Singapore: Osim to relist on HKSE as V3; National Arts taps SGX

Visual of property in Singapore

Lifestyle products firm Osim is relisting on the Hong Kong bourse while Hong Kong’s National Arts is seeking to list its spin-off on the SGX as a business trust.

Osim relisting as V3 in Hong Kong

Osim, known for its massage chairs and relaxation products, is relisting on the Hong Kong Stock Exchange (HKSE) as V3 following its delisting from the Singapore Exchange (SGX) last year.

The initial public offer (IPO) in Hong Kong remains unpriced despite the submission of a preliminary prospectus. Credit Suisse, Bank of China International and Jeffries are the joint sponsors for the IPO.

It posted total revenue for the year ended 31 December 2016 at S$577 million,  according to details in the draft prospectus. In March 2016, Osim founder and CEO Ron Sim conducted a S$1 billion takeover of the company he founded through his vehicle Vision Three.

It was among a number of delistings from the SGX in 2016, which saw Electronics group Aztech, shipping firm Neptune Orient Lines, transport operator SMRT and budget carrier Tigerair privatised in H2 2016. The lack of liquidity and negative market sentiment were cited as reasons for these delistings.

HK-based National Arts to list assets in Singapore

Hong Kong-listed National Arts Entertainment and Culture Group is seeking to list its spin off, Xiqiao National Arts Film Studio Project, as a business trust or real estate investment trust (REIT) on the Singapore Exchange (SGX) and raise S$120 million.

National Arts Entertainment focuses on film production and media. Net proceeds from the proposed Singapore listing will be used for repayment of debt and general working capital. The listing is subject to the maximum limit of 60 per cent of the total market capitalisation of listed units.

It has entered into an agreement with Skeel Advisors to provide consulting services on the listing and arrange underwriter for the possible formation of either a business trust or REIT on the Singapore bourse.

This listing will see the injection of the company’s Xiqiao National Arts Film Studio and National Arts Resort Hotel (collectively the Xiqiao National Arts Film Studio Project). 

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.