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Toy designer Mighty Jaxx raises $2.15m pre-investment funds

It will be used to develop a blockchain-powered, machine learning ecosystem.

Toy designer Mighty Jaxx raises $2.15m pre-investment funds

It will be used to develop a blockchain-powered, machine learning ecosystem.

Biolidics calls for trade halt pending reimbursements for cancer tests

The fees related to the tests will be reimbursed by China’s National Healthcare Security Administration under its national basic medical insurance programme.

SIA inks $4.7m marketing deal with Tourism Western Australia

The agreement extends the firms’ 20-year partnership.

Malaysian telco redONE makes Singapore debut

Its basic monthly subscriptions start from $8 a month.

Insurtech startup Singapore Life clinches $121.8m funding from Sumitomo Life

Its total funding to date has hit $207.09m. Homegrown wealthtech and life insurance firm Singapore Life secured a $121.8m (US$90m) investment from Japanese firm Sumitomo Life Insurance, in a funding round that brings its total funding to $207.9m (US$153m). Through this transaction, Sumitomo Life acquired approximately 25% of the total shares in Singapore Life. “Consumers today have access to thousands of financial products and services, yet none are fully integrated and compatible to their mobile-first lifestyles. Now with the backing of Sumitomo Life, in addition to our existing shareholders who recognise this, we will reshape the way that consumers experience financial services for the better and unlock the potential of money for everyone,” Walter de Oude, founder and CEO of Singapore Life, said. Through the funding, Singapore Life eyes to create a connected consumer financial journey and interface, from life insurance to money and wealth management. The investment follows earlier funding rounds from Aflac Incorporated and Aberdeen Asset Management in early 2019. “We foresee rapid growth in the life insurance markets in Southeast Asia and Singapore in particular,” Masahiro Hashimoto, president and CEO of Sumitomo Life, said. 

Thomson Medical Group sets up $500m multicurrency debt issuance programme

The net proceeds will finance its borrowings, expansions and capital expenditure.

Singapore exports to receive faster clearance to New Zealand

Customs-certified firms will undergo less documentary and cargo inspections.

Closing date for Boardroom exit offer extended to 12 July

As at 27 June, Salacca will own and control 88.13% of the total number of Boardroom shares.

Nico Steel Holdings gets one year extension to exit SGX watchlist

It has recorded pre-tax profits of $635,431.68 based on consolidated audited accounts in February 2019.

Sunpower Group clinches $6.67m manufacturing and services contract

It will design and construct long-distance distribution steam pipelines and a smart energy station for State Power Investment Corporation.

2-24 Phoenix Road revives en bloc bid for $42m

The 5,853.1-sqm property in Bukit Panjang was originally put up for sale on 29 November 2018.

Oxley buys 40% stake in Malaysian developer for $6.56m

This comprises four million ordinary shares and 16 million redeemable convertible preference shares.

AXA Insurance launches issuance investment-linked plan

Customers can choose a mortgage insurance premium running from 10-30 years.

Ascendas India Trust to buy IT special economic zone

The IT/ITES SEZ development has a total net leasable area up to 1.8m sqft.

ISR Capital inks deal to develop rare earth oxide project in Africa

The 238-km2 concession area in northwestern Madagascar was acquired through a 60% stake in Tantalum Holding Mauritius.

Three adjoining shophouses in Little India for sale at $11m

The properties, with individual land titles, sit on a combined land area of about 3,870 sqft.