Hot stock: AA Reit tumbles 6.8% after bookbuilding exercise

UNITS of AIMS Apac Reit (AA Reit) slumped shortly after trading resumed on Wednesday afternoon following the completion of its sponsor’s bookbuilding process.

Hot stock: Rex International oil discovery fuels 12.66% jump in share price

SHARES in Catalist-listed oilfield services firm Rex International surged on Wednesday amid heavy volume, following its morning announcement of an oil and gas discovery in the Norwegian Sea.

Eastspring's Loretta Ng to head M&G Investments' Asia business

LORETTA Ng will join M&G Investments as head of its Asian business on Nov 1, the London-headquartered asset manager announced on Wednesday.

AA Reit sponsor raises S$94.9m from unit placement via bookbuilding

AIMS Financial has carried out a secondary placement of 70.3 million units in AIMS Apac Reit (AA Reit) on Wednesday at S$1.35 per unit, the manager of the industrial real estate investment trust (Reit) announced during the midday break.

Rex International makes oil and gas discovery in Norwegian Sea

CATALIST-LISTED oilfield services firm Rex International on Wednesday announced that an oil and gas discovery has been made from the drilling of exploration and appraisal wells in the Norwegian Sea.

Ayondo hires TradeHero co-founder Dominic Morris as CTO, interim CEO after slew of departures

CATALIST-LISTED trading platform developer Ayondo on Tuesday named Dominic Anthony Morris as chief technology officer (CTO) and concurrently the interim chief executive officer (CEO), following an exodus of senior executives in recent months.

GIC, KKR buy 42.5% stake in Philippines' biggest hospital chain for 35b pesos

SINGAPORE'S sovereign wealth fund GIC and private equity giant KKR will take a 42.5 per cent stake in the Philippines' largest operator of private hospitals and healthcare services, Metro Pacific Hospital Holdings (MPHH).

Pine Capital unit sues two ex-directors

ADVANCE Capital Partners Asset Management (ACPAM), a subsidiary of Catalist-listed Pine Capital Group, has commenced legal proceedings against two former directors.

Singapore's most active construction stocks hold firm with 11% YTD return: SGX

THE 10 most actively traded stocks with a construction focus on the Singapore bourse generated an average total return of 11 per cent in the year till Oct 11, amid growth in the sector.

GIC, KKR shell out 35b pesos for 42.5% stake in biggest Philippine hospital chain

SINGAPORE’S sovereign wealth fund GIC and private equity giant KKR will take a 42.5 per cent stake in Metro Pacific Hospital Holdings (MPHH), the Philippines’ largest operator of private hospitals and healthcare services.

Pine Capital unit sues 2 ex-directors for breach of duties, conspiracy

ADVANCE Capital Partners Asset Management (ACPAM), a subsidiary of Catalist-listed Pine Capital Group, has commenced legal proceedings against two former directors.

Tuan Sing confirms Superluck issuing S$200m 2.8% notes at par under new programme

MAINBOARD-LISTED property developer Tuan Sing Holdings on Tuesday announced that its wholly-owned subsidiary, Superluck Properties, will issue S$200 million senior secured notes due 2022 under its newly established multicurrency medium-term note (MTN) programme.

Yoma, energy unit of Ayala Corp to tap renewables in Myanmar

MYANMAR-FOCUSED Yoma Strategic Holdings will form a strategic partnership with AC Energy, the energy platform of Philippine conglomerate Ayala Corp, to establish an equal joint venture (JV) to scale up Yoma Micro Power (YMP) and to explore developing some 200 megawatts of additional renewable...

Tuan Sing unit to issue 3-year, 2.8% notes

SUPERLUCK Properties, a wholly-owned subsidiary of mainboard-listed property developer Tuan Sing Holdings, is offering for sale three-year, Singapore-dollar notes carrying a fixed coupon of 2.8 per cent.

Tuan Sing's Superluck to issue senior secured 3-year 2.8% notes

SUPERLUCK Properties, a wholly-owned subsidiary of mainboard-listed property developer Tuan Sing Holdings, is looking to issue three-year, Singapore-dollar notes carrying a fixed coupon of 2.8 per cent.

GDP growth to stay subdued, expansionary fiscal policy likely in next Budget: analysts

SINGAPORE may have skirted a technical recession - defined as two consecutive quarters of contraction - in Q3, according to flash estimates from the Ministry of Trade and Industry (MTI) on Monday morning. Gross domestic product (GDP) looks to have...

Hatten Land forms JV to develop properties in China

CATALIST-LISTED Malaysian real estate developer Hatten Land is forming a joint venture (JV) company with Chinese consulting firm Billion Celestial Holdings for property development in China.

MeGroup opens Hyundai dealership in Klang, wins manufacturing contract

CATALIST-LISTED MeGroup has opened its first Hyundai dealership centre and also secured 4S approval for its Honda dealership in Cheras, the Malaysia-based automotive parts maker and dealer announced on Monday.

Yoma, Philippine AC Energy JV eyes renewable energy projects in Myanmar

MYANMAR-FOCUSED Yoma Strategic Holdings on Monday said it will form a strategic partnership with AC Energy, the energy platform of Philippine conglomerate Ayala Corporation.

Tuan Sing unit sets up S$500m medium-term note programme

SUPERLUCK Properties, a wholly-owned subsidiary of mainboard-listed property developer Tuan Sing Holdings, has established a S$500 million secured multicurrency medium-term note (MTN) programme.

Koon Holdings seeks court protection to facilitate its debt restructuring

MAINBOARD-LISTED Koon Holdings and its subsidiary Koon Construction & Transport (KCT) have applied for a 90-day debt moratorium as they intend to propose and implement a scheme of arrangement with their creditors.

StarHub to offer hyperscale data centre services at AirTrunk's Loyang facility

STARHUB will provide round-the-clock, stepped-up technology and connectivity services from AirTrunk's upcoming hyperscale data centre (HDC) campus, with an eye on next year's launch of 5G mobile networks in Singapore.

Spackman’s South Korea film 'Crazy Romance' to debut in 22 markets

CATALIST-LISTED film producer and investor Spackman Entertainment Group on Wednesday said its new South Korean film Crazy Romance will debut in 22 markets, including Singapore.

BNP Paribas reshuffles APAC wealth management leadership

FRENCH bank BNP Paribas has announced a handful of changes at the top of its wealth management division in the Asia Pacific (APAC).

Katrina Group kickstarts hospitality expansion with new Chinatown hotel

CATALIST-LISTED food and beverage (F&B) player Katrina Group on Wednesday unveiled a hotel in Chinatown through its hospitality arm, as the first in a new line of affordable co-living hotels in the Asia Pacific.