is the first and only prescription treatment approved by the U.S. Food and Drug Administration for both…