Markets & Investing
Accrelist acquires 28.53% stake in MClean Technologies
Accrelist acquires 28.53% stake in MClean Technologies
The company acquired the stake for $2.57m.
Asian collectors embrace newer artists, contemporary art to diversify collections
Japan’s Teppei Takeda and China’s Sun Yitian are amongst the emerging names in Asia.
Valuetronics invests $7.7m in AI JV with SinnetCloud HK
Valuetronics will hold 55% interest in the JV.
Best World’s exit offer ‘fair and reasonable' - IFA
It estimates that the value of each share ranges between $1.36 and $2.69.
OCBC bags over 90% of Great Eastern’s shares, trade suspension to take effect
Trade suspension will be lifted if Great Eastern's public float rebounds to at least 10%.
SingPost settles share transfer issue with Famous Holdings
Famous Holdings will transfer 37.5% shares to SingPost Logistics Investments.
ESR Group receives no objection letter from Shanghai Stock Exchange for logistics REIT spin-off
The CSRC has also approved the registration of the REIT.
SIAS cites ‘dilemma’ for minority shareholders amidst OCBC's GE offer
OCBC earlier announced a $1.4b offer to acquire the remaining 11.56% stake in GE.
Singapore dominates Southeast Asia tech funding
The city accounted for 68% of total funds raised in SEA in H1 2024.
Carro secures $75m multi-currency loan from HSBC
The loan will boost the company’s liquidity.
Daily Markets Briefing: STI up 0.07%; Jardine Cycle & Carriage is top stock
Jardine Cycle & Carriage posted a 1.53% growth.
Sabana Industrial REIT launches $100m sustainability bonds
The bonds have a coupon rate of 4.15%.
Singapore's YoY investment volume plunges 34.7% in Q1
The commercial sector is seeing the biggest decline.
Kuok Khoon Hong raises stake in Wilmar International to 14.1%
Kuok currently holds 880.1 million shares in Wilmar.
85 Singaporean companies included in Fortune’s SEA 500 rankings
Trafigura, Wilmar, Olam, Flex, and DBS all made it into the top 10.
Sabana REIT refutes claims bond issuance affects its internalisation process
Quarz Capital Asia alleged the bond issuance may jeopardise Sabana Industrial REIT financially.
Starhill Global REIT secures extended credit facility agreement
The facility was previously for three years.
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