Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2025-05-14
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 13 May, 2025 | Keppel Ltd | Keppel’s Infrastructure Division signed a non-binding memorandum of understanding with Huawei International to co-develop renewable energy solutions, focusing on photovoltaic (PV) and battery energy storage systems (BESS). | Operation Updates |
| 13 May, 2025 | City Developments Limited | Seeking to buy back 10% of its preference shares, or about 26.8 million in preference shares, through an off-market equal access offer. The group is offering preference shareholders 78 cents per preference share. | Privatisaation |
| 13 May, 2025 | Seatrium | Seatrium has secured a contract from Norway’s Höegh Evi to convert the LNG carrier Hoegh Gandria into a floating storage regasification unit (FSRU). Höegh Evi, a global leader in floating energy infrastructure, operates one of the world’s largest FSRU fleets for natural gas imports. The project involves installing a regasification skid and integrating systems for cargo handling, utilities, offloading, electrical, and automation. Engineering works will begin in May, and the conversion is expected to take around 18 months. | Contract Awarded |
| 13 May, 2025 | Cordlife Group | Medeze Group, a key player in Southeast Asia’s stem cell storage and services market, is seeking to acquire a 10% stake in Mainboard-listed Cordlife Group, equivalent to 25.63 million shares. The group intends to make a voluntary conditional cash partial offer at 25 cents per share for the stake. | Others |
| 12 May, 2025 | OUE | OUE Limited has increased its stake in its Hong Kong-listed associate, Gemdale Properties and Investment Corp (GPI), from 25.88% to 29.07% by acquiring 530 million GPI shares for HK$146.4 million (approximately US$24.5 million). The shares were purchased at 28 HK cents per share in cash. | Merger & Acquisition |
| 11 May, 2025 | Manulife US REIT | Manulife US Real Estate Investment Trust (MUST) has sold its 28-storey Class A office property, Peachtree, located in Atlanta, Georgia, for US\$133.8 million to an unrelated third party. The sale is expected to generate net proceeds of approximately US\$118.8 million, which MUST plans to use for early repayment of its 2026 debts, thereby reducing its FY2026 debt obligations to US\$45.1 million. | Disposal |
| 10 May, 2025 | Sinarmas Land | Privatisation offer for Sinarmas Land raised to 37.5 cents | Privatisation |
| 9 May, 2025 | Singapore Airlines(SIA) | Singapore Airlines(SIA) has signed agreements with leading sustainable aviation fuel (SAF) producer, Neste and US-based energy solution provider, World Energy to acquire SAF and SAF certificates to support its decarbonisation journey. The first transaction saw the airline acquire 1,000 tonnes of Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)-eligible neat SAF, sourced from Neste. | Operation Updates |
| 9 May, 2025 | City Developments Limited | Takeover offer for New Zealand-listed Millennium and Copthorne New Zealand closed. The compulsory acquisition threshold of 90% was not met. | Privatisation |
| 7 May, 2025 | Keppel Limited | Mitsubishi Corporation and its subsidiary, Diamond Generating Asia (DGA), have joined Acen, GenZero and Keppel in exploring a potential collaboration to retire a 246-megawatt (MW) coal-fired power plant in the Philippines and replace its generation output with clean and reliable energy. | Operation Updates |
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