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Category: FINANCE

Posted on 03/08/2021

Singapore crypto firm Matrixport banks $100m to reach unicorn status

Matrixport, the crypto finance venture led by Bitmain’s billionaire founder Wu Jihan, has raised fresh capital from investors including DST Global and Tiger Global, ramping up its pre-money valuation ... ( read original story ...)

Posted on 03/08/2021

Singapore’s Wilmar International targets $605m IPO for its Indian JV Adani Wilmar

Singaporean agribusiness Wilmar International said on Monday it was pursuing a listing of its joint venture Adani Wilmar in India through an initial public offering worth up to Rs 45,000 million ($605 ... ( read original story ...)

Posted on 03/08/2021

Singapore’s Wilmar International targets $605 mn Indian IPO for Adani Wilmar

Singaporean agribusiness Wilmar International said on Monday it was pursuing a listing of its joint venture Adani Wilmar in India ... ( read original story ...)

Posted on 03/08/2021

Independent Reserve Receives Approval in Principle to Operate in Singapore

The digital currency exchange said the approval relates to becoming a regulated provider for digital payment token services. ( read original story ...)

Posted on 03/08/2021

Report: Maybank Singapore sues NFC chairman, children for defaulting on housing loans worth RM7.9m

National Feedlot Corp Sdn Bhd (NFC) chairman Datuk Seri Mohamad Salleh Ismail and his two children have been sued by Maybank Singapore Ltd, for defaulting on two housing loan facilities for properties ... ( read original story ...)

Posted on 03/08/2021

Lion-OCBC Securities China Leaders ETF begins trading amid positive analyst outlook

SINGAPORE - The Lion-OCBC Securities China Leaders exchange-traded fund (ETF) began trading on the Singapore Exchange (SGX) on Monday (Aug 2) amid a rebound in Chinese stocks.. Read more at ... ( read original story ...)

Posted on 02/08/2021

IPO-bound Grab sees net revenue rise by 39% in Q1 2021

Southeast Asian super app Grab, which is on route to an initial public offering (IPO) of US$2 billion, saw its adjusted net sales rise 39% year-on-year to an all-time high of US$507 million in Q1 2021 ... ( read original story ...)

Posted on 02/08/2021

The Business Times and OCBC to provide awards to enterprising emerging companies

SINGAPORE - Promising emerging companies will have the chance to get more resources to grow their business such as interest-free loans, in the 14th year of the Emerging Enterprise Award organised by ... ( read original story ...)

Posted on 02/08/2021

DBS and Temasek Launches US$500 Million Debt Financing Platform for Tech Startups

DBS and Temasek announced that they have jointly launched a US$500 million growth stage debt financing platform, EvolutionX Debt Capital. ( read original story ...)

Posted on 02/08/2021

Policybazaar IPO: 10 things to know about India’s largest online insurance aggregator

PB Fintech recorded a consolidated loss of Rs 150.24 crore in FY21 against loss of Rs 304 crore in FY20 and loss of Rs 346.81 crore in FY19. ( read original story ...)

Posted on 02/08/2021

DBS and Temasek to launch debt financing platform in Asia

DBS and Temasek announced that they have entered into an agreement to jointly launch a US$500 million growth stage debt financing platform ... ( read original story ...)

Posted on 02/08/2021

5 Singapore Dividend Stocks That I Never Plan to Sell

I am confident that these five Singapore stocks can continue to pay dividends for many more years. The post 5 Singapore Dividend Stocks That I Never Plan to Sell appeared first on The Smart Investor. ( read original story ...)

Posted on 02/08/2021

Blockchain Association Singapore Welcomes Former Regulator as Latest Board Member

Teng, who has become a member of the board, brings a wealth of experience from the financial and fintech sectors across multiple countries. ( read original story ...)

Posted on 02/08/2021

Vodafone arbitration case: Singapore court to hear India’s appeal in Sept

Arbitration court in September rejected India's demand for Rs 22,100 crore in back taxes and penalties from company. ( read original story ...)

Posted on 02/08/2021

AirAsia’s Tony Fernandes on building the ‘low-cost unicorn’ of Asian super-apps, digibank hopes and possible SPAC listing

Fernandes has brushed off analysts’ scepticism about his digital expansion plans, saying he will bring the airline’s underdog mentality to the new venture. ( read original story ...)

Posted on 02/08/2021

Unicorn IPOs may bring tax woes for early investors

Prior to getting listed unicorns have to bring down the per share price, so that small retail investors can participate in the issuance. The only way to do so is to issue bonus shares — a step that ... ( read original story ...)

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