Corporate Updates - Singapore Exchange (SGX) - Insights

Date	Company	Event Details	Sector	Event Summary
30 Jan, 2026	iWow Technology	iWow Technology plans to acquire an elderly-focused meal solutions business as part of its expansion into the silver economy, with the target currently serving institutional clients such as healthcare and eldercare organisations and expanding into the consumer market, while iWow’s existing operations focus on monitoring systems. Under a non-binding term sheet, the proposed consideration totals $11.2 million, comprising $7.2 million in cash and the remaining amount to be settled through the issuance of new shares at a price and quantity to be determined, with the identity of the acquisition target not yet disclosed.	Software - Application	Merger & Acquisition
29 Jan, 2026	Singapore Exchange (SGX)	Singapore Exchange will introduce Singapore Depository Receipts (SDRs) for three Hong Kong-listed companies—Zijin Mining Group, Horizon Robotics and China Mobile—starting from Feb 2, bringing the total number of SDRs on SGX to 32 across China, Hong Kong, Thailand and Indonesia; the new additions expand sector exposure to gold mining, artificial intelligence and autonomous driving, and digital telecommunications infrastructure, against a backdrop of strong SDR market growth with average daily turnover rising tenfold year on year to about $12 million across 29 underlying stocks from three markets, while existing Hong Kong SDRs recorded net retail inflows of about $150 million in 2025, supported by SGD-denominated trading and smaller minimum trade sizes that allow fractional access for investors.	Financial & Commodity Market Operators	Operation Updates
29 Jan, 2026	UOL Group	UOL Group has disposed of a 319-room hotel located at No. 1 Zhang Zi Zhong Road in Tianjin, China, for RMB238 million through its subsidiary Tianjin UOL Xiwang Real Estate Development, with the buyer identified as Jiang Yang; the property, which began operations in 2014, involved an initial deposit of RMB23.8 million, with the remaining consideration payable on or about April 1.	Real Estate Development & Operations	Disposal
29 Jan, 2026	Elegant Group	Elegant Group has agreed for CapitaLand Investment to take a minority stake in Clementi Mall and provide real estate advisory services, including integrating the mall into CapitaLand’s CapitaStar rewards programme; the stake size was not disclosed. Elegant Group acquired Clementi Mall from Cuscaden Peak for $809 million and owns other retail assets including Grantral Mall @ Clementi, Grantral Mall @ Macpherson, and Kinex near Paya Lebar MRT, which it bought from UOL Group for $375 million and where asset enhancement works will begin in 2026, while it is also redeveloping Tanjong Katong Complex with completion targeted for 2027. Founded in 2015, Elegant Group manages a portfolio of 12 retail, commercial and mixed-use properties in Singapore and Australia totaling more than 1.5 million sq ft as of Jan 30.	Real Estate Development & Operations	Operation Updates
29 Jan, 2026	Singapore Exchange (SGX)	Singapore Exchange Regulation (SGX RegCo) has launched a public consultation on modernising the post-trade custody model for Singapore equities, seeking feedback on proposed rule amendments to facilitate broader use of broker custody accounts, particularly on an omnibus basis. Currently, about two-thirds of retail accounts with CDP are individually-segregated, while one-third are in broker custody accounts. The proposed changes aim to allow investors to hold both local and overseas securities in omnibus accounts, improving portfolio management and enabling brokers to offer services such as fractional trading, robo-investing, and advisory support. Higher adoption of omnibus accounts may also reduce brokers’ credit risks, lower costs for investors, and attract foreign intermediaries. Broker custody accounts have grown at a compound annual growth rate of over 10% in the past five years, compared with low single-digit growth for CDP accounts. The consultation paper is open for public input until March 27, 2026.	Financial & Commodity Market Operators	Operation Updates
29 Jan, 2026	Singapore Airlines(SIA)	Singapore Airlines and Malaysia Airlines have formalised their joint business partnership following regulatory approval from Malaysia’s Civil Aviation Authority in January 2026 and Singapore’s Competition and Consumer Commission in July 2025, allowing both airlines to strengthen connectivity and offer greater flexibility for travel between Singapore and Malaysia through initiatives such as revenue-sharing flights, joint fare products, coordinated flight schedules and corporate travel arrangements, with further details to be announced.	Airlines	Operation Updates
28 Jan, 2026	Sembcorp Industries	A joint venture between Sembcorp Development and Vietnam’s state-owned Becamex IDC has received approval to develop VSIP Hue, a 467-hectare industrial park in Hue City, central Vietnam, with Sembcorp holding a 49.3% stake in the joint venture. Located near Da Nang and connected to major north–south transport corridors, the project is positioned to offer manufacturers cost efficiency, access to a skilled workforce, and strong domestic and international connectivity. With VSIP Hue and a recently approved project in Khanh Hoa, Sembcorp Development’s urban portfolio now exceeds 15,700 hectares across China, Indonesia and Vietnam, supporting its target of reaching 18,000 hectares of gross development land by 2028.	Conglomerates	Operation Updates
28 Jan, 2026	ST Engineering	Singapore Technologies Engineering secured S$4.7 billion in new orders in 4QFY2025, lifting total FY2025 order wins to S$18.7 billion, compared with S$12.6 billion in FY2024. The defence and public security segment accounted for the largest share at S$2.5 billion, including a Singapore contract to build the next-generation infantry fighting vehicle and overseas ammunition orders. The commercial aerospace segment added S$1.7 billion, supported by a five-year nacelle MRO agreement for LOT Polish Airlines’ Boeing 787 fleet and another European carrier. The urban solutions and satcom segment contributed S$0.5 billion, driven by rail electronics solutions for Changi Airport Terminal 2 Skytrain, the supply of 250 electric buses to the Land Transport Authority, and new tolling system contracts in the US, including a six-year US$146 million RiverLink Tolling System project.	Aerospace & Defense	Contract Awarded
28 Jan, 2026	Skylink Holdings	Skylink Holdings plans to raise up to $7.02 million through a proposed share placement at 27 cents per share, with proceeds mainly earmarked for expanding its electric commercial vehicle fleet, electric vehicle initiatives, and loan book, including potential mergers and acquisitions. The placement price represents a 7.53% discount to the volume-weighted average price of 29.2 cents based on trades on Jan 23, and SAC Capital Private Limited has been appointed as the placement agent.	Passenger Transportation, Ground & Sea	Fund Raising
28 Jan, 2026	Hongkong Land Holdings Limited	APG, a Dutch pension investment manager, and Qatar Investment Authority (QIA) are reported to be the anchor investors in Hongkong Land’s Singapore Central Private Real Estate Fund (SCPREF), according to PERE.	Real Estate - Development	Others

30 Jan, 2026

iWow Technology

iWow Technology plans to acquire an elderly-focused meal solutions business as part of its expansion into the silver economy, with the target currently serving institutional clients such as healthcare and eldercare organisations and expanding into the consumer market, while iWow’s existing operations focus on monitoring systems. Under a non-binding term sheet, the proposed consideration totals $11.2 million, comprising $7.2 million in cash and the remaining amount to be settled through the issuance of new shares at a price and quantity to be determined, with the identity of the acquisition target not yet disclosed.

Software - Application

Merger & Acquisition

29 Jan, 2026

Singapore Exchange (SGX)

Singapore Exchange will introduce Singapore Depository Receipts (SDRs) for three Hong Kong-listed companies—Zijin Mining Group, Horizon Robotics and China Mobile—starting from Feb 2, bringing the total number of SDRs on SGX to 32 across China, Hong Kong, Thailand and Indonesia; the new additions expand sector exposure to gold mining, artificial intelligence and autonomous driving, and digital telecommunications infrastructure, against a backdrop of strong SDR market growth with average daily turnover rising tenfold year on year to about $12 million across 29 underlying stocks from three markets, while existing Hong Kong SDRs recorded net retail inflows of about $150 million in 2025, supported by SGD-denominated trading and smaller minimum trade sizes that allow fractional access for investors.

Financial & Commodity Market Operators

Operation Updates

29 Jan, 2026

UOL Group

UOL Group has disposed of a 319-room hotel located at No. 1 Zhang Zi Zhong Road in Tianjin, China, for RMB238 million through its subsidiary Tianjin UOL Xiwang Real Estate Development, with the buyer identified as Jiang Yang; the property, which began operations in 2014, involved an initial deposit of RMB23.8 million, with the remaining consideration payable on or about April 1.

Real Estate Development & Operations

Disposal

29 Jan, 2026

Elegant Group

Elegant Group has agreed for CapitaLand Investment to take a minority stake in Clementi Mall and provide real estate advisory services, including integrating the mall into CapitaLand’s CapitaStar rewards programme; the stake size was not disclosed. Elegant Group acquired Clementi Mall from Cuscaden Peak for $809 million and owns other retail assets including Grantral Mall @ Clementi, Grantral Mall @ Macpherson, and Kinex near Paya Lebar MRT, which it bought from UOL Group for $375 million and where asset enhancement works will begin in 2026, while it is also redeveloping Tanjong Katong Complex with completion targeted for 2027. Founded in 2015, Elegant Group manages a portfolio of 12 retail, commercial and mixed-use properties in Singapore and Australia totaling more than 1.5 million sq ft as of Jan 30.

Real Estate Development & Operations

Operation Updates

29 Jan, 2026

Singapore Exchange (SGX)

Singapore Exchange Regulation (SGX RegCo) has launched a public consultation on modernising the post-trade custody model for Singapore equities, seeking feedback on proposed rule amendments to facilitate broader use of broker custody accounts, particularly on an omnibus basis. Currently, about two-thirds of retail accounts with CDP are individually-segregated, while one-third are in broker custody accounts. The proposed changes aim to allow investors to hold both local and overseas securities in omnibus accounts, improving portfolio management and enabling brokers to offer services such as fractional trading, robo-investing, and advisory support. Higher adoption of omnibus accounts may also reduce brokers’ credit risks, lower costs for investors, and attract foreign intermediaries. Broker custody accounts have grown at a compound annual growth rate of over 10% in the past five years, compared with low single-digit growth for CDP accounts. The consultation paper is open for public input until March 27, 2026.

Financial & Commodity Market Operators

Operation Updates

29 Jan, 2026

Singapore Airlines(SIA)

Singapore Airlines and Malaysia Airlines have formalised their joint business partnership following regulatory approval from Malaysia’s Civil Aviation Authority in January 2026 and Singapore’s Competition and Consumer Commission in July 2025, allowing both airlines to strengthen connectivity and offer greater flexibility for travel between Singapore and Malaysia through initiatives such as revenue-sharing flights, joint fare products, coordinated flight schedules and corporate travel arrangements, with further details to be announced.

Airlines

Operation Updates

28 Jan, 2026

Sembcorp Industries

A joint venture between Sembcorp Development and Vietnam’s state-owned Becamex IDC has received approval to develop VSIP Hue, a 467-hectare industrial park in Hue City, central Vietnam, with Sembcorp holding a 49.3% stake in the joint venture. Located near Da Nang and connected to major north–south transport corridors, the project is positioned to offer manufacturers cost efficiency, access to a skilled workforce, and strong domestic and international connectivity. With VSIP Hue and a recently approved project in Khanh Hoa, Sembcorp Development’s urban portfolio now exceeds 15,700 hectares across China, Indonesia and Vietnam, supporting its target of reaching 18,000 hectares of gross development land by 2028.

Conglomerates

Operation Updates

28 Jan, 2026

ST Engineering

Singapore Technologies Engineering secured S$4.7 billion in new orders in 4QFY2025, lifting total FY2025 order wins to S$18.7 billion, compared with S$12.6 billion in FY2024. The defence and public security segment accounted for the largest share at S$2.5 billion, including a Singapore contract to build the next-generation infantry fighting vehicle and overseas ammunition orders. The commercial aerospace segment added S$1.7 billion, supported by a five-year nacelle MRO agreement for LOT Polish Airlines’ Boeing 787 fleet and another European carrier. The urban solutions and satcom segment contributed S$0.5 billion, driven by rail electronics solutions for Changi Airport Terminal 2 Skytrain, the supply of 250 electric buses to the Land Transport Authority, and new tolling system contracts in the US, including a six-year US$146 million RiverLink Tolling System project.

Aerospace & Defense

Contract Awarded

28 Jan, 2026

Skylink Holdings

Skylink Holdings plans to raise up to $7.02 million through a proposed share placement at 27 cents per share, with proceeds mainly earmarked for expanding its electric commercial vehicle fleet, electric vehicle initiatives, and loan book, including potential mergers and acquisitions. The placement price represents a 7.53% discount to the volume-weighted average price of 29.2 cents based on trades on Jan 23, and SAC Capital Private Limited has been appointed as the placement agent.

Passenger Transportation, Ground & Sea

Fund Raising

28 Jan, 2026

Hongkong Land Holdings Limited

APG, a Dutch pension investment manager, and Qatar Investment Authority (QIA) are reported to be the anchor investors in Hongkong Land’s Singapore Central Private Real Estate Fund (SCPREF), according to PERE.

Real Estate - Development

Others