Genting Singapore’s secures $1.66 b in bank loans


Genting Singapore PLC said its subsidiary – Resorts World at Sentosa Pte. Ltd (RWS) – had secured syndicated senior secured credit facilities of S$2.27 billion ($1.66 billion). The new loan will be used for refinancing Resorts World at Sentosa’s existing facilities of S$4.1925 billion obtained in 2011. The five-year loan consists… Read more »

Singapore’s F&B sector provides opportunities for entrepreneurial and M&A activity

The food & beverage (F&B) sector is an industry that is never short of demand from consumers, making it an ideal investment opportunity. The city state of Singapore is renowned for its food scene, but below the surface, the dynamics are changing. And the change is rapid. A recent report in… Read more »

Singapaore’s Centurion Corp puts REIT listing plan on hold

Singapore listed Centurion Corporation Limited, which owns and operates dormitories for foreign workers in Singapore and Malaysia, said it has put on hold, the plan, to list some of its assets through a REIT float. Earlier this year, Centurion Corporation had appointed Barclay, United Overseas Bank and UOB Kay Hian  to work on… Read more »

GIC, Exeter Property Group form €300m partnership to invest in logistics properties

Singapore’s sovereign wealth fund, GIC Monday said it had established a €300m ($324 million) partnership with Exeter Property Group, an industrial real estate investment management specialist, to invest in logistics properties in key European distribution hubs. GIC said the investment will be in those logistics distribution hubs that offer easy access… Read more »

Fatfish launches corporate advisory division for tech cos

Venture investment firm Fatfish Internet Group Ltd has set up a boutique corporate advisory unit, Fatfish Corporate Advisory Division (FCAD), focused on advising technology companies on capital access, initial public offering (IPO) and merger and acquisition (M&A) matters. The new business division complements the venture firm’s modus operandi, investing in internet… Read more »

Loyz Energy to raise S$13.6m through share placement

Singapore-listed oil exploration and production firm Loyz Energy Limited said it plans to raise about S$13.6 million through share placement. The company plans to place just under 147 million new shares at 9.5 cents apiece to 12 parties. The issue price of 9.5 cents represents a discount of approximately 6.5… Read more »

Temasek in talks to buy stake in ICICI’s insurance arm & India’s Capillary Technologies

Singapore state fund Temasek Holdings Pte and Paris based asset manager Carmignac Gestion are in talks to buy a minority stake in the insurance unit of India’s largest lender ICICI Bank Ltd., several media reports said, citing people close the developments. In a separate development, Temasek along with other investors… Read more »

MoolahSense closes additional seed funding round

MoolahSense, a Singapore-based peer to peer (P2P) business lending service, has successfully raised undisclosed amount, from an oversubscribed seed round led by East Ventures and Pix Vine Capital. The capital raised, will go towards talent acquisition for the marketing and business development teams. MoolahSense functions as an online crowd-financing (i.e. crowdfunding) platform that connects… Read more »

Exclusive: Russian VC Life.SREDA moving HQ to Singapore, targets $100m second fund

Russia’s economic slump is set to boost the fledgling financial services technology (Fintech) startup ecosystem in Singapore and South East Asia. Moscow-based venture capital firm Life.SREDA, that focuses exclusively on investments in Fintech mobile and internet projects, is pivoting to Asia, and moving its corporate headquarters to Singapore, executives aware… Read more »

Temasek-backed Intas Pharma expands into Spanish healthcare

Intas Pharmaceuticals, an Ahmedabad-based pharmaceuticals conglomerate partially owned by Temasek Holdings, has acquired the hospital business unit of Spanish generic drug manufacturer Combino Pharm via its subsidiary Accord Healthcare SLU. These include assets – inclusive of hospitals – in Spain and Portugal. Temasek Holding’s acquired a 10.16 per cent stake in Intas in… Read more »