Markets & Investing
China Jinjiang Environment Holding shareholders to sell 29.79% stake for $320m
Around 430 million shares will be sold to Zhejiang Energy International and Zheneng Capital Holdings Co.
China Jinjiang Environment Holding shareholders to sell 29.79% stake for $320m
Around 430 million shares will be sold to Zhejiang Energy International and Zheneng Capital Holdings Co.
SGX daily average value dipped 18% to $1.1b in May
Total derivatives traded volume however surged 46% YoY to 24.2 million contracts.
Six more firms join SGX watchlist
All failed to have a volume-weighted average price of at least $0.20 per share.
Attilan Group receives delisting notice from SGX
Trading in the company’s securities will continue until 5:16 p.m. on 3 July.
ComfortDelGro invests $136.6m in three tech startups
These startups are SWAT, Haulio and Israel-based Foretellix.
Daily Briefing: Temasek and Tencent invest $47.8m in London-based fintech; GIC raises stake in Julius Baer
And Credit Counselling Singapore has launched programme to help cash-strapped SMEs.
ayondo chairman files share transfer notice six months late
The shares were transferred to existing shareholders of the firm on 22 November 2018 via Next Generation Finance Management AG.
SPH to issue $150m perpetual securities
They will be issued in denominations of $250,000 on 7 June.
No binding agreement with Utico yet: Hyflux
The move comes after the UAE-based firm offered a part cash redemption to its retail investors.
SGX's industrial stocks amassed institutional flows of $189.9m YTD
ComfortDelGro led the pack with a YTD total return of 18.1%.
Retail startup Trax looks to raise US$1.1b
The moves come as Trax is planning for an IPO in the next 18 to 24 months.
Utico offers part cash redemption to Hyflux investors
Small investors of up to $3,000 could get 50% cash redemption.
SGX greenlights Alliance Mineral Assets' additional share listing
The proceeds will be used for upgrades at its processing facilities in Western Australia.
Vibrant Group to sell Sabana REIT stake
The net proceeds will be used to conduct a partial redemption of the Series 003 $66m 7.5% notes due 2020.
Allied Technologies kills $130m deal with Lim Yew Ming
It will no longer buy Aik Chuan Construction and its subsidiaries.
Daily Briefing: Smart wearables startup KaHa bags US$6.2m in series B funding; Singapore-based hospitality firm to build US$40m resort in Phuket
And edtech startup Cudy has raised an undisclosed amount in a seed funding round.
Chinese EV manufacturer completes US$20m investment in Dragon Group arm
It now owns 40% of lithium ion battery firm EoCell.
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