Watch startup Zelos crosses $24K Kickstarter goal in 12 hours

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In a pattern that seems to indicate the tremendous potential of crowdfunding, and a growing demand for premium wearable devices, Singapore-based watch startup Zelos surpassed its $24,000 Kickstarter crowdfunding within 12 hours of launch. As of the time of writing, funding stood at US$88,000, with 22 days left for it’s… Read more »

Tookitaki raises $1m seed funding led by Jungle Ventures

India-based data intelligence startup Tookitaki has raised $1 million seed funding, in a round  led by Singapore’s Jungle Ventures. The round was joined by Japan- Singapore based Rebright Partners and existing investor Blume Ventures. The company, headquartered in Singapore, will use the funds to extend product R&D, expand operations in… Read more »


Pacific Healthcare sells cancer centre for S$5m

Singapore-listed Pacific Healthcare Holdings will sell its wholly owned Pacific Cancer Centre to Royal Medical & Imaging for S$5 million Singapore-listed Pacific Healthcare Holdings will sell its wholly owned Pacific Cancer Centre to Royal Medical & Imaging for $5 million. “The proposed disposal is a good opportunity for the company to dispose of an… Read more »


Link Holdings plans IPO via reverse takeover

Property developer Link (THM) Holdings plans to list on the Singapore Exchange through a reverse takeover of listed company Ocean Sky International in a $226-million deal. Ocean Sky provides building and civil engineering contract services primarily in Singapore This takeover will be an opportunity for Link to expand its property… Read more »


Southern Capital’s offer for UE E&C closes Jan 28

Private equity firm Southern Capital Group’s offer to buyout Singapore listed engineering and building company UE E&C for S$1.25 apiece closes on January 28, but the move to take company private may yet be thwarted by rubber industry veteran Oei Hong Bie. Tong Tiek, a company linked to Hong Bie… Read more »


GIC part-exits India’s Edelweiss for $11m

Singapore’s sovereign wealth fund, Government of Singapore Investment Corp (GIC), has sold about 20 per cent of its holdings in India’s Edelweiss Financial Services for around Rs 71 crore ($11.5 million). The Singapore fund is the second largest institutional shareholder in Edelweiss after Carlyle group, but its holdings have come down… Read more »


Temasek weighs options on Standard Chartered?

Singapore government owned fund Temasek Holdings is weighing its options on troubled bank Standard Chartered, that has operations across 70 countries and employs more than 80,000 people, media reports said. Temasek holds about 18 per cent stake in emerging markets bank Standard Chartered, and is learnt to have sounded out potential… Read more »


SG Roundup: Failed realty deals 

Singapore’s real estate industry ended the year 2014 with a couple of failed realty deals, involving Celestine Management’s failed attempt to buy Second Chance Properties and the dissolution of stake in Epic Land by joint investors –Lian Beng Group, KSH Holdings, and KOP Limited. Celistine Management, Second Chance Properties deal… Read more »


Exclusive: Acronis to consider IPO In 2016

Singapore headquartered backup and disaster recovery software vendor, Acronis, will ‘consider’ an initial public offering (IPO) in 2016, its chief executive said. Serial entrepreneur Serguei Beloussov, who returned in May 2014, to take the reins of the company, said raising capital will not be the primary reason behind the company… Read more »


IPC Corp sells 2 Japan hotels for $29.6m

Singapore listed IPC Corporation Ltd has sold two hotels in Sapporo (Japan) for 2.69 billion yen (S$29.6 million) to GK Sapporo Holdings Tokumei Kumiai. GK Sapporo Holdings Tokumei Kumiai, a wholly owned subsidiary of the Ichigo Group Holdings (which is listed on Tokyo’s Jasdaq market and manages the Ichigo REIT),… Read more »