Corporate Updates - Singapore Exchange (SGX) - Insights

Date	Company	Event Details	Sector	Event Summary
6 Aug, 2026	Yangzijiang Maritime	Yangzijiang Maritime Development Limited signed contracts to sell four newbuild bulk carriers of approximately 40,000 deadweight tonnes each, with deliveries scheduled between April 2027 and May 2028. Including four medium-range tankers sold for US$180 million and other newbuild disposals, the group has entered into contracts to monetise 12 vessels for an aggregate gross value of US$500 million over the past nine months.	Asset Management	Disposal
6 Aug, 2026	StarHub Ltd	StarHub Limited expanded its wholesale agreement with MyRepublic to migrate all MyRepublic 4G mobile subscribers onto StarHub’s nationwide 4G and 5G network, extending the companies’ existing 5G MVNO partnership established in 2022. The arrangement follows StarHub’s acquisition of MyRepublic Broadband and supports its multi-brand strategy across mobile and broadband services, with customers to be transitioned progressively.	Telecommunication Services	Operation Updates
6 Aug, 2026	CapitaLand Ascott Trust	CapitaLand Ascott Trust will acquire the 212-room Coliwoo Midtown at an agreed property value of S$134 million, with Coliwoo leasing back and continuing to operate the property for 10 years under an annually indexed lease. The acquisition carries a 4.1% pro forma FY2025 EBITDA yield, is expected to raise pro forma distribution per stapled security by 2.4% and will be funded with proceeds from the divestment of The Robertson House by The Crest Collection; Coliwoo expects a gross disposal gain of approximately S$9.2 million.	REIT - Diversified	Merger & Acquisition
6 Aug, 2026	The Assembly Place	The Assembly Place Limited, through 50 JHS Private Limited, acquired a 10% interest in a joint venture that purchased a 10,807 sq ft freehold residential site at 50 Jalan Harom Setangkai in Bukit Timah, Singapore, for redevelopment into five terrace houses. The project, held alongside Two Three Holdings, Apricot JHS and Beth Reserve, is targeted for launch in the fourth quarter of 2026, with The Assembly Place serving as project manager and supporting sales and marketing.	Real Estate Services	Merger & Acquisition
5 Aug, 2026	United Overseas Bank (UOB)	United Overseas Bank Limited will sell its entire interest in UOB Asset Management to Allianz Global Investors for S$555 million, including excess cash and a 10-year agreement for UOB to distribute both firms’ investment products across Singapore, Indonesia, Malaysia, Thailand and Vietnam. UOB Asset Management oversees approximately S$42 billion in client assets across eight Asian markets and employs about 500 people, with completion targeted in 2027 subject to regulatory approvals; UOB expects a pre-tax gain of around S$330 million and a 14-basis-point increase in its common equity tier 1 ratio.	Banks - Regional	Disposal
3 Aug, 2026	GDS Global	GDS Global Limited secured a contract through its local distributor to supply proprietary blast-mitigating shutters for a major oil and gas facility in Qatar. Delivery of the shutters is expected by September 2026, expanding the group’s presence in the Middle East.	Building Products & Equipment	Contract Awarded
3 Aug, 2026	Lincotrade & Associates Holdings	Lincotrade & Associates Holdings Limited secured S$42.7 million in new contracts between April and June 2026, mainly for commercial projects in Singapore scheduled for completion over the next two years. The group also won its largest-ever single contract, worth approximately S$70 million, for addition and alteration and office fit-out works at a Singapore educational institution, with work commencing on August 1, 2026 over approximately 54 months.	Home Improvement Products & Services Retailers	Contract Awarded
3 Aug, 2026	A-Sonic Aerospace	A-Sonic Aerospace Limited, through wholly owned A-Sonic Logistics, will acquire a 60% stake in JGL Group for S$15.216 million, comprising S$6 million for newly issued shares and S$9.216 million for shares purchased from JGL’s three existing shareholders. JGL provides multimodal freight forwarding, paper trading and a developing ISO tank cleaning, repair and maintenance depot in southern Vietnam; subject to shareholder approval, the transaction would have increased A-Sonic’s FY2025 pro forma revenue by 27.8% to US$292.7 million and net profit by 36% to US$4.13 million.	Integrated Freight & Logistics	Merger & Acquisition
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	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

6 Aug, 2026

Yangzijiang Maritime

Yangzijiang Maritime Development Limited signed contracts to sell four newbuild bulk carriers of approximately 40,000 deadweight tonnes each, with deliveries scheduled between April 2027 and May 2028. Including four medium-range tankers sold for US$180 million and other newbuild disposals, the group has entered into contracts to monetise 12 vessels for an aggregate gross value of US$500 million over the past nine months.

Asset Management

Disposal

6 Aug, 2026

StarHub Ltd

StarHub Limited expanded its wholesale agreement with MyRepublic to migrate all MyRepublic 4G mobile subscribers onto StarHub’s nationwide 4G and 5G network, extending the companies’ existing 5G MVNO partnership established in 2022. The arrangement follows StarHub’s acquisition of MyRepublic Broadband and supports its multi-brand strategy across mobile and broadband services, with customers to be transitioned progressively.

Telecommunication Services

Operation Updates

6 Aug, 2026

CapitaLand Ascott Trust

CapitaLand Ascott Trust will acquire the 212-room Coliwoo Midtown at an agreed property value of S$134 million, with Coliwoo leasing back and continuing to operate the property for 10 years under an annually indexed lease. The acquisition carries a 4.1% pro forma FY2025 EBITDA yield, is expected to raise pro forma distribution per stapled security by 2.4% and will be funded with proceeds from the divestment of The Robertson House by The Crest Collection; Coliwoo expects a gross disposal gain of approximately S$9.2 million.

REIT - Diversified

Merger & Acquisition

6 Aug, 2026

The Assembly Place

The Assembly Place Limited, through 50 JHS Private Limited, acquired a 10% interest in a joint venture that purchased a 10,807 sq ft freehold residential site at 50 Jalan Harom Setangkai in Bukit Timah, Singapore, for redevelopment into five terrace houses. The project, held alongside Two Three Holdings, Apricot JHS and Beth Reserve, is targeted for launch in the fourth quarter of 2026, with The Assembly Place serving as project manager and supporting sales and marketing.

Real Estate Services

Merger & Acquisition

5 Aug, 2026

United Overseas Bank (UOB)

United Overseas Bank Limited will sell its entire interest in UOB Asset Management to Allianz Global Investors for S$555 million, including excess cash and a 10-year agreement for UOB to distribute both firms’ investment products across Singapore, Indonesia, Malaysia, Thailand and Vietnam. UOB Asset Management oversees approximately S$42 billion in client assets across eight Asian markets and employs about 500 people, with completion targeted in 2027 subject to regulatory approvals; UOB expects a pre-tax gain of around S$330 million and a 14-basis-point increase in its common equity tier 1 ratio.

Banks - Regional

Disposal

3 Aug, 2026

GDS Global

GDS Global Limited secured a contract through its local distributor to supply proprietary blast-mitigating shutters for a major oil and gas facility in Qatar. Delivery of the shutters is expected by September 2026, expanding the group’s presence in the Middle East.

Building Products & Equipment

Contract Awarded

3 Aug, 2026

Lincotrade & Associates Holdings

Lincotrade & Associates Holdings Limited secured S$42.7 million in new contracts between April and June 2026, mainly for commercial projects in Singapore scheduled for completion over the next two years. The group also won its largest-ever single contract, worth approximately S$70 million, for addition and alteration and office fit-out works at a Singapore educational institution, with work commencing on August 1, 2026 over approximately 54 months.

Home Improvement Products & Services Retailers

Contract Awarded

3 Aug, 2026

A-Sonic Aerospace

A-Sonic Aerospace Limited, through wholly owned A-Sonic Logistics, will acquire a 60% stake in JGL Group for S$15.216 million, comprising S$6 million for newly issued shares and S$9.216 million for shares purchased from JGL’s three existing shareholders. JGL provides multimodal freight forwarding, paper trading and a developing ISO tank cleaning, repair and maintenance depot in southern Vietnam; subject to shareholder approval, the transaction would have increased A-Sonic’s FY2025 pro forma revenue by 27.8% to US$292.7 million and net profit by 36% to US$4.13 million.

Integrated Freight & Logistics

Merger & Acquisition

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

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