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Tag: banking

Posted on 15/10/2024

India’s biggest IPO off to a slow start, subscribed 0.18x on Day 1

Hyundai IPO India IPO automotive sector Hyundai Motors subscription trends retail investors anchor investors Government of Singapore ...

Posted on 15/10/2024

Hyundai IPO a test of investor confidence in India’s ambition to be manufacturing powerhouse

The IPO proceedings could help Hyundai narrow market gaps in India, expand its facilities to serve global markets, analysts say.

Posted on 15/10/2024

Hyundai India IPO subscribed 18% on Day 1, retail portion booked 26%

Hyundai Motor India's Rs 27,870-crore initial public offering (IPO) saw a steady response on first day of subscription with 18 percent of the overall offer getting subscribed.

Posted on 15/10/2024

Hyundai Motor IPO opens: 0.16 pc of retail portion subscribed till noon

The Rs 27,870 crore initial share sale received bids for 89,92,522 shares against 9,97,69,810 shares on offer, as per NSE data till 11:39 hours.

Posted on 15/10/2024

India’s largest IPO ever! Hyundai Motor India – Price band, minimum investment, GMP, lot size, allotment date

The three-day subscription for the initial public offering (IPO) of Hyundai Motor India Limited (HMIL) has opened today.

Posted on 15/10/2024

BlackRock, Fidelity Snap up Hyundai India Shares in Record $3.3 Billion IPO

SYDNEY/SEOUL (Reuters) -Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.3 billion IPO that ...

Posted on 15/10/2024

Hyundai India IPO subscribed 10% on Day 1 so far, retail portion booked 17%

On October 15, the retail portion was booked 17% as of 12:20 pm with retail investors placing bids for 84 lakh shares as against 4.94 crore shares on offer. Meanwhile, the non-institutional investors ...

Posted on 15/10/2024

Prosecution seeks up to 66 months’ jail for man linked to loan ruse that duped 2 banks of over $1.2m

On Oct 15, Deputy Public Prosecutor Cheah Wenjie urged the court to sentence Lee to up to five years and six months’ jail, stressing that the offender had made no restitution. DPP Cheah also told ...

Posted on 15/10/2024

OCBC Kicks Off Five-Year Regional Partnership With Disney

OCBC has partnered up with Disney in a strategic five-year collaboration across three of its five core markets in Southeast Asia.

Posted on 15/10/2024

Hyundai IPO: How are investors responding to India’s biggest-ever issue?

Hyundai Motor India's ₹27,870-crore initial public offering (IPO) witnessed a steady response on first day of subscription. Within two hours, the offer's 10% got subscribed- the retail portion was ...

Posted on 15/10/2024

Prosecution calls for up to 66 months’ jail for man linked to loan ruse; 2 banks duped of over $1.2m

SINGAPORE - By using false statements, a man worked with a female accomplice to dupe two banks into disbursing loans totalling $1,218,000 starting in 2014. According to court documents, Standard ...

Posted on 15/10/2024

OCBC, Disney to begin five-year collaboration in Singapore, Malaysia, Indonesia

OCBC and Disney have announced a five-year strategic collaboration across three of the Singapore bank’s five core markets – Singapore, Malaysia and Indonesia. Read more at The Business Times.

Posted on 15/10/2024

Singapore seeks to jail former oil tycoon OK Lim for 20 years for cheating HSBC

SINGAPORE: Singapore’s former oil tycoon Lim Oon Kuin will be sentenced on November 18 for cheating and forgery in a trading scandal that will go into the history books as one of the biggest in the ...

Posted on 15/10/2024

Singapore stocks rose on Tuesday—STI climbed 0.6%

SINGAPORE: Singapore stocks rose on Tuesday, Oct 15, following gains in overseas markets the night before. The Straits Times Index (STI) climbed 0.6%, gaining 22.58 points to reach 3,618.49 by 9:01 am ...

Posted on 15/10/2024

AGC seeks 20 years for OK Lim’s jail term, defence asks for 7 years

LIM Oon Kuin, founder of liquidated oil trader Hin Leong Trading, could be staring at a jail term of 20 years for his three cheating and forgery charges, if prosecution succeeds in persuading the ...

Posted on 15/10/2024

Prosecutors seek 20 years’ jail for Hin Leong oil tycoon OK Lim, 82

Lim Oon Kuin, once lauded as a successful businessman in Singapore's oil trading industry, was plunged into legal troubles after the sudden collapse of Hin Leong Trading in 2020 amid fraud allegations ...

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