Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2025-09-11
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 11 Sep, 2025 | ISOTeam | ISOTeam plans to raise about $10 million to expand its drone deployment. It will place 86.2m new shares at 8.1 cents to raise $7m and issue a $3m convertible bond. Proceeds will fund a drone workforce after 2.5 years of R&D on façade inspection, washing, and painting drones, with the rest for working capital and hiring. | Engineering & Construction | Cash Call |
| 11 Sep, 2025 | Meta Health | Meta Health has filed a High Court claim for $7.3 million against its founder Chua Kheng Choon, several former directors, and others over its 2021 acquisition of Gainhealth. The company alleges unlawful conspiracy, breaches of duty, and dishonest assistance that caused losses and reputational harm. The financial impact of the case on FY2025 results cannot yet be determined. | Iron & Steel | Others |
| 11 Sep, 2025 | United Overseas Bank (UOB) | UOB Private Bank has launched Hamilton Lane’s Asia Private Assets Fund, the first semi-liquid evergreen Asia-focused PE fund in ASEAN. It offers access to Asia’s US$3 trillion private market with an 18-month soft lock-up instead of the usual 10 years. The fund targets returns at least 3% above public markets, with a minimum buy-in of about $100,000 in SGD or USD. | Banks - Regional | Operation Updates |
| 10 Sep, 2025 | Sim Leisure Group Ltd | Bandar Malaysia will pay compensation to Sim Leisure Group for cancelling their deal to build an Escape theme park, with Sim Leisure agreeing to drop all further claims once paid. The settlement amount is confidential but expected to be “material” for this year. Sim Leisure must return the project site on Sept 15, after the land was sold by Bandar Malaysia to Petronas. | Leisure | Operation Updates |
| 10 Sep, 2025 | UOL Group | UOL Group will sell the KINEX mall at Tanjong Katong Road for $375m to Kinex Times Square and Xiaohong Property Management. The deal, set to close on Oct 31, will unlock portfolio value and give UOL about $2.4m gain. The freehold mall has 204,223 sq ft of retail space, and proceeds will be used to repay debt, fund capex, or for working capital. | Real Estate Development & Operations | Disposal |
| 9 Sep, 2025 | mm2 Asia | mm2 Asia has terminated its planned sale of a 21% stake in Vividthree Holdings (97.6 million shares) to Hildrics Asia Growth Fund VCC. The deal, first announced in May, was called off by mutual agreement on Sept 8 due to market volatility and mm2’s current circumstances. | Entertainment | Termination |
| 8 Sep, 2025 | GS Holdings | GS Holdings’ unit Octopus Distribution Networks (ODN) is acquiring the distribution rights to five beer brands and related business assets from LHA Food & Beverages for about S$3 million. The deal gives ODN exclusive distribution rights in Singapore (excluding duty free) for Corona and Budweiser, as well as rights for 11 Degree Premium Yanjing Beer, RÖSSL BIER, and COMO BERE. ODN will also take over customers, contracts, licenses, inventories, IPs, equipment, and staff linked to the business. | Restaurants & Bars | Operation Updates |
| 8 Sep, 2025 | CapitaLand China Trust (CLCT) | CapitaLand China Trust (CLCT) will subscribe for 5% of the IPO units in CapitaLand Commercial C-REIT (CLCR), which is set to list on the Shanghai Stock Exchange as China’s first international-sponsored retail C-REIT. The IPO is priced at RMB5.718 per unit, valuing the offering at RMB2.29 billion. CLCR’s initial portfolio will include CapitaMall SKY+ in Guangzhou and CapitaMall Yuhuating in Changsha, with a combined GFA of 168,405 sqm and 97% occupancy. CLCT will divest CapitaMall Yuhuating to CLCR for RMB813.8 million | REIT - Retail | Restructuring |
| 5 Sep, 2025 | FJ Benjamin | FJ Benjamin will stop selling and distributing Guess products in Malaysia and Indonesia by Dec 31 after mutually ending its partnership with Guess Europe Sagl. The group’s subsidiaries in Malaysia and Indonesia will transfer the business to a new distributor. Since Guess is a major brand in its portfolio, the move is expected to materially affect FJ Benjamin’s financial results. | Apparel & Accessories Retailers | Termination |
| 5 Sep, 2025 | PSA International | Cosco Shipping International’s joint venture has signed an MOU with PSA Port Ecosystem, Supply Fortune Limited, and Goldlead Supply Chain Development to explore building a regional warehouse and distribution centre called PSA Supply Chain Hub @ Tuas. The facility would serve Southeast Asia and Asia, focusing on regional transshipment. Cosco stressed that the MOU is non-binding and may or may not lead to a definitive agreement. | Port | Operation Updates |
You have 6 free insights left!
Login/Register to access unlimited insights.