Markets & Investing
Sheng Siong profits up 6.6% to $37.8m in H1
Sheng Siong profits up 6.6% to $37.8m in H1
The supermarket opened 13 new stores in Q2, boosting revenue.
Ascendas REIT NPI up 11.5% in Q1
The adoption of FRS 116 boosted income.
Daily Briefing: Piermont Grand sells 46% of units on weekend launch; Stamford Land acquires mixed-use property in London for $441m
And medical lab firm Clearbridge Health raises $11.34m from a share placement.
E-scooter startup Lime withdraws LTA application for sandbox license
The company decided to “reprioritise” efforts to meet global demand.
Daily Briefing: Cycle & Carriage begins car leasing in Singapore; Influencer commerce platform RAENA secures $1.82m in funding round
And AI-powered retinal diagnostics company Leben Care Technologies raises undisclosed amount from IP Ventures.
First Sponsor Group profits rose 33.1% to $38.9m in H1
It was supported by the properties in China and the Netherlands.
Co-living operator Hmlet raised US$40m in Series B funding round
It will be used for further expansion in Singapore, Hong Kong, and Sydney.
Daily Markets Briefing: STI down 0.61%
DBS is the top active stock as it fell 0.23%.
SPH REIT unveils incremental facility notices to refinance $210m loan
The notices will have four to five-year tenures.
Diamond marketplace LUXIEE bags six-figure investment in seed round
The round was led by Roadbull Logistics vice-chairman Kewee Kho.
Utico's 88% stake acquisition in Hyflux could reach $535m
It includes a $400m commitment to the water treatment firm.
SGX RegCo launches consultation for proposed safeguards to securities market
Proposed enhancement include price collars and an extension of the auction routine.
Daily Briefing: REITS to lure investments despite 20% price hike; Recruitment platform Glints bags $9.22m in series B funding
And HDB reports 3,300 unauthorised flat rental cases during the past four years.
Novena Global Lifecare completes $475.4m merger with Xingkeduo
Novena Global Lifecare now has access to Xingkeduo’s AI-based platform and physical network of nearly 100 stores.
Daily Briefing: MAS warns wealth managers on wooing Hong Kong businesses; igloohome secures $20.4m in series B funding
And check out which agritech startups are getting the most funding.
Chinese FDI into Europe and North America down 18% in H1
Only US$12.3b was invested into these regions, the lowest activity level since 2014.
Frasers Centrepoint secures 33.3% stake in Waterway Point for $240.5m
It launched an equity fund to raise gross proceeds of $437.4m.
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