SG Dealbook: Wilton forms agreement with Yunnan Chihong; Regal in partnership to develop Sarawak land
By Shiwen Yap
Wilton Resources has fired an agreement framework with a unit of Yunnan Metallurgical Group;Regal International is in a partnership to develop a Sarawak land parcel.
“We need to go back to being modest and cautious and economical,” said Richard Elman, who set up the Hong Kong-based group with $100,000 in 1986. The commodity market slump and the accounting issues have wiped out about three-quarters of Noble’s market value over the past year, to just $1.4 billion, and prompted Standard & Poor’s and Moody’s to cut its credit rating to junk.
Henry Ho, a former managing director of Temasek, has been hired by Rothschild as its non-executive chairman for Southeast Asia.
Singapore is currently the cheapest stock market in Southeast Asia. Shares on the MSCI Singapore Index trade at about the value of its companies’ net assets, compared with a multiple of 1.8 on a measure of global equities.
S-REITs are expected to broaden and deepen their presence via international acquisitions, with a focus on Australian industrial properties.
Secura Group targets S$19.4m in IPO, GS Holdings raises S$4.1m. Yet, S’pore listings slump set to continue in 2016
The Singapore exchange has been left in the dust by regional rival Hong Kong, which emerged as the world’s largest IPO market in 2015 with 138 listings ahead of New York, Shanghai and London. Companies raised $25 billion from HK listings last year, about 160 times more than what firms did in Singapore.
Frasers Hospitality Trust (FHT) is exploring the acquisition of hospitality & tourism assets in Melbourne.
This Singapore startup wants to empower surveillance cameras to detect unusual activities. Bags $1.5m from NRF
Can surveillance cameras detect abnormal behavior by individuals? After months of running tests in Sentosa Island, Singapore’s most popular tourist destination, local firm Vi Dimensions is convinced that video analytics can be used to identify suspicious activity. From unusual crowd buildup to public brawls to unattended toddlers, the Singapore startup,… Read more »
Li Heng is to delisting from the Singapore Exchange;SHC Capital is exploring the potential acquisition of tourism assets in Myanmar.
2015 saw SingPost acquire 96.4 per cent of TradeGlobal for $168.5 million and a 71.1 per cent interest in Jagged Peak for $15.8 million.