SG Dealbook: EnGro unit to list in China; HTL may delist following takeover bid

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Singapore-Chinese corporate transactions are seeing significant activity, with EnGro slated to list a JV in China, while HTL International may be subject to a takeover and delisting following an acquisition bid. EnGro to list JV in China Speciality concrete supplier EnGro Corporation has announced that its joint venture (JV) company, Wuhan… Read more »

SG Dealbook: Malaysian realty firm Astaka lists on Catalist; Rajah & Tann launches SME practice

Singapore firms will be better served with the launch of a new unit catering to entrepreneurs and SMEs by Rajah & Tann Singapore, while the Catalist has seen the addition of a new firm, Malaysian property developer Astaka Holdings Limited. Astaka Holdings lists on Catalist board Astaka Holdings, formerly known… Read more »


Singapore: GIC to increase exposure to UK property market, exploring Africa

Singapore’s sovereign wealth fund GIC will be looking to increase its exposure to the UK property market particularly in commercial real estate. A state investment major, GIC is one of the wealthiest global state funds with its real estate arm owning properties across 40 countries, overseen by 150 employees in nine offices. In a report by the Wall Street… Read more »


Singapore: IIPL, Startup Sri Lanka partner for Xeleration accelerator initiative

Startup Sri Lanka, an initiative by SLASSCOM Innovation and Entrepreneurship Forum, has launched Xeleration, Sri Lanka’s first accelerator programme. As part of the startup exchange programme under this initiative, Startup Sri Lanka is partnering with Infocomm Investments Pte Ltd (IIPL), the investment subsidiary of the Infocomm Development Authority (IDA) of Singapore.  … Read more »


France’s CMA CGM in exclusive talks to buy Temasek-backed Neptune Orient Lines

France’s CMA CGM SA has entered into exclusive talks with Singapore state fund Temasek Holdings-backed Neptune Orient Lines Ltd, and the deal, if successful, will mark one of the largest consolidation moves in container-shipping lines in recent years. Earlier this month, this portal had reported that France’s CMA CGM SA and Denmark’s A.P. Moeller-Maersk… Read more »


SGX attempts to consolidate regional corporate debt with new bond platform

Singapore Exchange Ltd’s new corporate bond trading platform is expected to travel a difficult road, with some traders fearing that long-standing problems in Asia’s debt market will see the bourse struggle to make headway just like others before it. The platform, due to launch early next year, is the first of… Read more »


Singapore: Crowdfunding company CoAssets establishes second JV, enters China market

Singapore-based and NSX-listed real estate crowd-funding company CoAssets has established its second strategic joint venture (JV) as part of its regional expansion. It has formed a JV with Fujian Yaosheng Zichan (Yaosheng), which will enable its entry point in the People’s Republic of China. According to a release, Yaosheng is a… Read more »


Cisco-IIPL partner to launch Cisco startup innovation progamme

Infocomm Investments Pte Ltd (IIPL), a wholly owned subsidiary and investment arm of the Infocomm Development Authority of Singapore (IDA), and global information technology and services IT major Cisco have paunched a partnership to identify and nurture Singapore-focused start-ups. Selected startups will be invited to participate in the Cisco-Technopreneur Action… Read more »


Singpore’s IIPL, Spain’s Barcelona Activa team up to provide market access to startups in both countries

Barcelona Activa, a local development agency in Spain, and IIPL (Infocomm Investments) of Singapore have partnered to promote collaborations for startup ventures in both the countries. Infocomm Investments, a wholly-owned subsidiary of the Infocomm Development Authority (IDA) of Singapore, manages over $200 million and invests in early stage startups. Barcelona Activa, which comes under… Read more »


GrabHitch competitor, Singapore carpool app Ryde raises $1m seed round

Ryde, which describes itself as a social enterprise that promotes carpooling as a sustainable alternative for daily commute, Friday announced that it had secured $1 million in seed round funding from “strategic angel and private investors.” Carpooling services see a market in Singapore, as the city-state ranks among the costliest… Read more »