Corporate Updates - Singapore Exchange (SGX) - Insights

Date	Company	Event Details	Sector	Event Summary
30 Jul, 2026	Jardine Cycle & Carriage	Jardine Cycle & Carriage Limited will distribute a special cash dividend of US$0.37 per share and 0.001828 Toyota Motor Corporation shares for each share held, equivalent to approximately US$0.36 per share based on Toyota’s July 29 closing price, in addition to an interim dividend of US$0.28 per share. The one-off distributions provide shareholders with an illustrated total value of US$0.73 per share and will reduce net tangible assets per share from US$19.72 to US$18.95, while the company plans to rename itself Jardine Matheson Southeast Asia.	Consumer Goods Conglomerates	Others
30 Jul, 2026	HRnetGroup	HRnetGroup Limited’s Octomate secured a contract from Mandai Wildlife Group to implement a cloud-based workforce management system for full-time and part-time employees across multiple locations within Mandai Wildlife Reserve. The solution will provide geo-location-enabled mobile attendance tracking, timesheet and overtime management, payroll integration and AI-enabled staff rostering, with no material financial impact expected for the group.	Employment Services	Contract Awarded
30 Jul, 2026	ESR Reit	ESR-REIT will divest 12 Ang Mo Kio Street 65, a 16,754 sqm high-specifications industrial property in Singapore, for S$33.3 million, representing a 2.1% premium to its June 2026 valuation of S$32.6 million. The transaction is targeted for completion in the third quarter of 2026, with net proceeds allocated to debt repayment, potential acquisitions, asset enhancement initiatives, redevelopment and working capital.	REIT - Industrial	Disposal
30 Jul, 2026	Hongkong Land Holdings Limited	Hongkong Land Holdings Limited, through the Singapore Central Private Real Estate Fund, will acquire Wheelock Place from Wharf Real Estate Investment Company for S$1.1 billion, with completion targeted by the end of August 2026. The 21-storey commercial property on Orchard Road comprises offices, retail space, car parks and approximately 43,280 sqm of gross floor area, increasing the fund’s assets under management from S$8.2 billion to S$9.4 billion.	Real Estate - Development	Merger & Acquisition
30 Jul, 2026	iWOW Technology	iWOW Technology Limited raised slightly over S$15 million through the placement of 66.67 million new shares at S$0.225 each, representing approximately 18.8% of its enlarged share capital, to institutional and other investors. Around 25% to 35% of the net proceeds will fund an expansion of GentleFoods’ manufacturing capacity by up to five times, supporting the group’s growth in texture-modified meals and longevity-related solutions.	Software - Application	Fund Raising
29 Jul, 2026	Keppel REIT	Keppel REIT will divest its 98.47% interest in KR Ginza II, a freehold boutique office building in Tokyo, for JPY11.52 billion ($90.9 million), while Keppel Japan K.K. will sell the remaining 1.53% stake. The sale, expected to complete in the third quarter of 2026, is priced 28.4% above the November 2022 purchase price and 9.7% above the July 10 valuation; applying the net proceeds to debt repayment would reduce aggregate leverage from 40.0% to 39.6%.	REIT - Office	Disposal
29 Jul, 2026	Sembcorp Industries	Sembcorp Industries Ltd, through Sembcorp Utilities, will acquire a 20% equity stake in Aster Power from Aster Asia Alpha and Aster Power, subject to regulatory approvals and other closing conditions. Aster Power supplies power and steam to Aster Chemicals and Energy’s refining and chemicals operations on Pulau Bukom and Jurong Island, while Sembcorp will become its sole gas supplier and support the expansion of its power, steam and renewable energy capabilities.	Conglomerates	Merger & Acquisition
29 Jul, 2026	EGP Energy Corporation	EGP Energy Corporation secured a $1.1 million contract from a Singapore-based engineering company to supply a 66kV switchgear for a battery energy storage system in Singapore. The award lifts its order book to $302.4 million, equivalent to about 7.8 times FY2025 revenue, with projects scheduled for progressive fulfilment through 2031.	Engineering & Construction	Contract Awarded
28 Jul, 2026	ST Engineering	Singapore Technologies Engineering Ltd secured an $840 million turnkey rail services contract for Taiwan’s 11.38km Taoyuan MRT Brown Line, comprising seven stations linking Taoyuan City with the Greater Taipei area. Through a consortium with Hyundai Rotem, the company will lead project management and systems integration and deliver SCADA, communications, automatic fare collection, platform screen doors, signalling, track works and bulk substation civil works, with execution starting in the fourth quarter of 2026 over eight years; Hyundai Rotem will supply the rolling stock and power system.	Aerospace & Defense	Contract Awarded
28 Jul, 2026	Mapletree Investments	Mapletree Investments Pte Ltd launched its first China logistics renminbi core fund with China Life Capital, holding five stabilised logistics assets in Nanjing, Wuxi and Chengdu with approximately 382,000 sqm of leasable area, 95% average occupancy and RMB1.5 billion ($287 million) in assets under management. China Life Capital will manage the fund, while Mapletree will serve as co-general partner and asset manager; the portfolio includes two Wuxi logistics parks being acquired from Mapletree Logistics Trust at agreed property values of RMB180 million and RMB544 million.	Real Estate Services	Operation Updates

30 Jul, 2026

Jardine Cycle & Carriage

Jardine Cycle & Carriage Limited will distribute a special cash dividend of US$0.37 per share and 0.001828 Toyota Motor Corporation shares for each share held, equivalent to approximately US$0.36 per share based on Toyota’s July 29 closing price, in addition to an interim dividend of US$0.28 per share. The one-off distributions provide shareholders with an illustrated total value of US$0.73 per share and will reduce net tangible assets per share from US$19.72 to US$18.95, while the company plans to rename itself Jardine Matheson Southeast Asia.

Consumer Goods Conglomerates

Others

30 Jul, 2026

HRnetGroup

HRnetGroup Limited’s Octomate secured a contract from Mandai Wildlife Group to implement a cloud-based workforce management system for full-time and part-time employees across multiple locations within Mandai Wildlife Reserve. The solution will provide geo-location-enabled mobile attendance tracking, timesheet and overtime management, payroll integration and AI-enabled staff rostering, with no material financial impact expected for the group.

Employment Services

Contract Awarded

30 Jul, 2026

ESR Reit

ESR-REIT will divest 12 Ang Mo Kio Street 65, a 16,754 sqm high-specifications industrial property in Singapore, for S$33.3 million, representing a 2.1% premium to its June 2026 valuation of S$32.6 million. The transaction is targeted for completion in the third quarter of 2026, with net proceeds allocated to debt repayment, potential acquisitions, asset enhancement initiatives, redevelopment and working capital.

REIT - Industrial

Disposal

30 Jul, 2026

Hongkong Land Holdings Limited

Hongkong Land Holdings Limited, through the Singapore Central Private Real Estate Fund, will acquire Wheelock Place from Wharf Real Estate Investment Company for S$1.1 billion, with completion targeted by the end of August 2026. The 21-storey commercial property on Orchard Road comprises offices, retail space, car parks and approximately 43,280 sqm of gross floor area, increasing the fund’s assets under management from S$8.2 billion to S$9.4 billion.

Real Estate - Development

Merger & Acquisition

30 Jul, 2026

iWOW Technology

iWOW Technology Limited raised slightly over S$15 million through the placement of 66.67 million new shares at S$0.225 each, representing approximately 18.8% of its enlarged share capital, to institutional and other investors. Around 25% to 35% of the net proceeds will fund an expansion of GentleFoods’ manufacturing capacity by up to five times, supporting the group’s growth in texture-modified meals and longevity-related solutions.

Software - Application

Fund Raising

29 Jul, 2026

Keppel REIT

Keppel REIT will divest its 98.47% interest in KR Ginza II, a freehold boutique office building in Tokyo, for JPY11.52 billion ($90.9 million), while Keppel Japan K.K. will sell the remaining 1.53% stake. The sale, expected to complete in the third quarter of 2026, is priced 28.4% above the November 2022 purchase price and 9.7% above the July 10 valuation; applying the net proceeds to debt repayment would reduce aggregate leverage from 40.0% to 39.6%.

REIT - Office

Disposal

29 Jul, 2026

Sembcorp Industries

Sembcorp Industries Ltd, through Sembcorp Utilities, will acquire a 20% equity stake in Aster Power from Aster Asia Alpha and Aster Power, subject to regulatory approvals and other closing conditions. Aster Power supplies power and steam to Aster Chemicals and Energy’s refining and chemicals operations on Pulau Bukom and Jurong Island, while Sembcorp will become its sole gas supplier and support the expansion of its power, steam and renewable energy capabilities.

Conglomerates

Merger & Acquisition

29 Jul, 2026

EGP Energy Corporation

EGP Energy Corporation secured a $1.1 million contract from a Singapore-based engineering company to supply a 66kV switchgear for a battery energy storage system in Singapore. The award lifts its order book to $302.4 million, equivalent to about 7.8 times FY2025 revenue, with projects scheduled for progressive fulfilment through 2031.

Engineering & Construction

Contract Awarded

28 Jul, 2026

ST Engineering

Singapore Technologies Engineering Ltd secured an $840 million turnkey rail services contract for Taiwan’s 11.38km Taoyuan MRT Brown Line, comprising seven stations linking Taoyuan City with the Greater Taipei area. Through a consortium with Hyundai Rotem, the company will lead project management and systems integration and deliver SCADA, communications, automatic fare collection, platform screen doors, signalling, track works and bulk substation civil works, with execution starting in the fourth quarter of 2026 over eight years; Hyundai Rotem will supply the rolling stock and power system.

Aerospace & Defense

Contract Awarded

28 Jul, 2026

Mapletree Investments

Mapletree Investments Pte Ltd launched its first China logistics renminbi core fund with China Life Capital, holding five stabilised logistics assets in Nanjing, Wuxi and Chengdu with approximately 382,000 sqm of leasable area, 95% average occupancy and RMB1.5 billion ($287 million) in assets under management. China Life Capital will manage the fund, while Mapletree will serve as co-general partner and asset manager; the portfolio includes two Wuxi logistics parks being acquired from Mapletree Logistics Trust at agreed property values of RMB180 million and RMB544 million.

Real Estate Services

Operation Updates