SGX assures it will act in clear cases of minority oppression

THE Singapore Exchange's annual general meeting on Thursday that lasted a good three hours was long by any account; yet few could have predicted that the dominant issue would be that of a listed company's board suing a minority...

Lawsuits against minorities may impede meaningful discourse, warns SGX

THE Singapore Exchange’s chief regulator urged companies to resist taking an “overly legalistic” approach in dealing with shareholders and warned that such actions could have a “chilling effect” on robust company-shareholder engagement.

SGX-listed Geo Energy eyes dual primary listing in Hong Kong

SINGAPORE-LISTED Indonesian coal miner Geo Energy Resources has set its heart on a dual primary listing on the Hong Kong Stock Exchange (HKEX), hoping that its stock may be rewarded with better liquidity and improved valuation.
TRADE TENSIONS

Deepening US-China trade spat set to test markets' resilience

ESCALATING trade tensions between the US and China are set to test the resilience of regional and global markets, even if investors have yet to press the panic button.
BT EXCLUSIVE

New Noble's board to have up to 5 IDs

THE board of the "New Noble" - a fresh company which will emerge on the Singapore Exchange out of a complex US$3.5 billion debt revamp of troubled commodities trader Noble Group - will begin with a clean slate of eight or nine directors, mostly based in the Asia-Pacific, said Noble's...
BT EXCLUSIVE

Rupiah rout mauls Indonesia-linked Singapore stocks

AS INDONESIA fights to shield the battered rupiah with a mix of rate hikes and market-intervention measures, Singapore-listed firms with exposure to South-east Asia's biggest economy are feeling the pinch as the currency stoops to its lowest ebb in 20 years. ...
HOCK LOCK SIEW

Datapulse's penchant for odd bedfellows comes to fore again

MAINBOARD-LISTED Datapulse Technology's penchant for courting controversy has not diminished despite a protracted shareholder spat and controversial buyout that climaxed in a shareholder meeting in April to oust the board...
HOCK LOCK SIEW

Noble survives but will it be able to thrive again?

RETIRED secretary Ms Caroline had deliberately shunned the past few shareholders' meetings of Noble Group - a company she has stayed invested in for 10 years. But on Monday, she dutifully turned up at Noble's pivotal special general meeting (SGM) for shareholders to vote on its US$3.5...
NOBLE GROUP RESCUE

Noble shareholders back crucial rescue plan but challenges still abound

AS early as by November this year, troubled "old" Noble Group could make way for a revamped New Noble after the positive outcome of a special general meeting on Monday which saw shareholders overwhelmingly vote in favour of the commodity trader's do-or-die US$3.5 billion debt rescue...

Noble snags shareholders’ nod on pivotal debt revamp at SGM

EMBATTLED Noble Group won overwhelming nod from shareholders present to push through with its do-or-die debt-for-equity rescue plan at an over hour and a half long special general meeting (SGM) in Singapore on Monday. 

Khazanah not currently in talks to sell stake in joint ventures with Temasek

TALK of Khazanah Nasional Bhd seeking to sell its stake in M+S Pte Ltd resurfaced this week - this time in a report by a Malaysian newspaper.
STARTUPS

Singapore's SafePro picked to provide virtual bodyguards for the super rich

A WIFE of a wealthy Singapore businessman was shopping in a popular tourist district in Barcelona, Spain on a mid-August afternoon last summer when in the vicinity, a deadly terror attack was unfolding. A driver rammed his van into crowds on the La Ramba Boulevard in the heart of the city.

Noble reports US$128m loss for Q2 ahead of pivotal shareholder meeting

TWO weeks before shareholders of embattled Noble Group are set to vote on its controversial yet do-or-die debt revamp, the commodity trader has reported a second-quarter net loss of US$128.3 million versus US$1.75 billion a year ago largely led by expenses related to the restructuring exercise.

Noble posts US$128m loss in Q2

TROUBLED commodities trader Noble Group posted a net loss of US$128.3 million for the second quarter ended June compared with a loss of US$1.75 billion a year ago.
TURKISH ROUT

Asia markets skid on Turkish turmoil; analysts downplay contagion fears

ASIAN markets suffered a painful fallout on Monday as Turkey's lira crisis rages on...
HOCK LOCK SIEW

Singapore-based 8i Holdings seems to lack investing nous it espouses

FOUR years ago, Singapore-based investment and financial education firm 8I Holdings (8iH) opted to list on the Australian Stock Exchange instead of its home exchange.

Deutsche Bank's Yusof Yaacob may be a leading candidate for Khazanah's top job

WITH the deck cleared for Malaysia's investment fund Khazanah Nasional Berhad to see a new face at the hot seat to succeed Azman Mokhtar as chief, several names have emerged, which include Malaysian banker and chief executive of Deutsche Bank (Malaysia) Yusof Annuar Yaacob...

SGX's Q4 net profit slips nearly 2% as operating expenses rise

THE Singapore Exchange posted a 1.8 per cent drop in net profit for the fourth quarter to S$83.67 million from a year ago on the back of a 6 per cent jump in operating expenses largely owing to the legal fees incurred as a result of the interim injunction filed by the National Stock Exchange of...

SGX's Q4 net profit falls 1.8%

THE Singapore Exchange reported posted a 1.8 per cent decline in net profit for the fourth quarter to S$83.67 million from S$85.23 million a year ago.

Khazanah's mass board resignation clears deck for new leadership

THE shocking and unprecedented enmasse resignation of Khazanah Nasional's nine-member board including embattled chief Azman Mokhtar and some of Malaysia's longest-serving and distinguished corporate individuals on Thursday could cast doubts over the manner in which the shake- up of...

SGX, NSE restart talks on India's offshore hub

DISCUSSIONS between the stock exchanges of Singapore and India over a potential tie-up on India's offshore hub are back on the table. ...

SGX and NSE resume tie-up talks on India's GIFT city

THE Singapore Exchange (SGX) and the National Stock Exchange (NSE) of India have resumed discussions on a potential collaboration in India's fledgling offshore hub after such talks fizzled out...

Junior MOG firms given a shot at listing on SGX

EARLY-stage or junior mineral, oil and gas (MOG) companies will have a shot at a listing on the Singapore Exchange (SGX) from Aug 28, following changes to the Mainboard and Catalist listing rules.

SGX to allow listing of mineral, oil and gas companies in early stage of development

THE Singapore Exchange will allow the listing of mineral, oil and gas (MOG) companies in the early stage of development, following rule changes that will take effect from Aug 28.
BT EXCLUSIVE

Singapore-listed firms on share buyback spree in H1 2018

SHARE buybacks in the Singapore bourse boomed over the first half of this year as companies dipped into the kitty to shore up their stocks amid an extremely volatile trading environment, fuelled by trade war and geopolitical risks and worries over the quickening pace of rising interest rates in the...