Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2025-07-18
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 18 Jul, 2025 | Combine Will International Holdings | Combine Will International’s indirect wholly-owned subsidiary, Dongguan Combine Will Tengda Technology Company Ltd (DCWTT), plans to acquire a 15,712.44 sqm land parcel in Tianraobu village, Hengli town, Dongguan, China, from the local joint stock economic cooperative for RMB12.4 million (approximately $2.2 million). The group intends to develop a manufacturing facility on the site to house a service centre and one of its toy manufacturing units. The land transfer term is 50 years and follows the company’s earlier disposal of land in Shenshan industrial area, also in Hengli town, announced in November 2024. | Merger & Acquisition |
| 17 Jul, 2025 | Singapore Technologies Engineering (ST Engineering) | Singapore Technologies Engineering and Singapore Power are divesting their broadband joint venture SPTel to Seraya Partners for an enterprise value of $290 million. ST Engineering, which acquired a 51% stake in May 2017, expects to record a one-off gain of about $80 million from the sale, based on SPTel’s carrying value of approximately $65 million. | Disposal |
| 15 Jul, 2025 | H2G Green | GasHubUnited Utility, a subsidiary of SGX-listed H2G Green, has signed two memorandums of understanding (MOUs) for power generation projects in the Philippines with a combined capacity of at least 332 megawatts. The first MOU, signed with Primelectric Holdings, involves converting and upgrading a 24MW diesel-powered barge into a 32MW natural gas-fueled power barge. Both parties will conduct a feasibility study and aim to finalise a binding agreement within three months from the MOU date, which was signed on July 10. The second MOU was signed with MabuhayPower Holdings Corporation, which is developing a 300MW LNG power plant. Under this agreement, GasHub will provide technical expertise along with a floating LNG storage unit and an onshore facility for regasification and cold energy recovery. The recovered cold energy will be used to operate a cold storage facility and a data centre, marking a significant step forward in integrating energy infrastructure with industrial and digital applications. | Business Venture |
| 15 Jul, 2025 | Seatrium | Secured a US$400 million sustainability-linked revolving credit facility with UOB. | Cash Call |
| 14 Jul, 2025 | Mooreast Holdings | Mooring specialist Mooreast Holdings has partnered with Norway-based GeoProvider AS to strengthen capabilities in offshore data analysis and enhance its value proposition to the floating offshore renewable energy market. | Operation Updates |
| 14 Jul, 2025 | BRC Asia | A contract worth approximately $570 million has been awarded for the supply of steel reinforcement for the substructure works of Singapore's upcoming Terminal 5 at Changi Airport. The contract was secured from the joint venture between the Singapore branch of China Communications Construction Company and Obayashi Singapore, both of which are involved in the large-scale infrastructure project. | Contract Awarded |
| 14 Jul, 2025 | King Wan Corporation | The company secured contracts worth approximately $28.3 million between April and June for mechanical and electrical works across several projects, including a proposed residential flats development at Beach Road/Nicoll Highway, a food factory at Kallang Way, and a landed housing project at Luxus Hill Heights. All contracts are expected to be completed by 2028. | Contract Awarded |
| 11 Jul, 2025 | Aster Chemicals and Energy | Aster Chemicals and Energy, a joint venture between Indonesia’s Chandra Asri Group and global commodities trader Glencore, is in exclusive negotiations to acquire ExxonMobil Corp’s network of 59 Esso petrol stations in Singapore. Exxon has engaged an adviser to facilitate the sale, which is estimated to be valued at around US$1 billion. | Merger & Acquisition |
| 10 Jul, 2025 | GRC | GRC has secured a $242.7 million contract to construct five new Housing & Development Board (HDB) flats along with adjacent facilities. The project is set to begin in the second half of 2025 and will span 39 months. GRC primarily consists of the construction business formerly under Chip Eng Seng Corp, which was privatised in early 2023 and later acquired by OKH Global for $118.5 million via new share issuance priced at 5.252 cents each. | Contract Awarded |
| 1 Jul, 2025 | Ever Glory United | Completed the acquisition of Guthrie Engineering (GESPL) for a total consideration of $31.53 million, | Merger & Acquisition |
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