Markets & Investing
Utico's 88% stake acquisition in Hyflux could reach $535m
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.
Daily Briefing: Higher premiums may loom amidst SGXRegCo's new delisting rules; Indonesia to set up sea bridge with Singapore
And Vietnam-based KinderWorld International Group scraps its planned SGX IPO.
Parenting startup theAsianparent raises series C funding
It will use the proceeds for its planned expansion into Asia and Africa.
SGX RegCo alters two voluntary delisting rules
Offerors and concert parties must abstain from voting on the delisting resolution.
Court convicts three individuals for insider trading
The individuals carried out a front-running arrangement over a seven-year period, resulting in profits of $8.07m.
Daily Briefing: Dyson founder snaps up Singapore's priciest apartment for $73.8m; Logistics startup Ezyhaul bags $21.8m in series B funding
And fintech Asenso Tech secures $1.6m investment.
Prime US REIT launches IPO to raise $1.1b
IPO is priced at $1.20 per unit.
Dragon Group seeks clarification for proposed exit offer
Its controlling shareholder is still working on a cash exit offer pursuant to the firm’s delisting.
Half of SMEs still ineligible for financing in 2018
Poor cash flow and low annual revenue stall their opportunities.
MAS mulls changes to S-REIT leverage limits
REITs may soon be able to take on more leverage if they meet the minimum ICR.
Daily Briefing: Talent war heats up amidst virtual bank race; Audio recording will soon be allowed inside taxis
And check out these non-tech banking jobs that pay out over $10,000 after just three years.
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