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…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
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 –…
PT STP and Hendrix to jointly establish shrimp Broodstock Multiplication Centre in Indonesia
SINGAPORE: PT. Suri Tani Pemuka (PT STP), a subsidiary of PT Japfa Comfeed Indonesia, has entered into a joint venture agreement with Hendrix Genetics Aquaculture to establish a joint venture company that will own and operate a shrimp Broodstock Multiplication Centre (BMC) in Indonesia.
Addvalue partners with Aiot Chile to offer smart environmental monitoring solutions
SINGAPORE: Addvalue Technologies’ subsidiary Addvalue Communications Pte Ltd. has entered into a Teaming Agreement with AIOT Chile SpA (SmartDots), a Chilean company specializing in smart Internet-of-Things (IoT) solutions for the South America market. Addvalue Technologies will provide a smart satcom-based digital IOT/M2M solution, using Addvalue’s Satellite Terminal Sabre Ranger 5000 as the primary communication device…
Keppel secures S$600 million contract in the offshore renewable energy industry
SINGAPORE: Keppel Offshore & Marine Ltd (Keppel O&M) has secured a S$600 million contract from an energy company for the engineering, procurement and construction of a vessel for the offshore renewable energy industry. This is in line with Keppel Corporation’s Vision 2030, which includes seeking opportunities in providing renewable energy solutions. Keppel O&M is able…
Grand Venture Technology incorporates wholly-owned subsidiary in Malaysia
SINGAPORE: The Board of Directors of Grand Venture Technology Limited has incorporated a wholly-owned subsidiary in Malaysia known as Grand Venture Technology (Penang) Sdn Bhd (GVT PG). GVT PG was incorporated with an issued and paid-up share capital of MYR 3 (approximately S$1). The principal business of GVT PG will be that of manufacturing complex…
Suntec REIT enters London with £430.6 million acquisition of Nova Properties
SINGAPORE: Suntec REIT has entered into a sale and purchase agreement with Canada Pension Plan Investment Board to acquire a 50% interest in two Grade -A office buildings (Nova Properties) with ancillary retail for an agreed value of £430.6 million. The properties include Nova North, Nova South and The Nova Building or collectively known as…
Golden Agri-Resources forms new Brazilian subsidiary to enhance sugar trading business
SAO PAOLO: Golden Agri-Resources (GAR), one of the leading integrated palm oil producers in the world, is enhancing its sugar trading business by incorporating a fully owned subsidiary in Sao Paolo, Brazil: Golden Agri-Resources Brasil Sociedade Limitada Unipessoal (GAR Brazil). GAR’s European sales team identified complementary merchandising opportunities in sugar, aligned with its existing palm…
JSW Steel’s Periama Holdings plans $ billion international offering
SINGAPORE: Periama Holdings LLC, a wholly owned indirect subsidiaries of JSW Steel Limited, is considering conducting an international offering of U.S. dollar denominated senior notes in an aggregate principal amount of up to $1.0 billion. The Notes would be guaranteed by Periama Holdings. The proceeds of the issue will be used for repayment of part…