Independent directors to face 9-year limit under revised Corporate Governance Code

COMPANIES listed in Singapore will have to take a more serious look at director independence, if rule changes suggested by the Corporate Governance Council on Tuesday are implemented.

Investors not convinced giving up QR can slash compliance costs

MARKET players here broadly agree that listed companies should not be required to report non-essential information like changes in equity to the Singapore Exchange (SGX) every quarter.

Cyclical stocks seen doing great again this year

CYCLICAL stocks had a great run in 2017 and the consensus is that trend will continue into 2018 as the outlook stays bright.

Duty Free International Q3 net profit sinks 85%, stronger ringgit results in forex loss

DUTY Free International (DFS) has posted a net profit of RM3.3 million (S$1.1 million) in the third quarter, down 84.7 per cent from the same period a year earlier.

BreadTalk says latest JV with Perennial 'not a business diversification'

BREADTALK Group has clarified that its proposed investment alongside Perennial Real Estate in China does not represent a diversification of its business.

BreadTalk says latest JV with Perennial is not a diversification of its business

BREADTALK Group has clarified that its proposed investment alongside Perennial Real Estate in China does not represent a diversification of its business.
HOCK LOCK SIEW

IPO balloting demand: keep it real

AS much as bankers like to broadcast how many times oversubscribed their initial public offerings (IPOs) are, they also know that these numbers get far more attention than they deserve.
BT OUTLOOK 2018

A look back at 2017 IPOs and who's coming to town in 2018

IN step with broadening investor confidence, fundraising via initial public offerings (IPOs) on the Singapore bourse sprang back to life in 2017, with a total of 20 new flotations raising S$4.7 billion. That's double the S$2.26 billion raised from 16 IPOs in 2016...
TOPLINE

Manulife US Reit rides millennial wave

IT IS not quite Manhattan, but the area of New Jersey across the Hudson River from New York's pulsating financial centre is teeming with the lifeblood of the future: Millennials...

Malaysian bedroom furniture maker plans Catalist IPO

MALAYSIAN bedroom furniture exporter LY Corp is planning an initial public offering (IPO) on the Catalist board, which will be done through a placement of new shares and vendor shares.

Malaysian bedroom furniture maker plans Catalist IPO

MALAYSIAN bedroom furniture exporter LY Corp is planning an initial public offering (IPO) on the Catalist board, which will be done through a placement of new shares and vendor shares.

Lead independent director resigns from Singapore O&G amid dispute

The lead independent director of Singapore O&G has resigned abruptly from the board of the women's and children's healthcare group as a result of an ongoing dispute...

CDL sends out offer documents for M&C Hotels buyout; first close date is Jan 23, 2018

CITY Developments (CDL) on Thursday made a final cash offer of 620 pence (S$11.20) a share for the shares in London-listed Millennium & Copthorne Hotels (M&C) that it does not already own.

Tee Land to sell shares in Chewathai Public Co at a loss, raising S$13.1m in net proceeds

TEE Land is disposing its entire 31.88 per cent stake in Thailand-listed Chewathai Public Company for a net loss, and plans to redeploy the cash on opportunities in Singapore's residential property market...

M&C Hotels fight drags on; CDL's Kwek addresses dissenters

THE fight for the future of London-listed Millennium & Copthorne Hotels (M&C) drags on with the opposing parties getting more dramatic in their exchange of words.
COMMENTARY

Rowsley can raise value by divesting non-core assets

IF BILLIONAIRE Peter Lim had wanted to realise the fullest value for the Thomson Medical healthcare group, an initial public offering (IPO) would have been the cleanest way to structure a deal.

Rowsley shares surge after it inks deal for Thomson Medical Group

ROWSLEY shares surged 2.5 Singapore cents or 22.52 per cent to 13.6 Singapore cents on Monday after it inked a deal to acquire the Thomson Medical healthcare businesses from controlling shareholder Peter Lim for S$1.6 billion, to be paid mostly in stock.

Rowsley to buy Thomson Medical businesses for S$1.6b

MAINBOARD-LISTED Rowsley has inked a deal to acquire the Thomson Medical healthcare businesses from tycoon Peter Lim for S$1.6 billion to be paid mostly in stock.

What does the future HODL for bitcoin ETFs?

SOME people have argued that a regulated derivatives market for bitcoin will have the desirable effect of reducing the cryptocurrency's volatility and improving its liquidity, paving the way for bitcoin exchange-traded funds (ETFs) to be sold next...
NEWS ANALYSIS

Bitcoin and the art of market manipulation: an inquiry into value

2017 was the year of vindication for bitcoin believers. The cryptocurrency is up more than 1,500 per cent so far this year, making the digital wallets of those who hopped on board the hype train that much fatter than the "no-coiners"...

UEL's cash offer for WBL a 'cautious, risk-management approach'

BY using United Engineers (UE) to make a cash offer for WBL, the Yanlord Perennial consortium which took control of UE and bought a small stake in WBL in July appears to be taking a more cautious approach to its recent investment.

UEL's cash offer for WBL helps Yanlord Perennial recover capital in 'more cautious' approach: report

BY using United Engineers (UE) to make a cash offer for WBL, the Yanlord Perennial consortium, which took control of UE and bought a small stake in WBL in July, appears to be taking a more cautious approach to its recent investment.

MiFID II will not affect SGX stocks dual-listed in Europe: MAS

EUROPEAN investors in Singapore-listed stocks that are dual-listed in Europe can continue to transact without being affected by the European Union's new financial markets regulations, known as MiFID II, which will come into force on Jan 3...

SGX stocks dual-listed in Europe will not be affected by Mifid II: MAS

EUROPEAN investors in Singapore-listed stocks that are dual-listed in Europe can continue to transact without being affected by the European Union's new financial markets regulations, known as MiFID II, which enter into force on Jan 3...

Is CDL's sweetened offer more palatable to M&C shareholders?

AFTER minority shareholders of Millennium & Copthorne Hotels (M&C) objected to the price offered by parent company City Developments (CDL) to take the London-listed hotelier private, CDL bumped up its bid last Friday.