Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2025-06-06
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 30 Jun, 2025 | OKP Holdings | Secured a contract worth $258.3 million from the Land Transport Authority (LTA), for the construction of new cycling path networks in the East Region in Singapore. | Contract Awarded |
| 6 Jun, 2025 | Oversea-Chinese Banking Corp (OCBC) | OCBC is offering S$900 million to acquire the remaining 6.28% stake in Great Eastern it does not already own, nearly a year after a failed attempt to take full control. The conditional exit offer is priced at S$30.15 per share, valuing the insurer at S$14.27 billion. | Privatisation |
| 6 Jun, 2025 | Thakral Corporation | GemLife, a 31.7%-owned associate of Mainboard-listed Thakral Corporation, is considering listing stapled securities related to the GemLife Communities on the Australian Securities Exchange. | Proposed Listing |
| 4 Jun, 2025 | Keppel Limited | Keppel Limited, through its infrastructure division, has entered into a memorandum of understanding (MOU) which explores options to expand its upcoming district cooling system (DCS) plant in Jurong Lake District to meet Ng Teng Fong General Hospital (NTFGH) and Jurong Community Hospital’s (JCH) water needs. | Operation Updates |
| 4 Jun, 2025 | City Developments Ltd | City Developments Ltd (CDL) will sell its 50.1% stake in the South Beach complex to minority owner IOI Properties Group Bhd. The deal values the mixed-use development at around $2.75 billion. | Disposal |
| 4 Jun, 2025 | Acrophyte Hospitality Trust | Acrophyte Hospitality Trust plans to sell its 127-room Hyatt Place Detroit Auburn Hills hotel for US$6.65 million, below its latest valuation of US$7 million. After fees, net proceeds from the divestment are expected at US$6.2 million. The property, which opened in 1996, is considered non-core and underperforming, with low operational efficiency and significant future capex requirements. | Disposal |
| 3 Jun, 2025 | Frencken Group | Frencken is investing $63 million to build a new facility in Singapore that will consolidate its operations for improved efficiency and future growth. The new site, located at Kaki Bukit Avenue 5 on a 33-year lease, spans 12,318 sqm and will offer 28,594 sqm of floor space. As part of the lease terms, Frencken must invest at least $19.5 million in plant and machinery, including $13.3 million in new equipment, with the rest possibly made up of relocated assets from its current Changi North and Seletar Aerospace Link sites. | Expansion Plan |
| 3 Jun, 2025 | Frasers Property | Frasers Property, via its wholly owned unit Lion (Singapore), has acquired the 1,477-seat Golden Village cineplex in Yishun (formerly Yishun 10) for $48 million. The sale and purchase agreement was signed on June 2 with Golden Village Multiplex, a subsidiary of Orange Sky Golden Harvest Entertainment. The cineplex spans the second to fourth floors of 51 Yishun Central 1, next to Northpoint City mall. | Merger & Acquisition |
| 2 Jun, 2025 | Global Invacom | on a US$3.8 million contract to supply its XRJ transceivers, to a new customer in the Middle East. | Contract Awarded |
| 2 Jun, 2025 | LHN Ltd | Won a tender for 159 Jalan Loyang Besar to be converted into the first resort chalet to be run under its co-living brand Coliwoo. The property, covering a land area of 380,866 sq ft, consists of 20 two-storey buildings and four single-storey structures with a gross floor area of 106,949 sq ft. | Operation Updates |
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