Transcorp says EGM requisition notice is invalid

CATALIST-listed Transcorp Holdings has taken the view that the notice by two of its shareholders to requisition an extraordinary meeting (EGM) to remove two directors and appoint new ones is invalid, it said in a bourse filing on Friday.

GIC joins consortium investing US$418m in I-Mab

SINGAPORE'S sovereign wealth fund GIC has joined a consortium of institutional investors, led by Hillhouse Capital Group, to invest around US$418 million through a private placement in Nasdaq-listed I-Mab, a clinical stage biopharmaceutical company.

Boustead Projects unit taking advice on S$17.8 million letter of demand

BOUSTEAD Projects said on Friday that its wholly-owned unit Boustead Projects E&C received a letter of demand last Friday from the solicitors acting for Veolia ES Singapore Industrial for the payment of S$17.8 million in relation to liquidated damages for civil and associated works at its...

Frasers Centrepoint Trust to raise up to S$1.39b to buy rest of AsiaRetail Fund

FRASERS Centrepoint Trust (FCT) is proposing to raise up to S$1.39 billion in equity through a private placement and/or a preferential offering, to fund its acquisition of the remaining 63.1 per cent of AsiaRetail Fund (ARF) for S$1.06 billion.

Frasers Centrepoint Trust to raise up to S$1.39b to take over AsiaRetail Fund

FRASERS Centrepoint Trust (FCT) is proposing to raise up to S$1.39 billion in equity through a private placement and/or a preferential offering, to fund its acquisition of the remaining 63.1 per cent of AsiaRetail Fund (ARF) for S$1.06 billion.

SGX RegCo blocks Spackman Entertainment's proposed divestment

THE regulatory arm of the Singapore Exchange (SGX RegCo) is blocking a proposed divestment by Spackman Entertainment Group (SEG), pending a review of certain past acquisitions.

Axington board says rights issue to proceed as planned

THE two-man board of Axington Inc said on Thursday that a planned rights issue announced on Aug 21 will proceed as planned, despite the recent controversy that resulted in five directors quitting the board.

Parkway Life Reit joins FTSE EPRA NAREIT Global Developed Index

PARKWAY Life (PLife) Reit will be included in the FTSE EPRA NAREIT Global Developed Index after the close of business on Sept 18, it said on Thursday.

No change to components on the Straits Times Index

THERE are no changes to the Straits Times Index (STI) constituents, following the September 2020 quarterly review.

Leader Environmental Technologies raises S$8.7m from fully-subscribed rights issue

THE rights issue of shares by Leader Environmental Technologies (LET) has been fully subscribed, application results out on Thursday showed.

Asian Healthcare Specialists completes issuance of shares to Encyclia and Vanda

ASIAN Healthcare Specialists (AHS) said on Thursday that it has issued 25 million shares to Encyclia and Vanda at a conversion price of S$0.1602, as earlier agreed.

Chip Eng Seng converts US$4.95m loan into 33.3% stake in Cybint International

CHIP Eng Seng's wholly-owned subsidiary, CES Edutech, has fully converted a US$4.95 million convertible loan provided to Cybint International into shares, it said on Thursday.

QT Vascular CEO and largest shareholder used rally to offload shares

THE chief executive of QT Vascular has been offloading his shares in the medtech firm over the last two days, according to a filing with the Singapore Exchange.

Sunrise Shares responds to SGX query on unusual trading activity

SUNRISE Shares Holdings, the electrical products trader and distributor, said on Wednesday that it is not aware of any information not previously announced that might explain the unusual trading activity in its shares on Wednesday.

Centurion to lease and manage up to 6,400 beds in four new Quick Build Dormitories

CENTURION Corp has secured a tender by JTC Corporation to lease and manage up to 6,400 beds in four new foreign workers dormitories in Singapore, it said on Wednesday.

Asiatic Group auditor issues disclaimer of opinion on going concern issues

ASIATIC Group said on Wednesday that independent auditor Ernst & Young has included a disclaimer of opinion in the group's audited financial statements for the financial year ended March 31, 2020 (FY2020), in respect of the material uncertainty on the group's ability to continue as a going...

SGX RegCo to refer Camsing Healthcare's special audit report to relevant authorities

THE frontline market regulator said on Tuesday that it will report the findings of a special audit into various concerning sales and purchases made by mainboard-listed Camsing Healthcare to the relevant authorities, while furthering its own investigations into the potential listing rule breaches...

Shanghai Turbo employee sanctioned by Chinese Public Security Authorities

MAINBOARD-listed precision manufacturer Shanghai Turbo Enterprises said on Tuesday that it has been informed that Tan Juay Kiat, the general manager of its wholly-owned subsidiary, Changzhou 3D Technological Complete Set Equipment Co (CZ3D), has been sanctioned with administrative penalties by...

SGX Index Edge to launch bitcoin and ethereum indices with CryptoCompare

THE Singapore Exchange (SGX) is collaborating with UK-based cryptocurrency market data provider CryptoCompare, to launch crypto indices under the SGX iEdge index suite.

Sembcorp Industries to divest stake in joint venture for 150 million yuan

SEMBCORP Industries is divesting its entire 32 per cent stake in joint venture company Shenzhen Chiwan Sembawang Engineering Co (CSE) to Chixiao Enterprise Co, for a gross consideration of 150 million yuan (S$29.4 million), it said on Tuesday.

LionGold to change name to Shen Yao Holdings, diversify into fund management

INVESTMENT holding company LionGold Corp said on Monday that it plans to seek shareholders' approval to transfer its domicile from Bermuda to Singapore, change its name, and diversify into fund management and investment.

OUE Lippo Healthcare to receive S$12.6m judgement debt from Crest entities

OUE Lippo Healthcare said on Monday that funds owned by Crest Capital Asia have agreed to pay it a sum of S$12.6 million.

First Reit still 'anticipating' rental restructuring proposal from Lippo Kawaraci

THE manager of First Reit said on Monday that it expects to receive a rental restructuring proposal from its tenant and former parent company Lippo Kawaraci (LPKR).

Keppel Land and TVS Emerald to develop premium condo in Chennai

KEPPEL Corp said on Monday that Keppel Land has entered into a joint venture with leading Indian developer Emerald Haven Realty (TVS Emerald), a TVS Group company, to jointly develop a freehold condominium project on a prime 2.4 hectare site in south Chennai, India.

UG Healthcare proposes 1-for-3 stock split

CATALIST-listed Malaysian glove maker UG Healthcare is proposing a share split of every one existing share into three shares, on a record date to be determined by the board later.