Markets & Investing
CapitaLand Investment to divest 50% stake in ION Orchard to CICT
CapitaLand Investment to divest 50% stake in ION Orchard to CICT
It will have recycled $3.6b in capital year-to-date following the divestment.
Goh family closes Ossia International buyout offer with 85.92% shares acquired
The family received valid acceptances for 23.5 million shares.
Hiap Hoe chairman Teo Ho Beng buys additional 500,000 shares
This increases his total interest in the company to 75.29%.
GIC acquires Daiwa House’s flagship logistics facility in Yokohama
The asset spans an area of more than 126,000 square meters.
Former president Halimah Jacob joins SIAS as new chief patron
She will replace fellow former president Tony Tan.
Chris Chong ends tenure as CLI retail and workspace head for SG and Malaysia
Ervin Yeo will succeed Chong.
ESR Group names Brett Krause interim board chairman
The group aims to appoint a new chairman by Q1 2025.
Dasin Retail Trust Management issues demand letter to minority directors over breach of duties
They must compensate DRTM for blocking an investment deal by a Chinese state-owned entity, amongst others.
ASL Marine net profit up 5% to $3.8m in FY2024
Earnings per share is 0.58 cents in FY2024.
Aspen Group net profit stands at $11.5m in FY2024
However, their revenue decreased by 9% YoY.
SEEDS Capital seeks partners for co-investment in Singapore deep tech
It will set aside $150m to promote the co-investments.
EDB to inject $32m to expand venture programme for startup collaboration
The programme boosts partnerships between Singapore-based companies and startups.
SMI Vantage faces delisting by SGX-ST
The company’s securities will be suspended on 2 September.
SMI Vantage Limited has announced that the Singapore Exchange Securities Trading Limited...
SBF, UOB, Rajah & Tann, and RSM partner to support local firms' ASEAN growth
The partners will collaborate on three areas.
SeaTown closes private credit fund with US$1.3b
The fund was launched at the end of 2022.
CapitaLand India Trust issues $150m notes due 2027
The notes are expected to be issued on 30 August 2024.
Over half of S’pore companies not reporting Scope 3 emissions
This is expected to improve as exchanges make reporting mandatory.
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