Corporate Updates - Singapore Exchange (SGX) - Insights

Date	Company	Event Details	Sector	Event Summary
9 May, 2026	AJJ Medtech	AJJ Medtech has secured a four-year supply contract worth approximately S$3 million with a network of Singapore healthcare institutions for biodegradable medical consumables. The contract will commence on June 1, 2026, with an initial tenure of two years and an option to extend for an additional two years. Following this award, the company’s total contracted institutional revenue pipeline exceeds S$8 million, to be recognised over the next three to five years.	Medical Devices	Contract Awarded
8 May, 2026	Jardine Matheson	A unit of Jardine Matheson is exploring a potential sale of its car dealership business in Malaysia and Singapore. Jardine Cycle & Carriage Ltd is working with an adviser and has approached potential buyers, with the business estimated to be worth between US$250 million and US$350 million. Discussions are ongoing and may not result in a transaction. The dealership business operates automotive retail and aftersales services for new and used vehicles in Malaysia and Singapore, representing brands including Mercedes-Benz, Mitsubishi, Kia, Citroën and Peugeot. Jardine Matheson owns about 85% of Jardine Cycle & Carriage Ltd	Industrial Conglomerates	Disposal
7 May, 2026	Huationg Global	Huationg Global plans to invest S$58 million to develop a workers’ dormitory after acquiring a 4,385 sq m 45-year leasehold site at Lot 8244M of Mukim 27 from an unrelated third party. Construction is scheduled to begin in the second half of 2026, with completion targeted for the second half of 2028 and operations expected to commence in the first half of 2029.	Construction & Engineering	Operation Updates
7 May, 2026	Justco	JustCo filed a preliminary prospectus for a listing on the Mainboard of the Singapore Exchange. Founded in 2011 by Kong Wan Sing with a single 3,132 sq ft office at Samsung Hub, the company has expanded to 54 centres across 12 cities in Asia-Pacific, offering about 37,500 workstations across 1.89 million sq ft of net leasable area. The company plans to expand further through its three brands — The Boring Office, JustCo and The Collective — with targeted growth into India, Malaysia, the Philippines, Hong Kong, Dubai and Saudi Arabia. IPO proceeds will be used to expand net leasable area by 689,000 sq ft in FY2026 and another 281,000 sq ft in FY2027. Major shareholders include GIC with a 29.06% stake and Frasers Property with 22.52%. Cornerstone investors include Avanda Investment Management, JPMorgan Asset Management, Amova Asset Management and Maybank Asset Management.	Real Estate Services	Proposed Listing
7 May, 2026	CapitaLand Investment	Singapore retailers expanding into Johor Bahru (JB) will receive support from CapitaLand Investment (CLI) and the Singapore Retailers Association (SRA). Both parties will pilot retail concepts such as pop-ups, and organise knowledge-sharing sessions on Johor Bahru’s consumer landscape, under a memorandum of understanding (MOU) signed at the groundbreaking of Phase 2 of Coronation Square	Real Estate Services	Operation Updates
7 May, 2026	Duty Free International Ltd	Duty Free International Ltd, a subsidiary of Atlan Holdings Bhd, proposed a renounceable rights issue of up to 399.4 million warrants on the basis of one warrant for every three existing shares to support working capital needs and future growth plans. The warrants will have a five-year exercise period, with an issue price of 0.1 Singapore cent and an exercise price of 8.5 Singapore cents per warrant. The exercise is expected to raise about S$200,000 from the warrant subscription and up to S$33.9 million if all warrants are exercised. Atlan Holdings Bhd undertook to subscribe to its entitlement of 301.68 million warrants and any remaining unsubscribed warrants under the exercise.	Airport Services	Fund Raising
6 May, 2026	SATS	Sats has acquired an additional 40% stake in Chinese aviation food manufacturer, Nanjing Weizhou Airline Food Corp (NWA), for RMB312.6 million ($58.3 million)	Airports & Air Services	Merger & Acquisition
5 May, 2026	MetaOptics	MetaOptics has filed its draft prospectus to list on the Nasdaq on 4 May 2026 (US time), as part of its planned dual-listing strategy following its earlier listing on the Singapore Exchange Catalist board in September 2025. The company had previously indicated in November 2025 that the Nasdaq listing would support expansion in the United States, including strengthening its metalens design and fabrication capabilities and improving proximity to potential customers. The net proceeds from the US listing are intended mainly to fund expansion plans in the United States.	Semiconductors	Proposed Listing
5 May, 2026	Ley Choon Group	Ley Choon Group’s subsidiary, Ley Choon Constructions and Engineering Pte. Ltd, has secured contracts worth $35.6 million for the laying of underground utility services. The projects are expected to be completed over a period of 24 to 36 months.	Engineering & Construction	Contract Awarded
4 May, 2026	Singapore Airlines Ltd	Singapore Airlines Ltd will begin rolling out a Starlink broadband service on its flights from 2027, with the system promising faster connectivity than its existing in-flight offering. The service will be available on SIA’s Airbus SE A350-900 long-haul, A350-900 ultra-long-range, and A380 aircraft, with full deployment expected by the end of 2029, the carrier said in a statement.	Airlines	Operation Updates

9 May, 2026

AJJ Medtech

AJJ Medtech has secured a four-year supply contract worth approximately S$3 million with a network of Singapore healthcare institutions for biodegradable medical consumables. The contract will commence on June 1, 2026, with an initial tenure of two years and an option to extend for an additional two years. Following this award, the company’s total contracted institutional revenue pipeline exceeds S$8 million, to be recognised over the next three to five years.

Medical Devices

Contract Awarded

8 May, 2026

Jardine Matheson

A unit of Jardine Matheson is exploring a potential sale of its car dealership business in Malaysia and Singapore. Jardine Cycle & Carriage Ltd is working with an adviser and has approached potential buyers, with the business estimated to be worth between US$250 million and US$350 million. Discussions are ongoing and may not result in a transaction. The dealership business operates automotive retail and aftersales services for new and used vehicles in Malaysia and Singapore, representing brands including Mercedes-Benz, Mitsubishi, Kia, Citroën and Peugeot. Jardine Matheson owns about 85% of Jardine Cycle & Carriage Ltd

Industrial Conglomerates

Disposal

7 May, 2026

Huationg Global

Huationg Global plans to invest S$58 million to develop a workers’ dormitory after acquiring a 4,385 sq m 45-year leasehold site at Lot 8244M of Mukim 27 from an unrelated third party. Construction is scheduled to begin in the second half of 2026, with completion targeted for the second half of 2028 and operations expected to commence in the first half of 2029.

Construction & Engineering

Operation Updates

7 May, 2026

Justco

JustCo filed a preliminary prospectus for a listing on the Mainboard of the Singapore Exchange. Founded in 2011 by Kong Wan Sing with a single 3,132 sq ft office at Samsung Hub, the company has expanded to 54 centres across 12 cities in Asia-Pacific, offering about 37,500 workstations across 1.89 million sq ft of net leasable area. The company plans to expand further through its three brands — The Boring Office, JustCo and The Collective — with targeted growth into India, Malaysia, the Philippines, Hong Kong, Dubai and Saudi Arabia. IPO proceeds will be used to expand net leasable area by 689,000 sq ft in FY2026 and another 281,000 sq ft in FY2027. Major shareholders include GIC with a 29.06% stake and Frasers Property with 22.52%. Cornerstone investors include Avanda Investment Management, JPMorgan Asset Management, Amova Asset Management and Maybank Asset Management.

Real Estate Services

Proposed Listing

7 May, 2026

CapitaLand Investment

Singapore retailers expanding into Johor Bahru (JB) will receive support from CapitaLand Investment (CLI) and the Singapore Retailers Association (SRA). Both parties will pilot retail concepts such as pop-ups, and organise knowledge-sharing sessions on Johor Bahru’s consumer landscape, under a memorandum of understanding (MOU) signed at the groundbreaking of Phase 2 of Coronation Square

Real Estate Services

Operation Updates

7 May, 2026

Duty Free International Ltd

Duty Free International Ltd, a subsidiary of Atlan Holdings Bhd, proposed a renounceable rights issue of up to 399.4 million warrants on the basis of one warrant for every three existing shares to support working capital needs and future growth plans. The warrants will have a five-year exercise period, with an issue price of 0.1 Singapore cent and an exercise price of 8.5 Singapore cents per warrant. The exercise is expected to raise about S$200,000 from the warrant subscription and up to S$33.9 million if all warrants are exercised. Atlan Holdings Bhd undertook to subscribe to its entitlement of 301.68 million warrants and any remaining unsubscribed warrants under the exercise.

Airport Services

Fund Raising

6 May, 2026

SATS

Sats has acquired an additional 40% stake in Chinese aviation food manufacturer, Nanjing Weizhou Airline Food Corp (NWA), for RMB312.6 million ($58.3 million)

Airports & Air Services

Merger & Acquisition

5 May, 2026

MetaOptics

MetaOptics has filed its draft prospectus to list on the Nasdaq on 4 May 2026 (US time), as part of its planned dual-listing strategy following its earlier listing on the Singapore Exchange Catalist board in September 2025. The company had previously indicated in November 2025 that the Nasdaq listing would support expansion in the United States, including strengthening its metalens design and fabrication capabilities and improving proximity to potential customers. The net proceeds from the US listing are intended mainly to fund expansion plans in the United States.

Semiconductors

Proposed Listing

5 May, 2026

Ley Choon Group

Ley Choon Group’s subsidiary, Ley Choon Constructions and Engineering Pte. Ltd, has secured contracts worth $35.6 million for the laying of underground utility services. The projects are expected to be completed over a period of 24 to 36 months.

Engineering & Construction

Contract Awarded

4 May, 2026

Singapore Airlines Ltd

Singapore Airlines Ltd will begin rolling out a Starlink broadband service on its flights from 2027, with the system promising faster connectivity than its existing in-flight offering. The service will be available on SIA’s Airbus SE A350-900 long-haul, A350-900 ultra-long-range, and A380 aircraft, with full deployment expected by the end of 2029, the carrier said in a statement.

Airlines

Operation Updates