Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2025-02-17
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 17 Feb, 2025 | Keppel DC REIT | Divest its Kelsterbach Data Centre in Frankfurt for 50 million euros. | Disposal |
| 15 Feb, 2025 | LHN Limited | Established a joint venture (JV) with its JV partners to acquire, develop, market and sell the property on 30, 30A, 30B, 32, 32A and 32B Lorong 22 Geylang and 32D, 32E, 32F, 32G, 32H and 32J Lorong 22 Geylang. The property was purchased at $30 million excluding GST. | Operation Updates |
| 14 Feb, 2025 | ISOTeam | Collaborating with HOMA2U (H2U), a home improvement retail company from Malaysia on building material-matching and overstock solution platform. | Operation Updates |
| 13 Feb, 2025 | Kingsmen Creatives | Kingsmen Xperience has entered into a strategic deal memorandum to develop location-based branded attractions in Asia Pacific. The deal memorandum, which was signed with S Experience Limited, will initially focus on Macau, the Philippines, Vietnam and Thailand. S Experience is a subsidiary of Hong Kong-headquartered family office Black Spade Capital Limited. | Operation Updates |
| 13 Feb, 2025 | First Ship Lease Trust | ell its product tanker, Clyde Fisher, to an unaffiliated third party. The product tanker measures 12,984 DWT and was built at Samho in South Korea in 2005. | Disposal |
| 13 Feb, 2025 | GuocoLand | Awarded the land parcel at River Valley Green (Parcel B) by the Urban Redevelopment Authority of Singapore (URA) at the bid price of $627.84 million. The 99-year leasehold land parcel is located in Robertson Quay in District 9, next to Great World MRT station on the Thomson-East Coast Line (TEL) and has a gross plot ratio of 3.5. The plot’s land area of 11,736 square metres (126,325.25 sq ft) and maximum gross floor area of 442,142 sq ft, translates to a land rate of $1,420 psf per plot ratio (ppr). | Operation Updates |
| 12 Feb, 2025 | Nanofilm Technologies International | Acquire two Germany-based coating businesses from Burkhard Scholz for 3.07 million euros. EC Coating, serves customers in the luxury, high-end decorative industry; MC Coating, the other target, focuses on the medical industry. | Merger & Acquisition |
| 11 Feb, 2025 | Asia-Pacific Strategic Investments | Signed two cooperation agreements with Timor-Leste’s vice prime minister, coordinating minister for economic affairs, minister of tourism and environment to acquire an exclusive casino licence and set up a bank in Timor-Leste. The banking cooperation agreement will see Asia-Pacific Strategic Investments setting up a bank with Timor Leste’s Banco Nacional de Comercio de Timor-Leste. Asia-Pacific Strategic Investments will have a 60% stake in the bank. | Business Venture |
| 10 Feb, 2025 | ESR-REIT | Proposed unit consolidation of 10 existing units to one unit. | Restructuring |
| 20 Jan, 2025 | Sembcorp Industries | PT Sembcorp Renewables Indonesia, has launched the Nusantara Sembcorp Solar Energi (NSSE) Power Plant with PT PLN Nusantara Renewables. Built on 87 hectares of land, it comprises a 50 megawatt (MW) solar farm with a 14.2 megawatt hour (MWh) battery energy storage system. | Operation Updates |
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