Corporate News - Singapore Exchange (SGX)
2022-12-06
Category: Corporate Development
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies. Track corporate activities such as contract awarded, disposal, merger & acquisition, private placement, rights issue, restructuring, regularisation plan, etc., and study corporate development with ease by using the filter.
Daily compilation of corporate news and activities on SGX listed companies. Track corporate activities such as contract awarded, disposal, merger & acquisition, private placement, rights issue, restructuring, regularisation plan, etc., and study corporate development with ease by using the filter.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 5 Dec, 2022 | Amcorp Global Limited | 55% owned subsidiary, Potts Point Hospitality Pty Ltd is selling the Larmont Hotel, located at 2-14 Kings Cross Road, Potts Point, in Sydney, Australia to Pro-invest Potts Point Trust for AUD 43 million. | Disposal |
| 5 Dec, 2022 | Isoteam Ltd | Proposed transfer of its non-core assets to a private equity fund manager, Multi-Asset Growth Strategy VCC. The asset involved 100% stake in both ISOTeam Access Pte Ltd and ISOTeam Green Solutions Pte Ltd as well as 48% interest in SGBike Pte Ltd | Restructuring |
| 5 Dec, 2022 | Imperium Crown Limited | Proposed disposal of the land use rights of land located in Shandong Province, China and proposed disposal of the Wonder Stone Hotel for RMB 28.97 million. | Disposal |
| 1 Dec, 2022 | Global Palm Resources Holdings Limited | Enter into a subscription agreement with GAO Black Lotus VCC for the account of ASV Fund (Sub-Fund). The investment objective of the Sub-Fund is to generate long-term capital growth by investing primarily in companies that have significant business operations in the Asia-Pacific region. | Merger & Acquisition |
| 1 Dec, 2022 | Aspial Lifestyle Limited | Acquire 65% stake in Maxion Holdings Sdn Bhd for RM 30.71 million. The company is involved in the business of pawnbrokers. | Merger & Acquisition |
| 30 Nov, 2022 | LHN Ltd | Disposal of the property located at 40 Amber Road for SGD 46 million. LHN Ltd owns 50% of the property. | Disposal |
| 29 Nov, 2022 | Singapore Airlines | Indian conglomerate Tata, has agreed to merge Air India and Vistara. Tata earlier this year gained control of Air India while Vistara is an existing joint venture between Tata and SIA. As part of the deal, SIA will be investing INR 20.6 billion ($360 million) in Air India, giving SIA a 25.1% stake in an enlarged Air India group. | Merger & Acquisition |
| 29 Nov, 2022 | Accrelist Ltd | Disposal of the entire 49% stake in Ozhean Accrelist Aesthetics Sdn Bhd to Ozhean Sdn Bhd for RM 2.14 million. | Disposal |
| 25 Nov, 2022 | World Precision Machinery Limited | Proposed acquisition of 3 adjoining plots of land in Rojana Industrial Park Ayutthaya spanning 84,832 sqm for THB 153,573,500. | Merger & Acquisition |
| 24 Nov, 2022 | Link REIT | Raised HK$3.3 billion via the issuance of five-year convertible bonds due 2027, with a coupon rate of 4.5% p.a. The bonds are convertible into Link’s new units at an initial conversion price of HK$61.92 per unit. | Cash Call |
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