Markets & Investing
Retail startup Trax looks to raise US$1.1b
Retail startup Trax looks to raise US$1.1b
The moves come as Trax is planning for an IPO in the next 18 to 24 months.
Utico offers part cash redemption to Hyflux investors
Small investors of up to $3,000 could get 50% cash redemption.
SGX greenlights Alliance Mineral Assets' additional share listing
The proceeds will be used for upgrades at its processing facilities in Western Australia.
Vibrant Group to sell Sabana REIT stake
The net proceeds will be used to conduct a partial redemption of the Series 003 $66m 7.5% notes due 2020.
Allied Technologies kills $130m deal with Lim Yew Ming
It will no longer buy Aik Chuan Construction and its subsidiaries.
Daily Briefing: Smart wearables startup KaHa bags US$6.2m in series B funding; Singapore-based hospitality firm to build US$40m resort in Phuket
And edtech startup Cudy has raised an undisclosed amount in a seed funding round.
Chinese EV manufacturer completes US$20m investment in Dragon Group arm
It now owns 40% of lithium ion battery firm EoCell.
CDL invests $1.1b in Chinese real estate firm Sincere Property Group
The firm will indirectly hold a 24% stake in Sincere.
Video game firm Ubisoft launches startup programme in Singapore
This will mark its first entry into Asia.
Daily Briefing: Temasek and UOB invest US$200m in venture debt firm InnoVen Capital; Blockchain monitoring startup Merkle Science raises $1.1m in seed funding round
And investment holding company UMS to acquire shares in JEP for $6.58m.
Middle East's Utico submits $400m binding offer to invest in Hyflux
The move comes after the private utility and developer submitted a non-binding letter of intent in May 3.
Singapore to launch corporate structure for investment funds
The move aims to encourage fund managers to set up operations in Singapore.
Best World discloses relations with primary import agent in China
Its legal representative in Changsha Best Commodity Trading Co. is the CEO’s brother-in-law.
Daily Briefing: Online food startup Grain raises $10m in series B funding; Woodleigh Residences launched sale for a minimum of $1,733 per sqft
And check out which Singapore-based REITs is the cheapest.
SGX daily average value up 2% to $1.05b in April
Total derivatives traded volume rose 37% YoY to 20.8 million contracts. Securities daily average value (SDAV) in the Singapore Exchange (SGX) gained...
Keppel arm sells 100% stake in HPJ Limited Liability Enterprise for $1.36m
It sold its interests to Sabir Aliyev, a citizen and resident of the Republic of Azerbaijan.
Daily Briefing: Five-room HDB flat in Boon Tiong Road sold for record $1.2m; Allianz Real Estate invests US$600m into GLP
And about 164,000 Singaporeans living in private properties have not declared their income.
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