China Kangda's public float falls below 25%; company applies for temporary waiver from HKEX

FOLLOWING the close of the mandatory unconditional cash offer by Zenith Hope to acquire the rest of China Kangda Food Company’s shares on Tuesday, the shares owned by the public fell to approximately 23.49 per cent.

New popup initiative helps local retail and food companies test out Asian markets

MORE local retail and food companies will be expanding into new markets in Asia, as part of a new pop-up initiative by Enterprise Singapore that allows them to set up dedicated retail spaces in major shopping centres over a period of one week to two months.

Olam secures US$525 million sustainability-linked loan

OLAM International, together with its wholly owned subsidiary Olam Treasury, has secured a US$525 million revolving credit facility linked to meeting sustainability key performance indicators (KPI).

No definitive decision made yet, Isetan Singapore and YTL Starhill Global Reit clarify

ISETAN Singapore and YTL Starhill Global Reit (SGReit) issued statements to the Singapore Exchange after trading hours on Tuesday, clarifying that no deal has been inked yet.

Offer price of S$0.45/share for Star Pharmaceutical is 'fair and reasonable': IFA

THE independent financial adviser (IFA) of mainboard-listed Star Pharmaceutical said on Tuesday that the offer price of S$0.45 a share is “fair and reasonable”.

Singapore telehealth startup inks deal with Bao Minh, one of Vietnam's largest insurers

LOCAL telehealth startup Doctor Anywhere is making its move to expand in the region, with the inking of a strategic cooperation agreement with Bao Minh Insurance, one of the largest insurance groups in Vietnam.

OCBC’s head of China business Kng Hwee Tin joins CapitaLand

HEAD of OCBC’s China unit Kng Hwee Tin has resigned after more than three decades with the bank to join CapitaLand as chief executive officer, finance and corporate services, China, effective on Oct 1.

SPH records revaluation gain of £22.8m on UK accommodation portfolio

SINGAPORE Press Holdings (SPH) has recorded a revaluation gain of 6.7 per cent, or £22.8 million (S$38.4 million) on its purpose-built student accommodation portfolio in the UK.

Ascott Business Trust established, following proposed combination of Ascott Residence Trust and Ascendas Hospitality Trust

ASCOTT Reit Manager announced the establishment of Ascott Business Trust (Ascott BT), in a filing to the Singapore Exchange late on Monday.

South Korean electronics firm emerges as substantial shareholder of Raffles Infrastructure

KOSDAQ-listed electronics components company Magic Micro has emerged as a substantial shareholder of Raffles Infrastructure Holdings on Monday, with a 20.3 per cent stake acquired in an off-market deal at S$0.50 a share.

SPH records £22.8 million revaluation gain on UK student accommodation portfolio

SINGAPORE Press Holdings (SPH) announced on Monday after trading hours that it has recorded a revaluation gain of 6.7 per cent, or £22.8 million (approximately S$38.4 million) on its purpose-built student accommodation portfolio.

Raffles City Chongqing launched with 95 per cent committed occupancy

CAPITALAND announced on Monday that its shopping mall Raffles City Chongqing in China saw over 900,000 visitors during its opening weekend, following its launch on Sept 6.

StanChart keeping option open on Singapore digital bank licence

STANDARD Chartered Bank - one of the four foreign banks with a significant retail presence in Singapore - has left the door open on whether it would apply for the digital banking licence in Singapore, its second-largest market after Hong Kong.

Yangzijiang inks new orders for 5 vessels

CHINESE shipbuilder Yangzijiang Shipbuilding inked new order contracts for five vessels, including three 82,000DWT bulk carriers and two 325,000DWT bulk carriers.

Rex International to take over company guarantee for group's 90%-owned subsidiary

Oil services player Rex International has formally submitted documentation to take over the company guarantee from its wholly-owned entity Rex International Investments for the group’s 90 per cent-owned subsidiary Lime Petroleum AS (LPA).

DLF Holdings' subsidiary secures subcontract works worth S$4.29m

DLF Holdings’ wholly-owned subsidiary Acmes-Kings Corporation secured subcontract works worth S$4.29 million, announced in a Singapore Exchange filing on Wednesday.

Synagie inks exclusive deal with Nicholas Tse's Hong Kong food company

E-commerce solutions provider Synagie Corporation inked an exclusive deal with Hong Kong-based food company Chef Nic (Hong Kong) Limited founded by celebrity Nicholas Tse, to manage and expand the distribution and sales of its range of packed food products across South-east Asia.

Fragrance Group acquires Min Yuan Apartments; plans to build hotel development

FRAGRANCE Group’s wholly-owned subsidiary Fragrance Victory has acquired Min Yuan Apartments at 62 Waterloo Street for S$141 million.

Court dismisses claim by ex-employees of Asiaphos' subsidiary

PHOSPHATE mining firm Asiaphos received notice that a claim by former employees of its wholly-owned subsidiary Sichuan Mianzhu Norwest Phosphate Chemical Co has been dismissed, following its hearing in Mianzhu Municipal People’s Court and follow-up mediation.

ST Engineering’s aerospace arm injects US$19.5m into aircraft leasing business

SINGAPORE Technologies Engineering (ST Engineering) announced on Wednesday that its aerospace arm has injected US$19.5 million into ST Engineering Aerospace Resources for the purchase of aircraft assets to support the expansion of the group’s aircraft leasing business.

Yangzijiang inks new order contracts for 5 vessels

CHINESE shipbuilder Yangzijiang Shipbuilding inked new order contracts for five vessels, including three 82,000DWT bulk carriers and two 325,000DWT bulk carriers.

China Jinjiang's majority lenders do not require mandatory prepayment of outstanding loans and amounts under US$200m loan facility

China Jinjiang Environment announced late on Tuesday night that majority lenders do not require the mandatory prepayment of all outstanding loans and amounts as a result of an earlier change in control of the company, with regard to its US$200 million loan facility with Standard Chartered Bank (...

Dasin Retail Trust's private placement 1.2 times subscribed

Dasin Retail Trust has raised S$68.8 million through a private placement that was 1.2 times subscribed in its latest equity fundraising exercise.

Innopac's entire finance and admin staff resigned; requesting for 2-month extension to post results, hold AGM

Investment holding firm Innopac Holdings Limited announced on Tuesday after trading hours that it is seeking a two-month time extension from the Singapore Exchange (SGX) to announce its financial results for the full-year ended June 30, 2019, by Aug 31, 2019, and to hold its annual general...

Bonvests Holdings' acquires company and properties in Morocco for S$29.93m

Property group Bonvests Holdings’ wholly-owned subsidiary Goldcove Pte Ltd has acquired a Moroccan-registered company and several properties for a total sum of about S$29.93 million.