SINGAPORE: Cromwell European Real Estate Investment Trust (CEREIT) has maintained its ‘Green Star’ status and achieved a score of 73 in the Global Real Estate Sustainability Benchmark (GRESB) in 2020, scoring higher than the GRESB average and peer average scores of 70 and 69, respectively. CEREIT’s score increase of 9% year-on-year (Y-o-Y), compared to its…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
MOL commences two new agrochemicals plants
SINGAPORE: Meghmani Organics Limited (MOL) has commenced Commercial production of the following two plants on 25th November, 2020: (1) Herbicide 2, 4D Acid Plant at GIDC, Dahej – District Bharuch The Cost of setting up the Herbicide 2, 4 D Acid with an annual capacity of 10,800 MTs is Rs. 127 Crore. MOL expects to…
FLCT tops GRESB sustainability rankings for the third consecutive year
SINGAPORE: Frasers Logistics & Commercial Trust (FLCT) has been named ‘Industrial – Global Listed Sector Leader’ by Global Real Estate Sustainability Benchmark (GRESB), the global environmental, social and governance (ESG) benchmark for real estate, in its 2020 Real Estate Assessment. This marks the third consecutive year that the industrial portfolio of FLCT has been recognised…
SGX welcomes the listing of Nikko AM’s ETF benchmarked to premier ChinaBond-ICBC RMB Bond Index
SINGAPORE: Singapore Exchange (SGX) has welcomed the listing of NikkoAM-ICBCSG China Bond ETF, providing global investors with another unique opportunity to capitalise on the world’s second largest fixed income market that is fast growing in size and foreign participation. Launched by one of Asia’s largest asset managers, Nikko Asset Management (Nikko AM), and the Singapore…
Keppel Corporation announces leadership renewal for key business units
SINGAPORE: Keppel Corporation Limited (Keppel) has announced leadership changes at a few of its key business units, as part of the Group’s succession planning and leadership renewal. The next generation leaders are part of the team that formulated Keppel’s Vision 20301 and will lead the respective business units as they collaborate in pursuit of the…
AC Energy Inc. changes corporate name to AC Energy and Infrastructure Corporation
SINGAPORE: Ayala Corporation has announced the Securities and Exchange Commission has approved the change of name of AC Energy Inc. to AC Energy and Infrastructure Corporation. AC Energy and Infrastructure Corporation (ACEIC), a wholly-owned subsidiary of Ayala Corporation, received on 19 November 2020, a copy of the certification of the Philippine Securities and Exchange Commission…
SGX seeks public comment on default management process
SINGAPORE: Singapore Exchange (SGX) is consulting the market on the process to manage outstanding securities transactions should a clearing member be in default. The proposal will align the Central Depository (CDP) default management practices with global default management practices, and improve the efficiency and speed with which defaults may be resolved. This in turn will…
CapitaLand unveils business transformation framework “The Next 20”
SINGAPORE: As CapitaLand marks the 20th anniversary of its listing on Singapore Exchange Securities Trading Limited this month, the Group is honouring the deep-rooted stakeholder relationships built over the last two decades by unveiling its new business transformation framework “The Next 20” (TN20). TN20 is built on three core tenets of People, Sustainability and Digitalisation,…
Sumitomo Life and SBI Investment jointly establish a corporate venture capital fund
SINGAPORE: Sumitomo Life Insurance Company and SBI Investment Co. Ltd. jointly established a corporate venture capital (CVC) fund, Sumisei Innovation Fund to accelerate new value creation through open innovation. With the aim of being an “indispensable insurance company” for customers and society, Sumitomo Life has accelerated business co-creation with start-ups through making investments in venture…
Asiatic Group move to arbitration with Phnom Penh Special Economic Zone for $14.4 million
SINGAPORE: Asiatic Group (Holdings) Limited’s subsidiaries, Colben System Pte Ltd and Colben Energy Holdings (PPSEZ) Limited, commenced arbitration proceedings against Phnom Penh Special Economic Zone Plc (PPSEZ) for a minimum of US$14.4 million in relief with regard to a dispute in connection with a power plant project in Cambodia. Asiatic Group’s position is that PPSEZ…
CapitaLand secures green loans in India totalling INR 17 billion for its business park developments
SINGAPORE: CapitaLand has secured its first three green loans in India, totalling INR 17 billion (S$323 million) from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India). The three green loans mark CapitaLand’s first foray in sustainable finance in India. Proceeds from the green loans will be used…
CapitaLand Retail China plans S$300 million equity fundraising to finance acquisitions
SINGAPORE: CapitaLand Retail China Trust Management Limited, manager of CapitaLand Retail China Trust (CRCT) has planned an equity fundraising comprising an offering of new units in CRCT to raise gross proceeds of S$300 million. CapitaLand has proposed a private placement of 184.41 million new units to institutional and other investors at an issue price of…