SINGAPORE: BW LPG Limited announced that Maas Capital Shipping B.V. has entered into an agreement to acquire a minority stake in BW LPG India, a subsidiary of the company. Following this transaction, BW LPG will own approximately 67% in BW LPG India. BW LPG India is the largest owner and operator of India-flagged Very Large…
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Jadestone Energy signs Akatara gas sales agreement with PLN
SINGAPORE: Jadestone Energy announced that a gas sales agreement (GSA) for the Akatara field, located within the Lemang production sharing contract (PSC), was signed today at an industry conference in Indonesia, a news release noted. Paul Blakeley, President and CEO commented: “Reaching this key milestone less than 12 months after closing the acquisition of our…
UnUsUaL enters joint venture targeting the NFT market
SINGAPORE: UnUsUaL Development Pte. Ltd., a wholly owned subsidiary of UnUsUaL Limited, has entered into a strategic partnership to expand into the fast-growing NFT market. UnUsUaL will jointly incorporate a new entity, FunBase Pte. Ltd. with Season Culture Pte. Ltd. and a third party angel investor. UnUsUaL will hold 30% of the equity interest in…
Deskimo to expand in Hong Kong following $3mn seed round
HONG KONG: Deskimo, a Singapore-based workspace startup, plans to add 10 more spaces in Hong Kong by the first quarter of 2022. Since entering the market in July this year, Deskimo said it currently has over 40 locations in its local network in the city. “The pandemic has transformed the way people work and how…
HUTCHMED selected for certain Hang Seng Indexes
HONG KONG: HUTCHMED (China) Limited announced that HUTCHMED has been selected as a constituent stock of several indexes administered by Hang Seng Indexes Company Limited, including the Hang Seng Composite Index, in accordance with the latest index series release by Hang Seng, with effect from Monday, September 6, 2021. The Hang Seng Composite Index offers…
Jadestone Energy satisfies all conditions for Malaysia Acquisition
SINGAPORE: Jadestone Energy plc announced the satisfaction of all conditions required to complete its proposed acquisition of the Peninsular Malaysia assets of SapuraOMV Upstream Sdn. Bhd., including receipt of PETRONAS approval. Jadestone and SapuraOMV will now proceed to complete the transaction, which will entail Jadestone paying the headline consideration of US$9 million, subject to agreed…
Singtel’s subsidiary Optus Satellite incorporates subsidiary in Australia
SINGAPORE: Singtel’s wholly owned subsidiary, Optus Satellite Pty Limited has incorporated a wholly owned subsidiary in Australia known as Optus Space Systems Pty Limited. Optus Space has an issued and paid-up capital of A$2 and its principal activity is provision of satellite telecommunications services. The directors of Optus Space are Kevin Kilraine and Benjamin White.…
JSW Steel is not bidding to buy Liberty Steel’s assets
MUMBAI: JSW Steel Limited has refuted the reports regarding bidding to buy Liberty Steel’s assets in UK. “It is hereby clarified that such reports stating about the JSW Steel’s interest in bidding/buying Liberty Steel’s assets are not only speculative but also misleading and mischievous”. JSW Steel Ltd. is the flagship company of the JSW Group…
Mapletree Industrial Trust acquiring $1.32 billion data centre portfolio in the United States
SINGAPORE: Mapletree Industrial Trust (MIT) has entered into a purchase and sale agreement to acquire 29 data centres located across 18 states in the United States at a purchase consideration of $1.32billion from Sila Realty Trust Inc., a news release said. As the world’s largest and most established data centre market, United States accounted for…
NZX and SGX form partnership to promote dairy derivatives market
AUCKLAND: New Zealand’s Exchange (NZX) and Singapore Exchange (SGX) have formed a strategic partnership to unlock and accelerate growth potential of NZX’s dairy derivatives, a news release said. This partnership brings together the complementary capabilities of the NZX and SGX to scale up market distribution and liquidity in the global dairy derivatives markets. It will…
PropNex announces S$1.0 million acquisition of Ovvy – The People Marketplace
SINGAPORE: PropNex Limited’s wholly-owned subsidiary, PropNex Grandeur Homes has entered into a share sale and purchase agreement with, amongst others,TB6 Pte. Ltd. and Rapzo Capital Pte. Ltd. to acquire70% of the issued and paid-up capital of Ovvy Pte. Ltd. The consideration payable by PropNex will be S$1.0 million, of which 35% will be paid to…
Trendlines to seek dual listing and shares offering on TelAviv Stock Exchange
MISGAV, ISRAEL: The Trendlines Group Ltd. has planned to seek a dual primary listing of its ordinary shares on the Tel-Aviv Stock Exchange (TASE) in Israel, a news release suggests. The Trendlines Group considers that the Proposed TASE Listing will be beneficial for the Company, and in the interests of the shareholders of the Company,…