Markets & Investing
SGX RegCo alters two voluntary delisting rules
SGX RegCo alters two voluntary delisting rules
Offerors and concert parties must abstain from voting on the delisting resolution.
Court convicts three individuals for insider trading
The individuals carried out a front-running arrangement over a seven-year period, resulting in profits of $8.07m.
Daily Briefing: Dyson founder snaps up Singapore's priciest apartment for $73.8m; Logistics startup Ezyhaul bags $21.8m in series B funding
And fintech Asenso Tech secures $1.6m investment.
Prime US REIT launches IPO to raise $1.1b
IPO is priced at $1.20 per unit.
Dragon Group seeks clarification for proposed exit offer
Its controlling shareholder is still working on a cash exit offer pursuant to the firm’s delisting.
Half of SMEs still ineligible for financing in 2018
Poor cash flow and low annual revenue stall their opportunities.
MAS mulls changes to S-REIT leverage limits
REITs may soon be able to take on more leverage if they meet the minimum ICR.
Daily Briefing: Talent war heats up amidst virtual bank race; Audio recording will soon be allowed inside taxis
And check out these non-tech banking jobs that pay out over $10,000 after just three years.
REITs and tech firms drive Singapore's M&A frenzy
Over 10 companies that have been privatised or in the process of being bought out YTD.
Toy designer Mighty Jaxx raises $2.15m pre-investment funds
It will be used to develop a blockchain-powered, machine learning ecosystem.
Golden Equator Capital raises $122.11m for two funds
This will finance the growth capital of an undisclosed public listed company and focus on infrastructure, energy, and finance.
CapitaLand sells stake in Central China Real Estate for $496m
The deal comprises 658,116,228 issued and paid-up shares.
CapitaLand completes buy for Temasek's Ascendas-Singbridge
The group is now one of the region’s largest real estate groups with over $123b of AUM.
Daily Briefing: Temasek buys 21.7% stake in LF Logistics for $405.8m; Insurtech startup Gigacover bagged undisclosed funding to expand to SEA
And Mediacorp launches a new Chinese digital portal.
SGX unveils portfolio compression service for listed derivatives
The risk-reduction technique enables participants to lower capital costs and reduce open positions of derivatives.
Daily Briefing: $750,000 grant launched for early-stage drug projects; Temasek joins US digital manufacturing firm's $352.2m funding
And the government has set up a Digital Industry Singapore (DISG) office.
Singaporeans most knowledgeable amongst Asian investors in sustainable investing
46% already have allocated 10-25% of their investments to SI.