Markets & Investing

CapitaLand Investment to divest 50% stake in ION Orchard to CICT

It will have recycled $3.6b in capital year-to-date following the divestment.

Goh family closes Ossia International buyout offer with 85.92% shares acquired

The family received valid acceptances for 23.5 million shares.

Hiap Hoe chairman Teo Ho Beng buys additional 500,000 shares

This increases his total interest in the company to 75.29%. 

GIC acquires Daiwa House’s flagship logistics facility in Yokohama

The asset spans an area of more than 126,000 square meters.

Former president Halimah Jacob joins SIAS as new chief patron

She will replace fellow former president Tony Tan.

ESR Group names Brett Krause interim board chairman

The group aims to appoint a new chairman by Q1 2025.

Dasin Retail Trust Management issues demand letter to minority directors over breach of duties

They must compensate DRTM for blocking an investment deal by a Chinese state-owned entity, amongst others.

ASL Marine net profit up 5% to $3.8m in FY2024

Earnings per share is 0.58 cents in FY2024.

Aspen Group net profit stands at $11.5m in FY2024

However, their revenue decreased by 9% YoY. 

SEEDS Capital seeks partners for co-investment in Singapore deep tech

It will set aside  $150m to promote the co-investments.

EDB to inject $32m to expand venture programme for startup collaboration

The programme boosts partnerships between Singapore-based companies and startups.

SMI Vantage faces delisting by SGX-ST

The company’s securities will be suspended on 2 September. SMI Vantage Limited has announced that the Singapore Exchange Securities Trading Limited...

SeaTown closes private credit fund with US$1.3b

The fund was launched at the end of 2022.