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The Edge Singapore

Grand Banks Yachts provides update on use of rights issue proceeds

Grand Banks Yachts has provided a breakdown of the use of the $12.2 million in net proceeds raised from its recent rights issue. As of today, the yacht manufacturer said about $5.8 million were used for the acquisition of ...
Full article at: The Edge Singapore 1 day ago, 7:13am CDT
 

Swiber to fly Mexican flag on five of its vessels

Swiber Holdings, the global provider of integrated offshore construction and support services to the oil and gas industry, will be flying the Mexican flag on five of its fleet of vessels in Mexico as reaffirmation of its long-term commitment to clients in the country’s rapidly growing oil and gas indust ...
Full article at: The Edge Singapore 1 day ago, 7:03am CDT
 

Heeton, Lian Beng and KSH to co-develop $174 mil Brisbane property

Heeton Holdings, Lian Beng Group and KSH Holdings announced today that they are collaborating via their respective subsidiaries to co-develop a A$150 million ($174 million) mixed development in Fortitude Valley, Brisbane, Australia. The proposed mixed development includes two residential towers of 30-storey and 23-storey with a total of 324 apartment units as well a ...
Full article at: The Edge Singapore 1 day ago, 6:54am CDT
 

Olam sells 25% of packaged foods unit to Sanyo Foods for $233 mil

Singapore commodities firm Olam International has agreed to sell a 25% stake in its packaged foods operations to Japanese instant noodle maker Sanyo Foods for US$187.5 million ($233 million), the companies said in a joint statement. ...
Full article at: The Edge Singapore 2 days ago, 5:44am CDT
 

OCBC seeks $3.37 bil via rights issue after Wing Hang bid: Update

Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender by assets, plans to raise $3.37 billion by offering shares to existing holders after its acquisition of Hong Kong’s Wing Hang Bank. The company will sell as many as 440 million new shares at a ratio of one share for every eight held in a rights offer at $7.65 each, Singapore-based OCBC said in a statement to the city-state’s exchange today. The price represents ...
Full article at: The Edge Singapore 2 days ago, 9:18pm CDT
 

More players tussling for property dollar

The tussle for Singaporeans’ property dollar looks set to intensify with the opening of a sales office here by Australian player Walker Corporation and the initial launch of Princess Cove by Guangzhou-based R&F Properties over the weekend, the Business Times reported. Walker Corp, one of Australia's largest private developers, said that the 1,700 sq ft office in Liat Towers on Orchard Road ...
Full article at: The Edge Singapore 2 days ago, 8:15pm CDT
 

OCBC seeks $3.37 bil via rights issue after Wing Hang bid

Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender by assets, plans to raise $3.37 billion  by offering shares to existing holders after its acquisition of Hong Kong’s Wing Hang Bank. The company will sell as many as 440 million new shares at a ratio of one share for every eight held in a rights offer at $7.65 each, Singapore-based OCBC said in a statement to the city-state’s exchange today. The price represents a 25% discount t ...
Full article at: The Edge Singapore 2 days ago, 8:06pm CDT
 

Lee to add funding options for Singapore retirees as nation ages

Singapore will broaden the options for its citizens to monetize state-subsidized homes and may offer greater flexibility for retirees to draw funds from the mandatory savings program, Prime Minister Lee Hsien Loong said. A plan that lets elderly citizens sell part of their leases on smaller Housing & Development Board apartments back to the government will be extended to so-called four-room flats, or those that are abou ...
Full article at: The Edge Singapore 2 days ago, 8:01pm CDT
 

Aug 18: KrisEnergy, OCBC, Noble Group

The Straits Times Index (STI) on Friday ended +19.94 points higher or +0.61% to 3,314.77, taking the year-to-date performance to +4.74%. The top active stocks were Japfa (unchanged), Golden Agri-Res (+0.94%), DBS (-0.11%), SingTel (+1.03%) and UOB (-0.70%). Here are some stocks th ...
Full article at: The Edge Singapore 2 days ago, 7:58pm CDT
 

OCBC plans 1 for 8 rights issue at $7.65 each to raise $3.3 bil

Oversea-Chinese Banking Corporation said it is proposing to carry out a renounceable underwritten rights issue of up to 440 million new shares in the company at an issue price of $7.65 for each on the basis of one rights share for every eight shares he ...
Full article at: The Edge Singapore 2 days ago, 7:48pm CDT
 



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