SINGAPORE: Millennium & Copthorne Hotels Limited (M&C), City Developments Limited (CDL)’s wholly-owned hotel subsidiary, has entered into a Sale and Purchase Agreement to divest the Copthorne Orchid Hotel & Resort Penang in Malaysia for RM 75 million (approximately S$25 million). The divestment is in line with the Group’s strategy to extract value from its non-core…
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SGX welcomes Aedge Group Limited to Catalist
SINGAPORE: Singapore Exchange (SGX) today welcomed the listing of Aedge Group Limited on its Catalist under the stock code “XVG”. Aedge Group Limited opened at S$0.21. Aedge Group is a Singapore-based multi-services provider of a diverse range of services. It provides three principal services, namely (i) engineering services to various industries, such as oil &…
MOU signed to strengthen Singapore-China bond markets
SINGAPORE: Singapore Exchange (SGX) signed a Memorandum of Understanding (MOU) with China Central Depository & Clearing Co (CCDC) to strengthen and promote Singapore and China’s bond markets, a news release said. This is CCDC’s first comprehensive MOU of strategic cooperation with an international exchange, that covers the full lifecycle from issuance to settlement and custody.…
Lion-OCBC Securities Hang Seng TECH ETF lists on Singapore Exchange
SINGAPORE: Singapore Exchange (SGX) has welcomed the listing of Lion-OCBC Securities Hang Seng TECH ETF with assets under management of S$64 million, providing efficient access to the fastest-growing Chinese technology companies as retail demand for exchange-traded funds (ETFs) reaches a new high. The Lion-OCBC Securities Hang Seng TECH ETF is the second ETF listing by…
Stratasys Ltd to acquire Origin Inc in a $100 million deal
SAN FRANCISCO: Stratasys Ltd. signed an agreement to acquire 3D printing start-up Origin Inc. in a transaction for total consideration of up to $100 million, including cash and stock. The merger enables Stratasys to expand its leadership through innovation in the fast-growing mass production parts segment with a next-generation photopolymer platform. Subject to various approvals…
CapitaLand forms $300m joint venture to scale multifamily asset portfolio in USA
SINGAPORE: CapitaLand has formed a programmatic joint venture to scale its multifamily asset portfolio in the United States of America (USA), a news release said. Through the joint venture, CapitaLand will have a strategic arrangement with its joint venture partner to acquire and develop multifamily assets totalling US$300 million (S$416.1 million) in gross asset value.…
The Place Holdings enters into a strategic framework agreement with MCC Land
SINGAPORE: The Place Holdings Limited announced strategic framework agreement with MCC Land (Singapore) Pte. Ltd. that was established for a long term and mutually beneficial relationship in relation to potential and upcoming construction and development of residential and commercial property projects, projects management, as well as development and management of cultural tourism projects. Since 2016,…
Laos plans international offering of USD denominated notes
VIENTIANE: The Lao People’s Democratic Republic (Lao PDR) has announced that it is planning a possible international offering of new U.S. dollar denominated notes in December 2020, subject to market conditions. If such offering is for an aggregate principal amount of at least US$150 million Lao PDR will use part of the proceeds to redeem …
iFAST Corporation denied digital wholesale bank (DWB) licence
SINGAPORE: iFAST Corporation Ltd. notified that the digital bank consortium led by the group was not among the successful applicants awarded for a digital wholesale bank (DWB) licence announced by the Monetary Authority of Singapore (MAS) in the evening of 4 December 2020. As stated in MAS’ announcement, MAS will review whether to grant more…
Keppel launches inaugural Vietnam-focused real estate fund
SINGAPORE: Keppel Capital Holdings Pte. Ltd., in collaboration with Keppel Land Limited, has launched the Keppel Vietnam Fund, a Vietnam-focused real estate fund with a target fund size of US$600 million, a news release said. The Fund has achieved its first closing of US$400 million, includingco-investment commitment from a global institutional investor. Leveraging Keppel Land’s…
Global Esports Federation and Thomson X forge partnership
SINGAPORE: The Global Esports Federation welcomes Thomson X as Global Partner as part of its commitment to encourage active youth that focuses on the overall wellbeing and performance of athlete and players. The global partnership aims to lead the esports community through its Performance+wellness initiative–encouraging responsible esports and promoting optimized performance, wellness and balanced lifestyle.…
China Development Bank (CDB) lists onshore RMB bonds on Singapore Exchange
SINGAPORE: Singapore Exchange (SGX) has welcomed the onshore bond listings of China Development Bank (CDB), marking the first time that China onshore RMB bonds are being listed on the exchange. China Development Bank (CDB) is the world’s largest development finance institution, and China’s largest bank specialising in medium- to long-term lending and bond issuance. Since…