Markets & Investing
Singapore's IPO market crashed 84% to $730m in 2018
This is significantly smaller compared to 2017’s $4.7b across 120 IPOs.
Singapore's IPO market crashed 84% to $730m in 2018
This is significantly smaller compared to 2017’s $4.7b across 120 IPOs.
Daily Briefing: Lakeside Apartments' revived $205m en bloc price down 14.6%; Government to revamp Orchard Road as a lifestyle destination
And Temasek-owned Accuron Technologies spins out medtech business.
SGX mulls tougher auditing rules to intensify oversight
They propose to require a second auditor apart from the existing statutory for certain circumstances.
Keppel arm to sell 70% stake in Vietnam for $136m
The funds will be used to pursue other opportunities in Vietnam.
Daily Briefing: Hyflux assures investors of its commitment to ‘fair' restructuring plan; GBCI kicks off $135.25m smart city development fund
And newly-opened incubator Design Orchard features emerging local brands.
Chart of the Day: Foreign players injected $8.11b into Singapore real estate in 2018
Gaw Capital, ARA-Chelsfield and Allianz Real Estate entered the market last year.
MAS blocks securities token offering over regulatory breach
The issuer intended to rely on an SFA exemption to offer securities without registering a prospectus with MAS.
Singapore's fund managers flag trade tensions and US tightening as key concerns
Fund managers are embracing multiasset strategies in response to dismal conditions.
Singapore startups hauled US$7.5b in funding in 2018
The automotive segment drove away with $1.3b in funding.
Singapore auto platform Motorist.sg nabs seed funding from angel investors
JobsCentral’s co-founders Der Shing Lim and Shao-Ning Huang and live chat software Zopim’s co-founder Royson Tan pitched in.
Daily Briefing: Ofo faces suspension after breaching multiple regulatory requirements; Sunseap buys minority stake in Australian solar construction firm Todae Solar
And Tampines Avenue 10 executive condominium site receives seven healthy bids from developers.
SGX adopts SWIFT's CSD community offering to bring messaging costs down
SWIFT claims that costs can be cut by up to 50%.
SGX urged to relook rules allowing Mainboard companies to transfer to Catalist
Increased transfers to Catalist could harm the liquidity and valuation of firms already listed on the board.
SEEDS Capital inks tie ups to inject $90m for agrifood tech startups
They will provide up to $4m per startup.
Homegrown SMEs turn to Hong Kong for short-lived IPO rally
However, they failed to sustain the momentum as they trade below offer prices.
Cityneon to delist after accepting buyout offer
West Knighton is buying 99% of its shares.
Investors pool cash into S-REITs amidst dovish Fed stance
Sector yield spread of 4.2% is above the 10-year average of 3.8%.
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