Markets & Investing
APAC IPO proceeds ballooned 80% to US$3.1b
APAC IPO proceeds ballooned 80% to US$3.1b
Vietnam led the growth with a real estate developer listing of US$3.1b.
Singapore IPO proceeds plummeted 20% to US$408m
Small-cap listings dominated the market amidst uncertainty and trade tensions.
Singapore firms' payment performance weakened in Q2
Prompt payments fell slightly by 1.65 ppt to 49.55% of total transactions.
Daily Briefing: Fuel shortage in Asia pushed Singapore oil prices to a 3-year high; Starhub welcomes new CEO
And Golden Gate Ventures joined a $19.9m funding for a Singapore care-giving startup.
ComfortdelGro buys 49% stake in Australian car repair firm for $943,000
WSRC provides repair and maintenance of vehicles.
9 in 10 planned M&A deals failed in the past year
Nearly 3 in 5 bosses blamed competition and disagreement over the valuation price.
PropNex Realty debuts on SGX Mainboard at 68.5 cents per share
Its $240m market cap boosted the real estate cluster's cap to $179b.
EDBI joins US$220m funding for China bio-pharma player
I-Mab will use the fund to further develop its pre-clinical and clinical assets.
PropNex Realty raises $38m from IPO
Its publicly offered shares were 24.6 times oversubscribed.
Temasek invests $341.65m in US tech firm
The Singapore wealth fund is UST Global's first institutional investor.
Courts Asia offers to buy back $75m worth of 5.75% notes due 2019
The firm's existing cash surplus will fund their offering.
Hong Leong Asia to lose $43.5m over Chinese unit's restructure
Hong Leong Asia expects a loss of $43.5m due to the restructuring exercise of its consumer products unit Xinfei.
SGX adds 3 Mainboard issue managers and 2 Catalist sponsors
One of the issue managers targets real estate firms in Tier 1 and 2 cities in China.
Singapore's leading startup players to gather at SBR Hottest Startups Panel Briefing 2018
It will be held in Suntec Singapore on 29 August 2018.
SGX opens listing to firms with dual class shares
It set rules on voting rights for shareholders regardless of class.
GIC eyes stake in rival of its Australian retirement village firm
Gateway Lifestyle Group is Australia’s largest operator of land lease communities.
8Telecom eyes $2.3m from 22.48m subscription shares
Proceeds will fund future acquisitions and the company's operating costs.
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