Corporate Updates - Singapore Exchange (SGX) - Insights

Date	Company	Event Details	Sector	Event Summary
11 Jun, 2026	Singapore Telecommunications (Singtel)	ST Telemedia Global Data Centres is accelerating its Indonesia expansion with more than 360MW of AI-ready data centre capacity under development in Jakarta. Operations have commenced at STT Jakarta 2 (24MW), while STT Jakarta 3 has topped out and STT Jakarta 5 and 6 (40MW each) have begun construction. The campus is designed to support next-generation AI workloads, featuring liquid-cooling readiness, Nvidia-compatible infrastructure and Indonesia’s first energised on-site high-voltage substation for a data centre campus. The expansion reflects rising demand for cloud and AI infrastructure in Indonesia, where data centre capacity is projected to reach 2.7GW by 2030, while also creating opportunities across power infrastructure, cooling systems, digital infrastructure supply chains and skilled workforce development through industry training and internship programmes.	Telecom Services	Expansion Plan
11 Jun, 2026	DBS Group Holdings	DBS is bringing tokenised physical gold to retail investors, allowing customers to buy digital tokens backed 1:1 by physical gold stored in Singapore vaults, with access through its banking app from 2H2026. Each token represents one gram of gold, combining the security of physical ownership with the convenience and divisibility of digital assets. The initiative broadens access to physical gold beyond institutional and accredited investors, while strengthening Singapore’s position as a gold trading and digital asset hub. For the broader market, it signals growing convergence between traditional financial assets and blockchain-based infrastructure, creating a regulated pathway for the tokenisation of real-world assets (RWAs) such as precious metals, potentially paving the way for future tokenised offerings across other asset classes.	Banks - Regional	Operation Updates
10 Jun, 2026	Credit Bureau Asia Ltd	Credit Bureau Singapore and Experian Information Services (Malaysia) Sdn Bhd signed an agreement to develop a two-way cross-border credit reporting system between Singapore and Malaysia, enabling lenders to access verified credit histories of consumers across both markets. The service is designed to support fairer assessment of credit applications such as mortgages, credit cards and business loans by reducing “new-to-credit” treatment for cross-border individuals, with data sharing to operate on consumer consent and include safeguards for privacy and regulatory compliance.	Professional Information Services	Operation Updates
10 Jun, 2026	Applied Materials Inc	Applied Materials Inc. has opened a US$500 million (S$644 million) Tampines Campus in Singapore to expand advanced cleanroom manufacturing capacity for semiconductor equipment used in AI chip production, more than doubling its existing capacity in the country. The facility is already in volume production and is expected to create about 1,000 jobs across manufacturing, R&D and field services, while strengthening Singapore’s role as a key global hub in Applied Materials’ manufacturing and advanced packaging ecosystem supporting next-generation chip development.	Semiconductors	Expansion Plan
9 Jun, 2026	Bombardier Inc	Bombardier Inc. will invest approximately S$100 million (US$78 million or RM315.75 million) to expand its maintenance and service hub at Seletar Airport, adding a new 250,000 sq ft facility that will nearly double its existing footprint and workforce. Construction is scheduled to begin in the second half of 2026, with operations targeted to commence in the second half of 2028, creating 200 skilled jobs and increasing capacity to support growing demand for next-generation business jets across the Asia-Pacific region.	Airports & Air Services	Expansion Plan
9 Jun, 2026	Wee Hur Holdings Ltd	Wee Hur Holdings Ltd has acquired One Bedford Place, a 26-storey Grade A commercial building in Tai Kok Tsui, Kowloon, with a gross floor area of 184,000 sq ft, for an undisclosed consideration. Subject to regulatory approvals, the property will be repositioned into a 500-bed purpose-built student accommodation (PBSA) asset, marking the group's second PBSA investment in Hong Kong and expanding its recurring-income portfolio in a market facing a projected student housing shortfall of about 120,000 beds by 2028.	Construction & Engineering	Merger & Acquisition
8 Jun, 2026	AsiaPhos Limited	AsiaPhos Limited has entered into a non-binding agreement to acquire a 51% stake in DC Alliance, owner of the DCA PIER data centre in Canning Vale, Western Australia, in a transaction valuing the asset at A$15 million. The proposed acquisition will be satisfied through the issuance of new AsiaPhos shares and is intended to diversify the group into the data centre sector while providing opportunities for future expansion and growth.	Agricultural Chemicals	Merger & Acquisition
8 Jun, 2026	Goodwill Entertainment Ltd	Goodwill Entertainment Ltd has entered into a sale and purchase agreement to acquire 100% of Funtech Solution for S$4 million, with the target being a Singapore-based entertainment technology firm specialising in audio-visual systems, karaoke equipment distribution, and venue technology solutions. The consideration will be funded 75% via issuance of 20 million new Goodwill Entertainment shares at 15 cents each and 25% in cash, with Funtech reporting FY2025 net profit after tax of about S$670,000 and net assets of approximately S$530,000, implying a valuation of around six times earnings.	Entertainment	Merger & Acquisition
8 Jun, 2026	Addvalue Technologies	Addvalue Technologies has secured new orders worth US$5.1 million for its space connectivity business from three unrelated customers, including one new customer, for multiple Inter-Satellite Data Relay System (IDRS) terminals supporting Earth observation and in-orbit servicing missions. The new contracts are to be fulfilled over the next 12 months and bring the group’s total order book to US$23.35 million, reflecting increased adoption of its satellite communication solutions for space operations.	Communication Equipment	Contract Awarded
8 Jun, 2026	HC Surgical Specialists	HC Surgical Specialists Ltd has entered into a sale and purchase agreement with Dr Ng Yi Kang to acquire a 51% stake in newly incorporated NYK Endoscopy and Digestive Centre Pte Ltd for S$750,000, with the entity yet to commence operations and intended to provide endoscopic procedures. The acquisition will be financed through internal resources and/or bank borrowings, and HC Surgical also signed an 11-year employment agreement with Dr Ng to manage the centre, with plans to potentially acquire the remaining 49% stake at a later stage.	Healthcare Facilities & Services	Merger & Acquisition

11 Jun, 2026

Singapore Telecommunications (Singtel)

ST Telemedia Global Data Centres is accelerating its Indonesia expansion with more than 360MW of AI-ready data centre capacity under development in Jakarta. Operations have commenced at STT Jakarta 2 (24MW), while STT Jakarta 3 has topped out and STT Jakarta 5 and 6 (40MW each) have begun construction. The campus is designed to support next-generation AI workloads, featuring liquid-cooling readiness, Nvidia-compatible infrastructure and Indonesia’s first energised on-site high-voltage substation for a data centre campus. The expansion reflects rising demand for cloud and AI infrastructure in Indonesia, where data centre capacity is projected to reach 2.7GW by 2030, while also creating opportunities across power infrastructure, cooling systems, digital infrastructure supply chains and skilled workforce development through industry training and internship programmes.

Telecom Services

Expansion Plan

11 Jun, 2026

DBS Group Holdings

DBS is bringing tokenised physical gold to retail investors, allowing customers to buy digital tokens backed 1:1 by physical gold stored in Singapore vaults, with access through its banking app from 2H2026. Each token represents one gram of gold, combining the security of physical ownership with the convenience and divisibility of digital assets. The initiative broadens access to physical gold beyond institutional and accredited investors, while strengthening Singapore’s position as a gold trading and digital asset hub. For the broader market, it signals growing convergence between traditional financial assets and blockchain-based infrastructure, creating a regulated pathway for the tokenisation of real-world assets (RWAs) such as precious metals, potentially paving the way for future tokenised offerings across other asset classes.

Banks - Regional

Operation Updates

10 Jun, 2026

Credit Bureau Asia Ltd

Credit Bureau Singapore and Experian Information Services (Malaysia) Sdn Bhd signed an agreement to develop a two-way cross-border credit reporting system between Singapore and Malaysia, enabling lenders to access verified credit histories of consumers across both markets. The service is designed to support fairer assessment of credit applications such as mortgages, credit cards and business loans by reducing “new-to-credit” treatment for cross-border individuals, with data sharing to operate on consumer consent and include safeguards for privacy and regulatory compliance.

Professional Information Services

Operation Updates

10 Jun, 2026

Applied Materials Inc

Applied Materials Inc. has opened a US$500 million (S$644 million) Tampines Campus in Singapore to expand advanced cleanroom manufacturing capacity for semiconductor equipment used in AI chip production, more than doubling its existing capacity in the country. The facility is already in volume production and is expected to create about 1,000 jobs across manufacturing, R&D and field services, while strengthening Singapore’s role as a key global hub in Applied Materials’ manufacturing and advanced packaging ecosystem supporting next-generation chip development.

Semiconductors

Expansion Plan

9 Jun, 2026

Bombardier Inc

Bombardier Inc. will invest approximately S$100 million (US$78 million or RM315.75 million) to expand its maintenance and service hub at Seletar Airport, adding a new 250,000 sq ft facility that will nearly double its existing footprint and workforce. Construction is scheduled to begin in the second half of 2026, with operations targeted to commence in the second half of 2028, creating 200 skilled jobs and increasing capacity to support growing demand for next-generation business jets across the Asia-Pacific region.

Airports & Air Services

Expansion Plan

9 Jun, 2026

Wee Hur Holdings Ltd

Wee Hur Holdings Ltd has acquired One Bedford Place, a 26-storey Grade A commercial building in Tai Kok Tsui, Kowloon, with a gross floor area of 184,000 sq ft, for an undisclosed consideration. Subject to regulatory approvals, the property will be repositioned into a 500-bed purpose-built student accommodation (PBSA) asset, marking the group's second PBSA investment in Hong Kong and expanding its recurring-income portfolio in a market facing a projected student housing shortfall of about 120,000 beds by 2028.

Construction & Engineering

Merger & Acquisition

8 Jun, 2026

AsiaPhos Limited

AsiaPhos Limited has entered into a non-binding agreement to acquire a 51% stake in DC Alliance, owner of the DCA PIER data centre in Canning Vale, Western Australia, in a transaction valuing the asset at A$15 million. The proposed acquisition will be satisfied through the issuance of new AsiaPhos shares and is intended to diversify the group into the data centre sector while providing opportunities for future expansion and growth.

Agricultural Chemicals

Merger & Acquisition

8 Jun, 2026

Goodwill Entertainment Ltd

Goodwill Entertainment Ltd has entered into a sale and purchase agreement to acquire 100% of Funtech Solution for S$4 million, with the target being a Singapore-based entertainment technology firm specialising in audio-visual systems, karaoke equipment distribution, and venue technology solutions. The consideration will be funded 75% via issuance of 20 million new Goodwill Entertainment shares at 15 cents each and 25% in cash, with Funtech reporting FY2025 net profit after tax of about S$670,000 and net assets of approximately S$530,000, implying a valuation of around six times earnings.

Entertainment

Merger & Acquisition

8 Jun, 2026

Addvalue Technologies

Addvalue Technologies has secured new orders worth US$5.1 million for its space connectivity business from three unrelated customers, including one new customer, for multiple Inter-Satellite Data Relay System (IDRS) terminals supporting Earth observation and in-orbit servicing missions. The new contracts are to be fulfilled over the next 12 months and bring the group’s total order book to US$23.35 million, reflecting increased adoption of its satellite communication solutions for space operations.

Communication Equipment

Contract Awarded

8 Jun, 2026

HC Surgical Specialists

HC Surgical Specialists Ltd has entered into a sale and purchase agreement with Dr Ng Yi Kang to acquire a 51% stake in newly incorporated NYK Endoscopy and Digestive Centre Pte Ltd for S$750,000, with the entity yet to commence operations and intended to provide endoscopic procedures. The acquisition will be financed through internal resources and/or bank borrowings, and HC Surgical also signed an 11-year employment agreement with Dr Ng to manage the centre, with plans to potentially acquire the remaining 49% stake at a later stage.

Healthcare Facilities & Services

Merger & Acquisition