LONDON: Genus plc, an animal genetics company, announced that Stephen Wilson, currently Group Finance Director, has been appointed by the Board as Chief Executive with effect from the close of business on 13 September 2019. This follows the announcement of 25 March 2019 that Karim Bitar will be stepping down from the Board and taking…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Singtel Group prices US$750 million 10-year notes at 2.375%
SINGAPORE: Singtel announced that its wholly-owned subsidiary, Singtel Group Treasury Pte. Ltd. (SGT), has priced US$750 million of 10-year notes guaranteed by Singtel. The issue of notes attracted strong demand from a wide range of high quality investors. The order book closed after receiving interest of approximately US$2.7 billion and was 3.6 times oversubscribed by…
Sumitomo Life Insurance acquires AIARU Small Amount & Short Term Insurance Co
TOKYO: Sumitomo Life Insurance Company has acquired AIARU Small Amount & Short Term Insurance Co., as a subsidiary through a stock purchase on August 21, 2019, Customnews.pk reported. AIARU is a small-amount and short-term insurance company that flexibly develops and sells products in response to specific market needs. AIARU has developed a variety of unique…
Qatar Petroleum signs 5-year condensate feedstock sale to ExxonMobil
SINGAPORE: Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has recently concluded a 5-year sale agreement with ExxonMobil Trading Asia Pacific Pte. Ltd. (EXTAP), a division of ExxonMobil Asia Pacific Pte. Ltd. based in Singapore. Under the agreement, QPSPP will supply ExxonMobil’s Singapore Integrated Manufacturing Complex with a total of 6 million barrels…
Rex International updates business strategy
SINGAPORE: Rex International Holding Limited, a technology-driven oil company, updates its business strategy going forward, after achieving a record profit net of tax of approximately US$26.29 million for the quarter ended 30 June 2019, following the Group’s sales of interests in certain assets in Norway. Rex’s war chest has been bolstered by the same transaction,…
CIMIC’S CPB Contractors wins $424mn Campbelltown hospital project
SINGAPORE: CIMIC Group Company CPB Contractors has been selected by the NSW Government to deliver the Campbelltown Hospital Redevelopment Stage 2 project. The NSW Government funded project will generate revenue of $424 million to CPB Contractors. Construction has commenced and is expected to be complete by mid-2023. CIMIC Group Chief Executive Officer Michael Wright said:…
Group CEO of BreadTalk resigns
SINGAPORE: Chu Heng Hwee would resign as the Group Chief Executive Officer of BreadTalk Group Limited with effect from 31 December 2019. The The Board of Directors of BreadTalk Group Limited would like to express its appreciation to Chu for his contribution during his tenure as the Group Chief Executive Officer of the Company. Upon…
CPB Contractors secures NZ$221mn Auckland Airport works
SINGAPORE: CIMIC Group’s company CPB Contractors has reached contractual close to deliver Auckland Airport’s Taxiway Mike and Remote Stands Stage 2 project, a critical component in the facility’s major capital works program, a release issued to Singapore Exchange (SGX) noted. The project is expected to be completed by October 2021, and will generate revenue to…
Oisix ra daichi establishes Future Food Fund
TOKYO: Oisix ra daichi Inc. has announced the establishment of Future Food Fund Inc., an investment-management subsidiary to promote corporate venture capital aimed at investing in start-up companies specializing in the food field. Oisix ra daichi launched Food Tech Fund, an investment division specializing in food-tech-related investments and alliances in October 2016, to advance solutions…
Sistema becomes shareholder of pharmaceutical businesses Sintez and Biocom
MOSCOW: Sistema, a publicly traded diversified Russian holding company, has completed the acquisition, together with a financial partner, of a 46.5% equity stake in Sintez Kurganskoe Medical Products Company (Sintez) and a 75.1% equity stake in Biocom, through holding company Sinocom Investments Limited (Sinocom), from investment firm Marathon Group for a consideration of RUB 11.8…
Eight Capital Partners acquires €2 million receivables
LONDON: Eight Capital Partners has completed the acquisition of a €2 million receivable as outlined in its announcement of 1 June 2019 Notice of AGM. Finance Partners Group (FPG) is an Italian financial services company that, among other things, takes minority stakes in private companies seeking future listings on public markets. Its main holding is…
NQ Minerals makes further investment in Tasmania Energy Metals
LONDON: NQ Minerals Plc has made a further strategic investment in private Tasmanian mining company, Tasmania Energy Metals to enhance the company’s operations and prospects, a release issued to London Stock Exchange (LSE) noted. As previously announced, NQ Minerals and Tasmania Energy Metals entered into a convertible loan instrument for £150,000 where NQ Minerals could…