Markets & Investing
ST Telemedia to skip $350M perpetual securities redemption on January 2024
The distribution rate of securities will remain at 5.00% per annum.
ST Telemedia to skip $350M perpetual securities redemption on January 2024
The distribution rate of securities will remain at 5.00% per annum.
Dasin Retail Trust lender says internalisation of trustee-manager could delay debt restructuring
Minority investors tout the internalisation as cost-saving which could push distributions higher.
Elite Commercial REIT portfolio valuation drops to $697.5m
The valuation covers 150 properties.
SGX to launch new listing requirements for active ETFs
AUM of ETFs in Singapore has doubled since the end of 2019 to over $10b as of October 2023.
Singapore net inflows hit $263.18m in 3Q23
Equity and fixed-income funds reported inflows during the quarter.
Keppel to acquire initial 50% stake in Aermont Capital for $517m
The company expects to complete its stake acquisition in 1H24.
Nearly 8 in 10 of Singapore's wealthiest investors will divest from non-sustainable firms
Financially abundant investors prioritise ESG and sustainability factors the most when investing.
Yangzijiang Financial to invest $1b outside China over next 5 years
The company plans to increase its investments outside China over the next five years to 50%.
Singapore is 3rd in Asia with most unicorn startups: study
Singapore unicorn companies have an average valuation of $5.93b.
Less than a quarter of SGX-listed issuers have disclosed plans to achieve board diversity: study
Only a few have also reported progress on their board diversity targets.
Enterprise Singapore opens San Francisco Overseas Centre
The San Francisco centre is the agency's third office in the US.
Boustead Singapore makes an exit offer of $1.18 per share for Boustead Projects
The exit offer is unconditional.
SG’s deal volume drops 21.3% YoY in January-October 2023 period
The decline in deals was also observed across multiple APAC markets.
Singapore ranks 10th in global ranking of top unicorn-producing countries
In Asia, Singapore ranks third.
CGS-CIMB launches CSI 1000 ETF on SGX
This marks the first CSI 1000 ETF listed outside of China.
United Hampshire US REIT achieves higher net property income of US$38.7m in 9M23
The REIT’s net property income rose 12.2% YoY.
CapitaLand Investment’s revenue dips 3% YoY to $2.1b in 9M23
CLI’s real estate investment business weakened during the period.
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