Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2025-07-01
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 1 Jul, 2025 | Ever Glory United | Completed the acquisition of Guthrie Engineering (GESPL) for a total consideration of $31.53 million, | Merger & Acquisition |
| 1 Jul, 2025 | Civmec | Completed the acquisition of all the shares in shipbuilder Luerssen Australia, for A$20 million | Merger & Acquisition |
| 1 Jul, 2025 | Union Steel Holdings | Union Steel Holdings has sold 40 million shares in Eneco Energy for around $458,000 on July 1. Following the sale, Union Steel now holds about 26.11% of Eneco’s issued share capital. Its founder Ang Yu Seng and major shareholder Goi Seng Hui each also hold a 26.11% voting stake in Eneco. The company has been reducing its stake in Eneco through four asset transactions since late May. The latest sale is slightly below the shares’ weighted average cost of $471,000. | Disposal |
| 25 Jun, 2025 | Singapore Technologies Engineering (ST Engineering) | The company plans to sell its US-based construction equipment unit, LeeBoy, for US$290 million to France’s Fayat Group. The deal values LeeBoy at 9.3 times its EBITDA. After the sale, the company expects to receive net proceeds of around US$246 million, which will be used to reduce debt and save approximately US$9 million annually in interest costs. | Disposal |
| 16 Jun, 2025 | BBR Holdings | Secured $220 million in new contracts for HDB, MRT, and infrastructure projects, including the construction of four residential blocks, a multi-storey car park, a precinct pavilion, and communal facilities at Yishun Street 31; bored piling works for the Cross Island MRT Line–Punggol extension; and a large-scale infrastructure project in Eastern Singapore. These projects are scheduled to commence between June 2025 and 2029. | Contract Awarded |
| 13 Jun, 2025 | Sembcorp Industries | Completed the acquisition of an additional interest in Senoko Energy for $72 million, bringing its total stake to 50%. | Merger & Acquisition |
| 12 Jun, 2025 | Boustead Singapore | Exploring the sale of its stake in some of its logistics and industrial assets to a REIT for the potential listing on the Mainboard of the Singapore Exchange(SGX). | Proposed Listing |
| 12 Jun, 2025 | CapitaLand China Trust | Divesting CapitaMall Yuhuating to its China-listed REIT, CapitaLand Commercial C-REIT (CLCR), for at least RMB748 million. | Disposal |
| 12 Jun, 2025 | Sembcorp Industries | Sembcorp Green Infra Private Limited (SGIPL), has been awarded its first 50MW round-the-clock power project from Solar Energy Corporation of India Ltd (SECI). | Contract Awarded |
| 12 Jun, 2025 | Geo Energy | Geo Energy has entered into a sale and purchase agreement to sell its shares in Sumber Bara Jaya (SBJ) for US$18 million and will also cease being a shareholder in Bumi Enggang Khatulistiwa (BEK), a subsidiary of SBJ. After the disposal, both SBJ and BEK will no longer be part of Geo Energy. The disposal is driven by BEK being a non-core asset with low production and operational challenges, having recorded a cumulative loss of US$0.6 million from 2022 to 2024. | Disposal |
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