Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2025-10-13
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 13 Oct, 2025 | InnoTek | InnoTek, through its subsidiary Magix Mechatronics (Dongguan), has been approved as a recommended vendor for Nvidia and IEIT Systems, securing initial precision machining orders for components used in Nvidia’s AI server platforms, with production slated to begin in 4QFY2025. Its other subsidiary, Sun Mansfield Manufacturing, was also awarded a project by IEIT, part of China’s state-owned Inspur Group, to produce GPU server metal casings starting this month. To support Nvidia and other AI clients, InnoTek is investing in high-end precision equipment to expand capacity and capture further GPU-related opportunities. | Metal Fabrication | Operation Updates |
| 13 Oct, 2025 | AJJ Medtech Holdings | AJJ Medtech Holdings signed an MOU with China’s Hangzhou Huaxi Intelligent Technology to co-develop what it calls the world’s first multifunctional humanoid elderly care robot, with Singapore as the initial launch and demonstration market before global expansion. The collaboration aims to address ageing population challenges by deploying Huaxi’s Model HT-X1 robot — which already has over 1,000 pre-orders and nine granted patents — into Singapore nursing homes and medical institutions for trials and clinical research. | Medical Devices | Operation Updates |
| 10 Oct, 2025 | GRC | GRC Limited’s unit CES-Precast secured a $21.6 million contract from Expand Construction to supply precast concrete components for a building project at Admiralty Lane, Singapore, with deliveries set to begin in July 2026 and continue over 15 months. | Real Estate Services | Contract Awarded |
| 10 Oct, 2025 | Green Build Technology | Green Build Technology is raising $765,000 through a private placement of 50 million new shares at 1.53 cents each — a 10% discount to its recent VWAP — to subscribers Equity Consultancy and United Hope. Post-placement, total shares will rise to 342.26 million, with proceeds mainly for professional and listing fees, directors’ remuneration, and working capital. | Engineering & Construction | Cash Call |
| 10 Oct, 2025 | Olive Tree Estates | Advansory Investment, wholly owned by Liu Lianlian, has acquired a 69.49% stake in Olive Tree Estates for $9.66 million from Chiu Teng Enterprises, Kim Kyoo Chul and Tham Keng Chuen, triggering a mandatory general offer at 12 cents per share. Liu plans to retain the company’s listing and conduct a comprehensive business review to determine its future strategy. | Real Estate - Diversified | Privatisation |
| 9 Oct, 2025 | Singapore Institute of Advanced Medicine (SAM) Holdings | Singapore Institute of Advanced Medicine (SAM) Holdings has received SGX approval to list 169.47 million new shares on the Catalist board following a debt conversion and share placement to strengthen its balance sheet and cash flow. The exercise includes converting a $5.24 million loan from Caterine Limited into 149.73 million new shares at 3.5 cents each, and placing 19.75 million new shares at the same price to three subscribers — an 8.85% discount to the last traded average. SAM said the move will improve working capital, reduce debt, and support new business opportunities. | Medical Care Facilities | Restructuring |
| 9 Oct, 2025 | Seatrium | Seatrium Ltd has had its US$475 million vessel construction contract with Maersk Offshore Wind terminated. The nearly completed wind turbine installation vessel (98.9%) was intended for the Empire Wind 1 project in the US. Seatrium said it is reviewing legal and commercial options, including contesting the termination and seeking remedies. The group’s net order book stands at US$18.6 billion as of the first half of FY2025. The termination reflects broader challenges in the US offshore wind industry, which faces policy uncertainty and cost concerns under the Trump administration. | Oil & Gas Equipment & Services | Termination |
| 9 Oct, 2025 | HealthBank Holdings | HealthBank Holdings has proposed a private placement of 15.5 million new shares at 2.727 cents each to existing shareholder Zhao Ziqing, Dominic, raising $422,685 for working capital and due diligence on potential investments. Upon completion, Zhao’s stake will rise from 0.65% to 14.67%, with payment to be made in two tranches within 100 days. | Hotels, Motels & Cruise Lines | Cash Call |
| 9 Oct, 2025 | Thakral Corporation | Thakral Corporation’s stake in The Beauty Tech Group is now valued at GBP18.8 million ($32.6 million) after the company’s debut on the London Stock Exchange, where shares closed 4% higher at GBP2.81 from the IPO price of GBP2.71. The IPO raised GBP29 million from the placement of 10.7 million shares, giving The Beauty Tech Group a market capitalisation of GBP311 million. Thakral, which held a 9.55% pre-IPO stake, sold 2.86% during the listing and now retains 6.04%. CEO Inderbethal Singh Thakral said the investment aligns with Thakral’s strategy of backing high-growth businesses with both capital and operational expertise to enhance long-term shareholder value. | Specialty Retail | Others |
| 8 Oct, 2025 | AF Global Limited | A consortium comprising Aspial and JK Global Investment is seeking to acquire all of AF Global Limited’s shares at 11 cents apiece via a scheme of arrangement. JK Global Investment is wholly-owned by Koh Wee Meng, founder, executive chairman and CEO of previously-listed Fragrance Group | Lodging | Privatisation |
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