Gushcloud names Def Jam co-founder as president, raises US$11m for global push

TO drive global expansion, Singapore-based influencer agency Gushcloud International on Wednesday said it has raised US$11 million in a funding round, while making several senior appointments, including bringing aboard hip-hop mogul Russell Simmons as president.

US Zendesk bags EDB grant for regional tech talent development

SAN FRANCISCO-headquartered Zendesk has secured a financial grant of an undisclosed amount from Singapore's Economic Development Board (EDB) to invest in and develop talent in the region. (see clarification note)

Wilton Resources to raise S$3.3m via share placements

CATALIST-LISTED Wilton Resources Corporation is proposing to raise S$3.3 million through the placement of 125 million new shares at S$0.0261 apiece, the gold miner said on Wednesday.

Tiong Seng CEO, project director in CPIB probe

MAINBOARD-LISTED Tiong Seng Holdings said on Tuesday that its chief executive and executive director Pek Lian Guan and project director Pay Teow Heng are out on bail amid a corruption probe.

Co-working spaces among top six occupier sectors at 3.7m sq ft

CO-WORKING spaces now take up 3.7 million square feet (sq ft) in net lettable area (NLA) of Singapore's commercial space, tripling from 1.2 million sq ft in 2015 to become one of the top six occupier sectors, said Colliers International.

Coworking spaces in Singapore tripled since 2015 to 3.7m sq ft: Colliers

COWORKING spaces now take up 3.7 million square feet (sq ft) in net lettable area (NLA) of Singapore's commercial space, tripling from 1.2 million sq ft in 2015 to become one of the top six occupier sectors, said Colliers International.

Stocks to watch: Tiong Seng, Mapletree Industrial Trust, Keppel DC Reit, Wing Tai, Jumbo

THE following companies saw new developments that may affect trading of their shares on Tuesday:

Tiong Seng CEO, project director on bail amid corruption probe

MAINBOARD-LISTED Tiong Seng Holdings said on Tuesday that its chief executive and executive director Pek Lian Guan and project director Pay Teow Heng are on bail amid a corruption probe.

Garlick Ave bungalow put up for sale for S$16.5m

A SINGLE storey detached bungalow located at 72 Garlick Avenue in a good class bungalow (GCB) area has been put up for sale via expression of interest (EOI) for S$16.5 million.

Singapore stocks: STI resumes Monday afternoon at 3,208.27, down 0.1% on day

SINGAPORE stocks opened lower as trading resumed on Monday afternoon, with the Straits Times Index moving down 0.10 per cent or 3.22 points to 3,208.27 as at 1.03pm. 

District 10 bungalow in Garlick Avenue GCB area for sale at S$16.5m

A SINGLE storey detached bungalow located at 72 Garlick Avenue in a good class bungalow (GCB) area has been put up for sale via expression of interest for S$16.5 million.

Straits Trading picks Heeton chief Eric Teng for top role in subsidiary

MAINBOARD-LISTED Straits Trading Company has appointed Eric Teng as chief executive of Straits Developments Pte Ltd, the group’s wholly-owned subsidiary.

OUELH not liable to Crest regarding standby facility as apex court dismisses appeal

SINGAPORE’S Court of Appeal has dismissed an appeal filed by Crest entities in a lawsuit with OUE Lippo Healthcare (OUELH) regarding the appointment of receivers over certain OUELH subsidiaries.

Court grants further extension to China Sky judicial management

THE Singapore High Court has granted an extension to the judicial manager of China Sky Chemical Fibre Company for a judicial management order to March 13, 2020, from Sept 13 previously.

Circles.Life extends reach to Australia through tie-up with Singtel's Optus

TELCO startup Circles.Life has extended its digital services to Australia through a partnership with Singtel's Australian subsidiary Optus, it announced on Friday.

Dasin Retail Trust completes S$274.8m acquisition of shopping mall in China

MAINBOARD-LISTED Dasin Retail Trust on Friday said it has completed its acquisition of Doumen Metro Mall in China, costing a total of around S$274.8 million.

Sembcorp to provide solar power for UBS's Singapore offices for a decade

SEMBCORP Industries and UBS have signed a long-term solar energy deal which will see the energy player supplying renewable power to support the bank's Singapore operations over the next 10 years.

Dasin Retail Trust gets SGX nod to list 82.35m new units from placement

DASIN Retail Trust has received in-principle approval from the Singapore Exchange (SGX), to list 82.35 million new units from a private placement on the mainboard.

Sembcorp to provide solar power for UBS's Singapore offices for a decade

SEMBCORP Industries and UBS have signed a long-term solar energy deal which will see the energy player supplying renewable power to support the bank’s Singapore operations over the next 10 years.

Jervois Road GCB for sale with S$38.8m guide price

AT least two good-class bungalows (GCBs) were put on the market on Wednesday - one at Jervois Road and another at Belmont Road.

SGX, Chongqing Bureau deepen partnership to promote capital flows, fundraising

THE Singapore Exchange (SGX) and the Chongqing Municipal Financial Regulatory Bureau (Chongqing Bureau) will be  strengthening their joint efforts to encourage capital flows and enterprise fundraising.

Jervois Road GCB up for sale with S$38.8m guide price

A TWO-STOREY good class bungalow (GCB) at Jervois Road is up for sale by tender with a guide price of S$38.8 million, exclusive marketing agent JLL said on Wednesday.

Stocks to watch: Olam, Isetan, Delong, China Kangda, Star Pharmaceutical

THE following companies saw new developments that may affect trading of their shares on Wednesday:

Condo resale prices flat between July and August

SINGAPORE resale condominium and apartment prices remain unchanged for the month of August, while volume of sales fell from the previous month, going by monthly figures from real estate portal SRX Property on Tuesday.

Soilbuild gets maiden green loan of S$248m for Tai Seng project

SOILBUILD Group Holdings has secured a S$248 million green development club loan for the redevelopment of its upcoming Solaris @ Tai Seng project.