Nordic clinches S$13m of contracts

NORDIC Group recently clinched S$13 million of contracts from its various divisions, the oil and gas engineering contractor announced late Tuesday.

Abterra GM retires as company suspends stock

ABTERRA group general manager John Baey Yam Chye, 62, has retired after almost 12 years at his current position.

IHH to take 31% stake in Fortis, bid for another 26%; could spend 73.5b rupees and up

IHH Healthcare Bhd is poised to take control of cash-strapped Fortis Healthcare as it emerged the winner in a months-long bidding war for India's second-largest private hospital chain...

LHN clinches first management service project in Myanmar

REAL estate management group LHN Group has secured its first management service project in Myanmar with a serviced residence contract in Yangon, the company announced on Thursday during the market's midday break...

Payments firm Airwallex raises US$80m of Series B funds; takes aim at South-east Asia

CROSS-BORDER payments company Airwallex has raised US$80 million of Series B funding from returning and new investors to expand in South-east Asia.

Baker Tech calls off proposed investment in Emas Offshore

OIL and gas equipment supplier Baker Technology has canceled plans to invest in Emas Offshore, throwing a spanner in the works of the target's plans to emerge from restructuring...

Bike rental wars: ofo, Mobike apply for licences; Mobike scraps deposit

BIKE sharing operators ofo and Mobike have applied for operating licences with Singapore's Land Transport Authority (LTA), the companies said on Friday...

New Silkroutes to buy stakes in 6 clinics for S$11.7m

NEW Silkroutes Group has entered into separate memoranda of understanding to acquire 60 per cent stakes in each of six medical practices for an expected total price of S$11.7 million, the company announced on Tuesday after the market closed.

Asiatravel.com unit faces lawsuit from supplier of Peninsula.Excelsior Hotel rooms

ASIATRAVEL.COM Holdings' online travel reservations unit is facing a lawsuit by a supplier of hotel rooms that is claiming S$430,208.40 plus interest, costs and other orders, the company announced on Wednesday before the market opened...

Hong Leong Asia to recognise S$43.5m loss from unit's revamp

INDUSTRIAL conglomerate Hong Leong Asia expects to recognise a S$43.5 million loss from the deconsolidation of its consumer products unit following a court-sanctioned restructuring plan, the company announced on Tuesday.

Hong Leong Asia to recognise S$43.5m loss from deconsolidation of consumer unit

INDUSTRIAL conglomerate Hong Leong Asia expects to recognise a S$43.5 million loss from the deconsolidation of its consumer products unit following a court-sanctioned restructuring plan, the company announced on Tuesday.

oBike to stop bike sharing in Singapore due to new regulations, viability issues

BICYCLE sharing company oBike has become the second dock-less bicycle business to shutter its Singapore operations rather than apply for a licence from the Land Transport Authority (LTA).

En bloc sale: Dalvey Court launches tender with S$160m reserve price

DALVEY Court owners have put the condominium development near to the Singapore Botanic Gardens up for collective sale with a reserve price of S$160 million, according to a press statement on Monday.

Scoot's inaugural Berlin flight 95% full

SCOOT completed its inaugural non-stop long-haul flight to Berlin from Singapore on Wednesday with 95 per cent of the seats occupied, the budget brand of Singapore Airlines (SIA) announced in a press release.

Court gives Hyflux 6-month break from creditors; company in search of S$200m rescue financing

A SINGAPORE High Court has granted Hyflux a six-month lifeline to stave off creditors.

Court gives Hyflux 6-month break from creditors; company in talks for S$200m rescue financing

HYFLUX is seeking about S$200 million in rescue financing and is in preliminary talks with about 27 interested parties, lawyers for the water and power company said on Tuesday as the Singapore High Court gave it a six-month reprieve from creditors.

Cardless cash withdrawal app soCash adds 7-Eleven to Singapore merchant network

CARDLESS cash withdrawal app developer soCash has expanded its merchant network to 7-Eleven's 370 stores in Singapore, soCash said on Tuesday...

Singapore stocks: STI resumes Monday afternoon at 3,312.81, down 1.3% on day

SINGAPORE stocks resumed trading on Monday in negative territory, with the Straits Times Index declining 1.31 per cent or 43.92 points on the day to 3,312.81 at 1.19pm as concerns about a US-China trade war continued to batter markets.

Singapore shares decline at Monday's open; STI down 0.68% to 3,334.04

SINGAPORE stocks opened weaker on Monday, with the Straits Times Index heading down 0.68 per cent or 22.69 points to 3,334.04 as at 9.24am after concerns about a US-China trade war.

South Korea's Toss app maker raises US$40m from GIC, Sequoia China

VIVA Republica, the maker of South Korean money transfer app Toss, has raised US$40 million of bridge funding from Singapore sovereign wealth fund GIC and venture investor Sequoia China.

Stocks to watch: SGX, Ho Bee Land, Cromwell E-Reit

THE following companies saw new developments which may affect trading of their shares on Monday:

Cromwell E-Reit manager's CEO quits for other interests

PHILIP Levinson, the chief executive of Cromwell European Reit's manager, has resigned to pursue other business interests, including providing advisory services to the real estate investment trusts' sponsor, Cromwell Property Group...

Tiong Seng to boost prefab capacity with RM29.9m purchase of Johor sites

TIONG Seng Holdings' has agreed to buy two vacant plots of land in Johor Bahru for RM29.9 million (S$10 million) to expand its prefabrication production capacity...

MindChamps completes A$5.5m acquisition of 2 Australian preschools

MINDCHAMPS PreSchool has completed the previously announced A$5.5 million (S$5.5 million) acquisition of two Sydney preschool centres, the early education company said on Monday before the market opened.

Making heads or tails of the penny crash

The probe into the 2013 collapse of Blumont Group, Asiasons Capital and LionGold Corp (BAL) will finally proceed to trial almost five years after the historic crash. Described as Singapore’s largest securities fraud investigation, the case has cast a spotlight on numerous companies and individuals.