Ascential plc acquires Intrepid E-Commerce for up to $250mn

LONDON, UK: Ascential plc (LSE: ASCL.L) has acquired Intrepid E-Commerce Services Pte. Ltd., a provider of eCommerce execution services to brands in South East Asia, a statement noted. The acquisition is for an initial cash consideration of US$57m, plus deferred consideration payable over four years, contingent on meeting certain financial targets, resulting in an estimated…

SGX welcomes the listing of Phillip SGD Money Market ETF, the first of its kind in South East Asia

SINGAPORE: Singapore Exchange (SGX) has welcomed the listing of Phillip SGD Money Market ETF, a new treasury and cash management tool for institutional investors as well as a timely alternative investment solution for individual investors to manage their ready cash efficiently. Managed by Phillip Capital Management, the fund invests in short term, high quality money…