Small businesses in Asean prioritising tech investments for 2020: survey

TECHNOLOGY investments are the top investment priority for small businesses in South-east Asia this year. They are counting on technology to overcome the impact of the Covid-19 pandemic on their operations.

HOT STOCKS

iFast cites Bloomberg report after SGX query about its 13% share surge

SHARES of mainboard-listed iFast Corporation rose 13 per cent on Friday, prompting queries from the Singapore Exchange (SGX) about the "unusual" price movements.

Quarz, Black Crane to vote against Sabana-ESR merger

FUND managers Quarz Capital Management and Black Crane Capital said in an open letter on Friday that they intend to vote against the proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and ESR-Reit.

Hot stock: SGX queries iFast after shares rise 12%

THE Singapore Exchange (SGX) on Friday morning queried mainboard-listed wealth management and brokerage platform iFast Corporation about its "unusual price movements" after iFast shares rose more than 12 per cent.

Soilbuild Construction, BBR, Hotel Properties and Koyo warn of H1 losses

FOUR more Singapore-listed companies warned of net losses for their results for the six months ended June 30, 2020, mostly due to government-mandated operating suspensions amid the Covid-19 pandemic.

Singapore stocks open lower on Friday; STI down 0.5%

SINGAPORE shares opened lower on Friday, as lender OCBC Bank posted a larger-than-expected fall in Q2 net profit.

CapitaLand H1 profit plunges 89% to S$96.6m on Covid-19 restrictions, tenant support

CAPITALAND posted an 89 per cent drop in net profit to S$96.6 million for the six months ended June 30, 2020 from S$875.4 million a year ago.

Quarz, Black Crane to vote against Sabana-ESR merger

FUND managers Quarz Capital Management and Black Crane Capital said in an open letter on Friday that they intend to vote against the proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and ESR-Reit.

ESR-Reit will not raise offer price for Sabana in proposed merger

ESR-REIT does not intend to increase the scheme consideration for its proposed merger with Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), its manager said in a bourse filing on Thursday.

Frasers Hospitality to open Tokyo serviced residence on Aug 7

FRASERS Hospitality, a member of Frasers Property, on Thursday said it is opening a 22-storey serviced residence named Fraser Suites Akasaka in Japan on Aug 7.

FSL Trust announces sale of three ships, following Q2 profit decline

THREE wholly-owned subsidiaries of First Ship Lease (FSL) Trust have executed memoranda of agreement to sell three containerships to unaffiliated third parties, and received the initial 10 per cent deposit in escrow, the trust's manager said in a bourse filing on Wednesday.

Singapore stocks open higher on Thursday; STI up 0.8%

SINGAPORE shares rose on Thursday even as local lenders DBS and United Overseas Bank (UOB) posted lower Q2 earnings.

ESR-Reit will not raise offer price for Sabana in proposed merger

ESR-REIT does not intend to increase the scheme consideration for its proposed merger with Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), its manager said in a bourse filing on Thursday.

Sabana defends ESR deal valuation but Quarz says reasoning 'absurd'

THE manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) has insisted that its proposed deal with ESR-Reit does not necessarily undervalue Sabana as it is a merger and not an asset sale. But activist fund Quarz Capital Management criticised this reasoning as...

Four-storey mixed-use building at River Valley Road for sale with S$24m guide price

A FOUR-STOREY mixed-use building at 286 and 288 River Valley Road is up for sale by expression of interest with a guide price of S$24 million, or about S$5,742 per square foot on land area, exclusive marketing agent CBRE said on Wednesday.

China Everbright Water's 1b yuan first tranche notes issue 2 times subscribed

DUAL-LISTED environmental services group China Everbright Water on Wednesday said the one billion yuan (S$197.1 million) first tranche of its medium-term notes issue was 2.01 times subscribed by institutional investors in the interbank bond market in China.

Indonesia bill payment startup Ayoconnect raises US$5m in pre-Series B round

INDONESIAN fintech company Ayoconnect has raised US$5 million in a pre-Series B funding round from investors including BRI Ventures, the corporate venture capital arm of Indonesia's Bank BRI; Tokyo-listed Internet company Kakaku.com; and Brama One Ventures.

Sabana Reit clarifies proposed merger with ESR-Reit not an asset sale

THE proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) with ESR-Reit is not an asset sale, but a merger by way of a trust scheme of arrangement that will enable unitholders to stay invested in a "stronger, larger and more resilient enlarged Reit",...

FLCT to sell stake in facility, buy 2 properties

FRASERS Logistics & Commercial Trust (FLCT) is looking to acquire two properties in Australia and the UK from its sponsor Frasers Property, as well as sell its remaining half stake in a cold storage facility in Australia, said the trust's manager, which also released an update saying that...

Quarz Capital's recent trail of activist calls

ACTIVIST investor Quarz Capital Management has resurfaced, having built a substantial stake in Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and arguing that the buyout bid from ESR-Reit is ''too low''.

Singapore's Equis raises 100b won to build waste-to-energy facilities in South Korea

SINGAPORE-BASED renewable energy and waste infrastructure developer Equis Development has completed a 100 billion South Korean won (S$115.3 million) equity capital raise with Hana Financial Investment, to construct a portfolio of four waste-to-energy facilities in South Korea.

Frasers L&C Trust to sell stake in facility, buy two properties from sponsor; Q3 revenue doubles

FRASERS Logistics & Commercial Trust (FLCT) is looking to acquire two properties in Australia and the UK from its sponsor Frasers Property as well as sell its remaining half stake in a cold storage facility in Australia, said the trust's manager, which has also released its latest business...

VIRUS OUTBREAK

Singapore's visitor arrivals in June sink to 2,200 from 1.6m a year ago

SINGAPORE'S visitor arrivals in June plummeted to 2,200 from 1.6 million a year ago, the Singapore Tourism Board (STB) has said. Visitors numbered 880 in May and 750 in April, compared to 1.5 million in May 2019, and 1.6 million in April 2019.

Singapore's visitor arrivals in June sink to 2,200

SINGAPORE'S visitor arrivals in June plummeted to 2,200 from 1.6 million a year ago, the Singapore Tourism Board (STB) has said.

Quarz Capital's recent trail of activist calls

ACTIVIST investor Quarz Capital Management has resurfaced, having built a substantial stake in Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and arguing that the buyout bid from ESR-Reit is "too low". The Business Times looks...