Markets & Investing
Liquidation of Midas Holdings' subsidiaries gets go-ahead
Midas said it is insolvent, its assets are not enough to cover its reported liabilities and prospects of rescue appear dim.
Half of firms paid their dues on time in Q1
Apart from the construction sector, slow payments have improved across four industries.
Daily Briefing: Luxury home prices down to all-time low at 2.9%; Taxpayer money will not be used to aid Hyflux investors
And Singapore-based offshore & marine company Swiber bags $200m from Seaspan Corporation.
China slowdown to weaken APAC cross-border sentiment in 2019
Chinese corporates' onshore funding costs are forecasted to fall further.
Keppel Infrastructure Trust to raise $200.79m in preferential share offering
The offering will close on 4 April.
Malaysia-based Fortress Minerals debuts on Catalist board at $0.22
It produces iron ore concentrate sold to firms in China and Malaysia.
Sinarmas Land-Rongqiao Group joint venture to invest $44.7m in Taicang Rongguan Real Estate Development
The investment will boost Sinarmas Land’s property development footprint in China.
Daily Briefing: Singapore law firm clears Wirecard of some corruption claims; Temasek invests US$29m in Vietnamese Internet major VNG
And tech-enabled student housing startup Oxfordcaps raises $11m in series A funding.
First Sponsor Group to undertake rights issue for $399.5m
It dropped its initial plan to issue warrants for perpetual capital securities.
Daily Briefing: Singapore's credit market bore the brunt of regional distress; ERA Realty Network gives $1m grant to real estate startups
And London-based regtech firm ClauseMatch expands in Singapore.
SMEs open to business transformation investments amidst souring economic expectations: poll
The manufacturing sector saw the highest uptick in capital investment expectations by 2.15%.
Pine Capital requests for trading suspensions as its subsidiary causes potential conflict of interest
The group will appoint an independent reviewer to investigate the allegations.
Daily Briefing: GIC and Temasek ate up 60% of sovereign fund deals in 2018; Singaporean PE firm Tembusu Partners invests $201.4m in Chinese projects
And luxury property Boulevard 88 sold 20 out of 25 units for $3,550 psf.
MAS reopens $2b of the 5-year SGS bond
Intended tender amount is at $100m and the minimum denomination is at $1,000. The Monetary Authority of Singapore (MAS) will re-open $2b of the 5...
Challenger Technologies to delist with $0.56 exit offer price
It cited weak retail sentiment and industry disruption amongst its reasons for delisting.
Raffles United Holdings gets SGX nod to list 234.06 million new ordinary shares for $0.05 apiece
The rights issue could raise between $7.6m-$11.6m in net proceeds.
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