Nanshan-backed W Capital has more than 10 IPO pipeline deals

HAVING built up the investment banking business in Tata Capital Markets and AMFraser Securities from scratch in his 16 years in investment banking, Wayne Lee decided last year to venture out with his own investment banking outfit.

CCT says negative rent reversion may hit growth

CapitaLand Commercial Trust (CCT) on Thursday posted a 3.8 per cent increase in distribution per unit (DPU) to 2.2 Singapore cents for its first quarter ended March 31, 2019, up from 2.12 cents paid out a year ago.

CCT posts 3.8% rise in Q1 DPU to 2.2 Singapore cents

CAPITALAND Commercial Trust (CCT) on Thursday posted a 3.8 per cent increase in distribution per unit (DPU) to 2.2 Singapore cents for its first quarter ended March 31, up from 2.12 cents paid out a year ago.

AGM WATCH

SembMarine says recovery for firm could come later this year or 2020

SEMBCORP Marine chairman Mohd Hassan Marican at Tuesday's annual general meeting flagged that the company may be approaching the bottom of "a very long downcycle", and recovery could come as soon as later this year or in 2020.

BT EXCLUSIVE

Cash-flush buyers taking billions off Singapore bourse via privatisations

PRIVATISATION has picked up pace this year, and is likely to continue, as acquirers - strategic investors, private equity firms and entrepreneurs - continue to target listed corporates.

CapitaLand Mall Trust names Teo Swee Lian as new chairman

THE manager of CapitaLand Mall Trust on Thursday announced board changes, including new chairman Teo Swee Lian, who has spent more than 27 years with the Monetary Authority of Singapore.

A question of time: The great HDB lease decay debate

And just last month, the government said that it is looking into relaxing Central Provident Fund (CPF) loan rules on the purchase of older resale flats. Currently, a home owner can only use his CPF money for his flat purchase if his age plus the number of years left on the remaining lease of the...

Kingboard Copper Foil's controlling shareholder launches 2nd privatisation bid

EXCEL First Investments is making a fresh attempt to privatise Kingboard Copper Foil Holdings.

Excel First Investments launches repeat takeover, privatisation bid for Kingboard Copper

EXCEL First Investments on Thursday made a repeat takeover-cum-privatisation offer for shares in Kingboard Copper Foil Holdings at S$0.60 each in cash.

China Everbright unit makes offer for Ying Li

A UNIT of China Everbright (CEL), State Alpha, is making a mandatory unconditional cash offer for Chongqing-based property developer Ying Li International Real Estate at S$0.14 per share.

China Everbright unit makes offer for Ying Li International

A UNIT of China Everbright (CEL), called State Alpha, is making a mandatory unconditional cash offer for Chongqing-based property developer Ying Li International Real Estate at S$0.14 per share.

MinLaw mulling over allowing appeal to Courts post arbitration awards

SINGAPORE'S Law Ministry is currently considering allowing parties to appeal to the courts on a question of law arising out of an arbitration award, Law and Home Affairs Minister K Shanmugam said in a written reply to a question from Murali Pillai (Bukit Batok SMC) on Monday....

EC recognises some S'pore derivatives trading venues

THE European Commission (EC) on Monday recognised a few Singapore trading venues authorised by the Monetary Authority of Singapore (MAS) as eligible for compliance with the EU trading obligation for derivatives.

Probe on former Midas directors, officers to continue despite winding up moves

PENDING moves to wind up troubled aluminium train components supplier Midas Holdings will not stop the investigations of possible wrongdoings at the company, the authorities said in a statement on Monday.

KPMG questions KS Energy's ability to continue as a going concern

ENERGY services provider KS Energy's independent auditor, KPMG LLP, has expressed doubts over the company's ability to continue as a going concern.

No green light for IHH pending Fortis investigations on lapses, say external auditors

IHH Healthcare on Monday said that the company's external auditors, KPMG, have said that they cannot determine if there are any regulatory non-compliances and additional adjustments or disclosures which may be needed for the audit report, as a result of further findings from ongoing...

Keppel O&M announces novation of contract from BOTL to Borr Drilling

KEPPEL Corporation on Monday said that Keppel Fels, a wholly-owned subsidiary of Keppel Offshore & Marine, has inked a novation agreement with Borr Drilling and BOT Lease Co.

Authorities investigate possible wrongdoings of ex-Midas directors, officers

PENDING moves to wind up troubled aluminium train components supplier Midas Holdings will not stop the investigation of possible wrongdoings at the company, the authorities said in a statement on Monday.

SIA Engineering Company signs S$1.4b services agreement with SIA

SIA Engineering Company (SIAEC) on Monday announced the signing of a comprehensive services agreement with Singapore Airlines, which will supersede the previous agreement inked with SIA in April 2015.

SGX rejects Renaissance United's application for new share subscription

RENAISSANCE United, formerly known as IPCO International which was one of the penny stock saga-linked counters, on Monday said that the Singapore Exchange (SGX) has rejected its application for two Malaysian private investors to subscribe for 1.23 billion new shares in the company at about S$0....

Olam secures world's first digital loan of US$350m

OLAM International and its wholly-owned subsidiary Olam Treasury have secured a three-year digital-linked revolving credit facility of US$350 million.

Singapore, European regulators agree on mutual recognition of derivatives trading venues

THE European Commission on Monday recognised a few Singapore trading venues authorised by the Monetary Authority of Singapore (MAS) as eligible for compliance with the EU trading obligation for derivatives.

Keppel acquires stake in electric vehicle battery businesses for US$50m

KEPPEL Corporation has signed an agreement with Envision AESC to invest US$50 million for a minority stake in intelligent lithium-ion battery company Envision AESC Group.

TOPLINE

Making an organic expansion to paediatrics

ABOUT two years after diversifying into paediatrics, Singapore O&G is still making losses in the segment. But chief executive Ivan Lau says it is normal for new businesses to take a couple of years to break even. He believes that moving forward, the anticipated growth of the paediatrics...

Singapore market capitalisation dips slightly in March

THE total market capitalisation on the local bourse dipped 0.3 per cent in March from the previous month to end at S$923.6 billion, with a slightly more pronounced fall among the blue chips.