Corporate Updates - Singapore Exchange (SGX) - Insights

Date	Company	Event Details	Sector	Event Summary
1 Jun, 2026	CapitaLand Investment	CapitaLand Investment Ltd reduced its global headcount to 9,542 in 2025, down about 10% or 365 employees, driven largely by a workforce reduction in China amid continued weakness in the country’s real estate market. China remains its largest staffing base but its share of global employees fell to 33% from 35%, while the company also recorded a S$545 million fair value loss in China assets as rental pressures persisted across offices, retail malls and business parks.	Real Estate Services	Downsizing
1 Jun, 2026	ESR Group	ESR has formed a development partnership with Mitsubishi Estate Asia to build a US$490 million (about $626 million) logistics estate at Huntingwood in Western Sydney, Australia, on an 18.3-hectare site. The project, to be delivered in three stages with up to 114,005 sqm of warehouse space, is scheduled to start construction in 2H2026 and complete from 2H2027, targeting strong demand for premium logistics assets driven by constrained industrial land supply and infrastructure-linked growth in the region.	Real Estate Development & Operations	Expansion Plan
29 May, 2026	Lincotrade & Associates Holdings	Lincotrade & Associates Holdings has secured seven new contracts worth a combined $16.8 million for the three months ended March 31, 2026, bringing its total order book to $107 million from $81 million a year earlier. The projects, mainly in interior fit-out works, are expected to be completed over the next two years, while the group also highlighted early occupancy at its Tuas facility dormitory, which is gradually being ramped up for both internal workers and subcontractor rentals to support operational expansion and future capacity growth.	Home Improvement Products & Services Retailers	Contract Awarded
29 May, 2026	Sembcorp Industries	Sembcorp Development, through its Vietnam-Singapore Industrial Park (VSIP) joint venture with Becamex IDC, has received investment approvals to develop four new industrial parks in Vietnam—VSIP Hai Phong II, VSIP Ha Nam Integrated High-tech Park, VSIP Nghe An IV and VSIP Binh Duong IV—ranging from 80 to 630 hectares and targeting export-oriented manufacturing as well as high-tech and digital economy sectors. With these additions, Sembcorp’s VSIP portfolio expands to 26 industrial parks covering more than 14,300 hectares, strengthening its long-term position in Vietnam’s industrial and sustainable infrastructure development.	Conglomerates	Expansion Plan
28 May, 2026	Keppel Limited	Keppel Corporation’s Keppel Sakra Cogen Plant, Singapore’s first hydrogen-compatible combined cycle power plant, has commenced commercial operations, adding 600MW of fully contracted power generation capacity and increasing Keppel’s total power capacity by 45% to up to 1,900MW. The plant, which is 70%-owned by Keppel Asia Infrastructure Fund and currently operates on natural gas with future capability to run on low-carbon hydrogen, is expected to support recurring income while strengthening Singapore’s energy security and lower-carbon transition.	Conglomerate	Operation Updates
28 May, 2026	OKP Holdings	OKP Holdings Limited has secured a S$165.3 million contract from Singapore’s Land Transport Authority to design and build lift shafts and associated commuter infrastructure at pedestrian overhead bridges across 30 locations, with the project scheduled for completion over 48 months. As at May 26, the group’s order book stands at S$760.7 million, supporting continued infrastructure-related revenue visibility.	Engineering & Construction	Contract Awarded
28 May, 2026	Mooreast Holdings	Mooreast Holdings has appointed Zico Capital to arrange and Maybank Securities to assist in a private placement of up to 44.45 million new shares at 13.5 cents each, raising approximately S$6 million in gross proceeds. The placement will expand its share base by about 14.65% at a 2.03% discount to its last traded price on May 22, with net proceeds of around S$5.83 million earmarked to support additional project execution.	Iron & Steel	Fund Raising
28 May, 2026	Wilmar International Limited	Wilmar International Limited is among 10 palm oil exporters being investigated by Indonesian authorities for suspected under-invoicing and transfer pricing of export transactions. The probe also includes Musim Mas Group and PT Salim Ivomas Pratama Tbk, while the remaining seven companies have not been publicly disclosed as investigations are still ongoing and subject to verification.	Food Processing	Others
28 May, 2026	CapitaLand Ascott Trust	CapitaLand Ascott Trust is divesting The Robertson House by The Crest Collection in Singapore for S$360 million to an unrelated third party, representing a 4.0% premium to book value and an exit yield of 2.3%. The transaction, expected to complete in the third quarter of 2026, will generate net proceeds of S$341.7 million and a net gain of approximately S$38.1 million for the trust.	REIT - Diversified	Disposal
28 May, 2026	Valuetronics Holdings	The company declared a final dividend of 14 HK cents and a special dividend of 16 HK cents under its HK$300 million capital return programme, bringing total FY2026 dividends to 38 HK cents with a payout ratio of 132%.	Electronic Equipment & Parts	Restructuring

1 Jun, 2026

CapitaLand Investment

CapitaLand Investment Ltd reduced its global headcount to 9,542 in 2025, down about 10% or 365 employees, driven largely by a workforce reduction in China amid continued weakness in the country’s real estate market. China remains its largest staffing base but its share of global employees fell to 33% from 35%, while the company also recorded a S$545 million fair value loss in China assets as rental pressures persisted across offices, retail malls and business parks.

Real Estate Services

Downsizing

1 Jun, 2026

ESR Group

ESR has formed a development partnership with Mitsubishi Estate Asia to build a US$490 million (about $626 million) logistics estate at Huntingwood in Western Sydney, Australia, on an 18.3-hectare site. The project, to be delivered in three stages with up to 114,005 sqm of warehouse space, is scheduled to start construction in 2H2026 and complete from 2H2027, targeting strong demand for premium logistics assets driven by constrained industrial land supply and infrastructure-linked growth in the region.

Real Estate Development & Operations

Expansion Plan

29 May, 2026

Lincotrade & Associates Holdings

Lincotrade & Associates Holdings has secured seven new contracts worth a combined $16.8 million for the three months ended March 31, 2026, bringing its total order book to $107 million from $81 million a year earlier. The projects, mainly in interior fit-out works, are expected to be completed over the next two years, while the group also highlighted early occupancy at its Tuas facility dormitory, which is gradually being ramped up for both internal workers and subcontractor rentals to support operational expansion and future capacity growth.

Home Improvement Products & Services Retailers

Contract Awarded

29 May, 2026

Sembcorp Industries

Sembcorp Development, through its Vietnam-Singapore Industrial Park (VSIP) joint venture with Becamex IDC, has received investment approvals to develop four new industrial parks in Vietnam—VSIP Hai Phong II, VSIP Ha Nam Integrated High-tech Park, VSIP Nghe An IV and VSIP Binh Duong IV—ranging from 80 to 630 hectares and targeting export-oriented manufacturing as well as high-tech and digital economy sectors. With these additions, Sembcorp’s VSIP portfolio expands to 26 industrial parks covering more than 14,300 hectares, strengthening its long-term position in Vietnam’s industrial and sustainable infrastructure development.

Conglomerates

Expansion Plan

28 May, 2026

Keppel Limited

Keppel Corporation’s Keppel Sakra Cogen Plant, Singapore’s first hydrogen-compatible combined cycle power plant, has commenced commercial operations, adding 600MW of fully contracted power generation capacity and increasing Keppel’s total power capacity by 45% to up to 1,900MW. The plant, which is 70%-owned by Keppel Asia Infrastructure Fund and currently operates on natural gas with future capability to run on low-carbon hydrogen, is expected to support recurring income while strengthening Singapore’s energy security and lower-carbon transition.

Conglomerate

Operation Updates

28 May, 2026

OKP Holdings

OKP Holdings Limited has secured a S$165.3 million contract from Singapore’s Land Transport Authority to design and build lift shafts and associated commuter infrastructure at pedestrian overhead bridges across 30 locations, with the project scheduled for completion over 48 months. As at May 26, the group’s order book stands at S$760.7 million, supporting continued infrastructure-related revenue visibility.

Engineering & Construction

Contract Awarded

28 May, 2026

Mooreast Holdings

Mooreast Holdings has appointed Zico Capital to arrange and Maybank Securities to assist in a private placement of up to 44.45 million new shares at 13.5 cents each, raising approximately S$6 million in gross proceeds. The placement will expand its share base by about 14.65% at a 2.03% discount to its last traded price on May 22, with net proceeds of around S$5.83 million earmarked to support additional project execution.

Iron & Steel

Fund Raising

28 May, 2026

Wilmar International Limited

Wilmar International Limited is among 10 palm oil exporters being investigated by Indonesian authorities for suspected under-invoicing and transfer pricing of export transactions. The probe also includes Musim Mas Group and PT Salim Ivomas Pratama Tbk, while the remaining seven companies have not been publicly disclosed as investigations are still ongoing and subject to verification.

Food Processing

Others

28 May, 2026

CapitaLand Ascott Trust

CapitaLand Ascott Trust is divesting The Robertson House by The Crest Collection in Singapore for S$360 million to an unrelated third party, representing a 4.0% premium to book value and an exit yield of 2.3%. The transaction, expected to complete in the third quarter of 2026, will generate net proceeds of S$341.7 million and a net gain of approximately S$38.1 million for the trust.

REIT - Diversified

Disposal

28 May, 2026

Valuetronics Holdings

The company declared a final dividend of 14 HK cents and a special dividend of 16 HK cents under its HK$300 million capital return programme, bringing total FY2026 dividends to 38 HK cents with a payout ratio of 132%.

Electronic Equipment & Parts

Restructuring