STARTUPS

Venture capital firms share long-term investment strategies

A STRICT seed-stage focus and building brands out of consumer trends are some of the investment strategies that venture funds will deploy in South-east Asia over the next five years.

TSMP Law expands on several fronts

SINGAPORE law firm TSMP Law is strengthening its capabilities on several fronts by hiring a second senior counsel, expanding its regulatory offering and establishing a new compliance consulting firm.

No major short-term impact expected on S'pore refinery sector from Saudi attack: MTI

THE attack on Saudi oil plants over the weekend is not expected to have a significant impact on Singapore's refinery sector in the short term, said the Ministry of Trade and Industry (MTI) on Tuesday.

SGX rejects BlackGold's application for 3rd extension of time to hold AGM

BLACKGOLD Natural Resources is now working towards holding its FY2018 annual general meeting by Oct 31 after the Singapore Exchange (SGX) rejected its application for a third extension of time.

Mapletree Logistics Trust to buy Australia warehouse for A$18.4m

MAPLETREE Logistics Trust (MLT) has entered into a conditional forward purchase agreement to acquire a warehouse in Australia for A$18.4 million (S$17.4 million) from Wooreddy Investments.

TSMP Law expands team, sets up compliance consulting firm

SINGAPORE law firm TSMP Law is strengthening its capabilities on several fronts with a second senior counsel, an expanded regulatory offering, and a newly established compliance consulting firm.

Capital markets platform iSTOX appoints ex-MAS deputy director as head of compliance

CAPITAL markets platform iSTOX has appointed a former deputy director at the Monetary Authority of Singapore (MAS) as its head of compliance.

Mapletree and its Reit to buy US$1.37b of data centres

MAPLETREE Investments and Mapletree Industrial Trust (MIT) are set to acquire a North America data centre portfolio worth US$1.37 billion (S$1.9 billion) from data centre provider Digital Realty.

Jumbo opens 2nd Tsui Wah outlet in Singapore at Orchard Rd

JUMBO Group has opened its second Tsui Wah outlet in Singapore at The Heeren along Orchard Road.

Closing date of offer for Star Pharmaceutical extended by 2 weeks

THE closing date of the S$0.45 a share offer for Star Pharmaceutical has been extended to 5.30pm on Oct 7.

TEE International's controlling shareholder to sell 23% stake in group

TEE International's controlling shareholder Phua Chian Kin has entered into a binding term sheet to sell 150 million shares in the company, representing a 23 per cent stake, for a total of S$9 million in cash or S$0.06 per share.

Mapletree Investments, MIT to acquire North America data centre portfolio

MAPLETREE Investments and Mapletree Industrial Trust (MIT) are set to acquire a North America data centre portfolio worth US$1.37 billion from data centre provider Digital Realty.

Wing Tai subsidiary buys Australia data centre for A$51m

REGIONAL property and lifestyle group Wing Tai Holdings said on Monday that a trustee of its wholly-owned subsidiary WT DC Trust II has agreed to buy a freehold data centre in Australia for A$51 million (S$48.2 million).

SINGAPORE PROPERTY

Muted demand for private residential properties a concern for developers, says Redas president

PRICES of private residential properties may have gone up in the second quarter, but this does not reflect the true state of the market, said Chia Ngiang Hong, president of the Real Estate Developers Association Singapore (Redas) on Friday.

Ying Li International flags potential discrepancies in financial statements

YING Li International Real Estate has been given a further extension of time by the Singapore Exchange to report its Q2 results due to potential discrepancies in its financial statements found by its new finance team.

Yarwood Avenue GCB up for auction with guide price of S$23m

A TWO-STOREY good class bungalow (GCB) at 18A Yarwood Avenue is set to go up for sale via auction next week with a guide price of S$23 million, marketing agent Knight Frank Singapore said on Friday.

Ascendas Australia Hotel Trust's purchase of Melbourne apartments axed

ASCENDAS Australia Hotel Trust (AAHT)'s A$120 million (S$113.2 million) acquisition of serviced apartments in Melbourne has been terminated, said Ascendas Hospitality Trust on Friday.

Ex-interim CEO of Pine Capital unit withdraws appeals against group

THE former interim CEO and executive chairman of Pine Capital unit Advance Capital Partners Asset Management (ACPAM) had, on Sept 3, formally withdrawn his appeal for an extraordinary general meeting (EGM) of ACPAM to be held and for an order that the quorum requirements of ACPAM to hold a...

Lian Beng subsidiary secures S$107.5m construction contract

LIAN Beng's 60 per cent-owned subsidiary United Tec Construction has bagged a S$107.5 million contract from CEL Newton to construct a residential development at Kampong Java Road.

Vibrant Group posts Q1 net profit of S$33.1m

VIBRANT Group on Friday posted a net profit of S$33.1 million for the first quarter ended July 31, soaring from S$742,000 a year ago.

Hupsteel founding family gets enough acceptances of offer to delist firm

THE founding family of Hupsteel Limited has received enough valid acceptances of its offer to delist the group.

Franklin Templeton appoints Dora Seow as Singapore country head

AMERICAN asset management firm Franklin Templeton has appointed Dora Seow its country head for Singapore, effective Oct 1.

Yarwood Avenue GCB up for auction with S$23m guide price

A TWO-storey good class bungalow (GCB) at 18A Yarwood Avenue is set to go up for sale via auction next week with a guide price of S$23 million, marketing agent Knight Frank Singapore said on Friday.

Ascendas Australia Hotel Trust's purchase of Melbourne serviced apartments axed

ASCENDAS Australia Hotel Trust (AAHT)'s A$120 million (S$113.2 million) acquisition of serviced apartments in Melbourne has been terminated, said Ascendas Hospitality Trust on Friday.

Ying Li flags potential discrepancies in financial statements

YING Li International Real Estate has been given a further extension of time by the Singapore Exchange to report its Q2 results due to potential discrepancies in its financial statements found by its new finance team.