SINGAPORE: QBE Insurance Group announced that Richard Pryce will assume the role of Interim Group Chief Executive Officer while the search process for a permanent replacement is underway. With Mr Pryce assuming the role of Interim Group Chief Executive Officer, Mike Wilkins will nowreturn to his role as Non-Executive Chair of the Board. QBE Group…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Mapletree Logistics Trust extends footprint in Australia with A$114 million acquisition
SINGAPORE: Mapletree Logistics Trust Management Ltd. (MLTM), as Manager of Mapletree Logistics Trust (MLT), announced the proposed acquisition of Acacia Ridge Distribution Centre located at 338 Bradman Street, Brisbane, Queensland, Australia, at a property purchase price of A$114 million (approximately S$109.8 million) from Alset Australian Mid TC Pty Ltd. Following this Acquisition, MLT will have…
GSUM-Titanland becomes Accredited Issue Manager for SGX Mainboard listings
SINGAPORE: Singapore Exchange (SGX) has welcomed GSUM-Titanland Capital Pte Ltd (GSUM-Titanland) as a newly accredited Issue Manager for SGX Mainboard listings. GSUM-Titanland is a corporate finance advisory firm and an associate company of GSUM Fund Management. The company helps clients to raise funds globally through capital market solutions including REIT and Business Trust listings, company…
Capitaland Retail China Trust to issue S$100 million fixed rate perpetual securities
SINGAPORE: HSBC Institutional Trust Services (Singapore) Limited , in its capacity as trustee of CapitaLand Retail China Trust (CRCT), has priced S$100 million fixed rate subordinated perpetual securities. The Perpetual Securities will be issued under the S$1.0 billion Multicurrency Debt Issuance Programme established by the Issuer. The Perpetual Securities will have no fixed redemption date…
AC Energy to setup 70MWp solar farm in India
SINGAPORE: Ayala Corporation’s energy arm, AC Energy, continues to expand its renewables business in India with the development of the 70 MWp (50 MWac) Paryapt Solar through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific. The estimated US$36 million facility is expected to start power generation in the first half of…
Wilmar Ranked Top in Asia for Workers’ Rights
SINGAPORE: Wilmar International Limited (Wilmar) achieved the highest scores in Asia and is ranked top ten globally in the 2020 Benchmark Findings Report1 on the Food & Beverage sector published by KnowTheChain. The independent report evaluates and scores 43 of the world’s largest food and beverage companies based on policies and practices to address forced…
Glenmark introduces NINDANIB for treatment of Pulmonary Fibrosis in India
MUMBAI: Glenmark Pharmaceuticals, a research-led, global integrated pharmaceutical company, launched NINDANIB (Nintedanib 100 and 150 mg capsules) for the treatment of pulmonary fibrosis in India. Glenmark being a leader in the area of respiratory has been amongst the first to launch the branded generic version at an affordable cost for the treatment of Pulmonary Fibrosis…
Jason Marine Group exercises option to dispose of investment in Eemarine Gglobal inc.
SINGAPORE: Jason Marine Group Limited has exercised the Put Option to sell its entire eMarine Global (eMarine Investment) for KRW759 per share plus interest accrued on the aggregate consideration at a rate of 5.38% per annum for the period from 28 October 2011 to the date of exercise of the Put Option, in accordance with…
New Zealand Exchange and Singapore Exchange to explore global dairy derivatives partnership
WELLINGTON: New Zealand’s Exchange (NZX) and Singapore Exchange (SGX) have today signed a Heads of Agreement in relation to a global partnership to grow NZX’s dairy derivatives market together, a news release said. The non-binding agreement signed between both exchanges will explore the listing of NZX’s suite of dairy derivatives contracts on SGX’s trading and…
mDR Limited undergoes restructuring and pay cuts
SINGAPORE: mDR Limited has notified the Singapore Exchange that its four business segments have resumed operations amid restructuring and salary cuts. MDR’s business segments including After Market Services (AMS), Distribution Management Solutions (DMS), Digital Inkjet Printing for Out-Of-Home Advertising Solutions (DPAS) and Investment, some of which were temporarily closed during the Circuit Breaker Period in…
Keppel T&T divesting stake in Business Online Public Company for S$36 million
SINGAPORE: Keppel Telecommunications & Transportation Limited (Keppel T&T) is divesting its 24.01 percent equity interest in Business Online Public Company Limited (BOL) against a total cash consideration of S$36 million. Business Online Public Company Limited (BOL) is listed on the Stock Exchange of Thailand. Keppel is selling 20% equity interest to CTOS Holdings Sdn Bhd…
Optimism of improving market conditions spurs capital market fundraising at SGX
SINGAPORE: Singapore Exchange (SGX) Monday released its market statistics for September 2020. Optimism of improving market conditions spurred capital market fundraising, while uncertainties ahead of November’s U.S. elections boosted portfolio risk-management activity across asset classes. Total funds raised from equity and bond listings on SGX rose 63% year-on-year (y-o-y) in September to S$40.8 billion –…