Markets & Investing
CDL secures $400m TNFD targets-aligned sustainability-linked loan from DBS
                                                                                 
                    
                    The SGX-listed builder has now secured over $8b in sustainable loans since 2017. 
                
                                
            CDL secures $400m TNFD targets-aligned sustainability-linked loan from DBS
                                                                                                                 
                            
                            The SGX-listed builder has now secured over $8b in sustainable loans since 2017. 
                        
                                                
                        
    
                    Top 10 Singapore-listed firms book 37% total return in Q2
                                                                                                 
                        
                        Myanmar conglomerate Yoma Strategic led the quarter with a 157% total return.
                    
                                        
                    
                Accrelist acquires 28.53% stake in MClean Technologies
                                                                                                 
                        
                        The company acquired the stake for $2.57m.
                    
                                        
                    
                Asian collectors embrace newer artists, contemporary art to diversify collections
                                                                                                 
                        
                        Japan’s Teppei Takeda and China’s Sun Yitian are amongst the emerging names in Asia.
                    
                                        
                    
                Valuetronics invests $7.7m in AI JV with SinnetCloud HK
                                                                                                 
                        
                        Valuetronics will hold 55% interest in the JV.
                    
                                        
                    
                Best World’s exit offer ‘fair and reasonable' - IFA
                                                                                                 
                        
                        It estimates that the value of each share ranges between $1.36 and $2.69.
                    
                                        
                    
                OCBC bags over 90% of Great Eastern’s shares, trade suspension to take effect
                                                                                                 
                        
                        Trade suspension will be lifted if Great Eastern's public float rebounds to at least 10%.
                    
                                        
                    
                SingPost settles share transfer issue with Famous Holdings
                                                                                                 
                        
                        Famous Holdings will transfer 37.5% shares to SingPost Logistics Investments.
                    
                                        
                    
                ESR Group receives no objection letter from Shanghai Stock Exchange for logistics REIT spin-off
                                                                                                 
                        
                        The CSRC has also approved the registration of the REIT.
                    
                                        
                    
                SIAS cites ‘dilemma’ for minority shareholders amidst OCBC's GE offer
                                                                                                 
                        
                        OCBC earlier announced a $1.4b offer to acquire the remaining 11.56% stake in GE.
                    
                                        
                    
                Singapore dominates Southeast Asia tech funding
                                                                                                 
                        
                        The city accounted for 68% of total funds raised in SEA in H1 2024.
                    
                                        
                    
                Carro secures $75m multi-currency loan from HSBC
                                                                                                 
                        
                        The loan will boost the company’s liquidity.
                    
                                        
                    
                Daily Markets Briefing: STI up 0.07%; Jardine Cycle & Carriage is top stock
                                                                                                 
                        
                        Jardine Cycle & Carriage posted a 1.53% growth.
                    
                                        
                    
                Sabana Industrial REIT launches $100m sustainability bonds
                                                                                                 
                        
                        The bonds have a coupon rate of 4.15%.
                    
                                        
                    
                Singapore's YoY investment volume plunges 34.7% in Q1
                                                                                                 
                        
                        The commercial sector is seeing the biggest decline.
                    
                                        
                    
                Kuok Khoon Hong raises stake in Wilmar International to 14.1%
                                                                                                 
                        
                        Kuok currently holds 880.1 million shares in Wilmar.
                    
                                        
                    
                85 Singaporean companies included in Fortune’s SEA 500 rankings
                                                                                                 
                        
                        Trafigura, Wilmar, Olam, Flex, and DBS all made it into the top 10.
                    
                                        
                    
                 
            	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                             
                             
                     
                             
                             
                     
                             
                             
                     
                             
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                 
                 
                 
                 
                 
                 
                