Corporate digest

Singtel

SINGTEL launched Singapore's fastest mobile network, with the nationwide deployment of a 450 Mbps 4G LTE-Advanced service. This delivers up to 50 per cent faster download speeds than prevailing LTE services, allowing customers to download a full-length HD movie in less than two minutes over mobile data.

The 450 Mbps service is available to all Singtel 4G customers at no additional charge.

Singtel said that the speed enhancement is made possible by its nationwide LTE network upgrade to support 256 Quadrature Amplitude Modulation (QAM).

Metro Holdings

PROPERTY and retail group Metro Holdings has appointed Yip Hoong Mun as its group chief operating officer and also chief executive officer of Metro China Holdings.

This is part of the group's plan to further enhance its senior management team, Metro said in a news release on Wednesday.

Mr Yip, 55, spent more than 20 years with CapitaLand Group before joining Metro Holdings.

Halcyon Agri Corp

MAINBOARD-LISTED Halcyon Agri Corporation has appointed Sinochem International Corporation president Liu Hongsheng as its new non-executive chairman, with effect from Jan 16.

Sinochem International, a unit of Chinese oil and chemicals conglomerate Sinochem Group Corp, bought a majority stake in Halcyon Agri recently. Halcyon Agri's current non-executive chairman, Qin Hengde, has been reassigned within Sinochem International.

ISDN Holdings

MAINBOARD-LISTED engineering solutions company ISDN Holdings said on Wednesday that it has received "robust demand" for the public tranche of its shares which are being offered as part of the group's dual primary listing on the main board of the Stock Exchange of Hong Kong (SEHK). A total of 40 million new shares were to be issued at a price of HK$1.25 per share, of which initially 36 million were offered by way of private placement, and the remaining four million shares were offered to the Hong Kong public.

TIH Ltd

TIH Limited's wholly owned unit has inked a joint venture agreement with a wholly owned unit of Thailand-listed Loxley Public Company to invest in a K2 Venture Capital Company, a firm that will invest in startups, mostly in Thailand.

Under the agreement signed on Jan 11, TIH's Killian Court will subscribe for a 49.999 per cent interest in K2 Venture for 34.999 million baht (S$1.4 million), while Thailand-incorporated Loxbit Public Company will take up the balance in the joint-venture company.