Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2025-01-20
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 20 Jan, 2025 | City Developments Limited | Making an offer of NZ$2.25 ($1.72) for all the shares it does not own in New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK). | Privatisation |
| 17 Jan, 2025 | Sembcorp Industries | Sembcorp Green Hydrogen India Private Limited (SGHIPL) and Sembcorp Development Ltd, has signed two non-binding memoranda of understanding (MOUs) with the government of Odisha, India. One of the MOUs signed by SGHIPL and the Industrial Promotion & Investment Corporation of Odisha Limited, will see both parties exploring the development of a production facility for green hydrogen and its derivatives. The facility will a production capacity of 720,000 metric tonnes per annum. Another MOU, signed by Sembcorp Development and Odisha Industrial Infrastructure Development Corporation, explores the possibility of developing an industrial park in Odisha. | Operation Updates |
| 17 Jan, 2025 | GHY Culture & Media | Acquired the remaining 30% of shares from iQIYI to become the full owner of Uni-Icon. | Merger & Acquisition |
| 17 Jan, 2025 | Winking Studios | Acquiring Shanghai Mineloader Digital Technology, one of Asia’s leading game art outsourcing and development studios for a consideration of RMB 146 million. The group will be funding this acquisition with its internal cash resources. The group will be paying upfont RMB 131.4 million, with the balance to be paid on the fifth anniversary following completion of the proposed acquisition, subject to the satisfaction of certain conditions and performance targets. | Merger & Acquisition |
| 17 Jan, 2025 | United Hampshire US REIT | Divestment of the Albany-Supermarket in New York, US at a total sale price of US$23.8 million. | Disposal |
| 15 Jan, 2025 | AVJennings | Received a competing takeover bid of A$390.7 million from Ho Bee Land. | Privatisation |
| 15 Jan, 2025 | ESR Reit | Dispose of the property located at 79 Tuas South Street 5 for SGD 9.9 million. | Disposal |
| 15 Jan, 2025 | Soilbuild Construction | Awarded two new contracts worth $151.3 million. The first construction contract is a single multi-storey industrial complex at Loyang Way that is scheduled to be completed by 2Q2027. The second contract is additions and alterations works for an existing multi-storey single-user industrial development at Changi North, that is scheduled to be completed by 4Q2025. | Contract Awarded |
| 14 Jan, 2025 | Yongmao Holdings | Raised $4.41 million from its 3-month Series 002 SDAX Issuance, as part of its $20 million multicurrency multi-tranche unsecured commercial paper facility programme in digital securities. | Cash Call |
| 14 Jan, 2025 | Paragon REIT | The call option to divest Figtree Grove Shopping Centre has been exercised by the purchaser. This comes after Paragon REIT announced that it entered into a put and call option to divest Figtree Grove Shopping Centre at Wollongong, Australia on Nov 22, 2024 for A$192 million. | Disposal |
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