Daily Briefing: TenX merges Bitcoin and Visa systems in card; Union Gas Holdings debuts at SGX

And Hoi Hup Realty's Hundred Palms Residences gets sold out.

From Bloomberg via Yahoo!: TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: the dollars, yen and euros that power most everyday commerce. The company said it takes a 2 percent cut from each transaction, which are limited to $2,000 a year, and has received orders for more than 10,000 cards.

From Dollars and Sense via Yahoo!: The latest IPO on the market is Union Gas, a provider of fuel products in Singapore with more than 40 years of operating track record. Their business has 3 main segments: (1) Retail LPG Business, (2) CNG Business and (3) Diesel Business. They are amongst the biggest suppliers of bottled LPG cylinders for domestic use, serving more than 140,000 households. With regards to their LPG business, it is important to note that more Singaporean households are opting to switch to piped gas. Union Gas intends to distribute at least 50% of its net profit as dividends for FY2017.

From PropertyGuru: Property developer Hoi Hup Realty sold all 531 units (100 percent) at its Hundred Palms Residences executive condominium (EC) at Yio Chu Kang Road on launch day yesterday (22 July). Hundreds of buyers turned up at the project’s showflat at the junction of Hougang Avenue 2 and Yio Chu Kang Road as early as 10am to pick their units. The EC comprises 531 three- to five-bedroom apartments from 883 to 1,636 sq ft spread across nine towers. Prices ranged from $715,000 to $1.288 million.

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