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Tag: finance

Posted on 25/06/2024

SIAS cites ‘dilemma’ for minority shareholders amidst OCBC’s GE offer

"In the recent cases of voluntary unconditional general offer, SIAS observed that the offers created dilemma to Minority Shareholders where they are not given a choice to make a decision due to terms ...

Posted on 24/06/2024

Foxconn to invest $518 million in Vietnam circuit board plant: Report

The plant in the northern province of Bac Ninh will produce 2.79 million products a year. Read more at straitstimes.com.

Posted on 24/06/2024

Online Retailer Shein Files for Confidential IPO in London, Report Says

Fashion retailer Shein has confidentially filed to go public in London, according to a Reuters report, after its plans to list in the U.S. were disrupted by the trade war with China.Shein submitted ...

Posted on 24/06/2024

Alibaba Rival Shein Confidentially Files London IPO Filing Amid US Regulatory Hurdles On Chinese Firms: Report

Shein, the fast fashion behemoth and rival to Alibaba‘s online fashion arm, reportedly filed for an initial public offering (IPO) in London. This move comes amid the company’s ongoing struggles with ...

Posted on 24/06/2024

Shein Has Confidentially Filed for London IPO, Reuters Reports

Online fashion retailer Shein has confidentially filed papers for a potential listing in London with Britain’s market regulator, Reuters reported, citing two sources.

Posted on 24/06/2024

U.S. IPO Weekly Recap: Flurry Of SPACs And IPOs Fill The Pipeline In Short Holiday Week

One IPO and three SPACs debuted this week. Singapore-based safety equipment provider Rectitude Holdings priced at the bottom of the range to raise $8 million at a $58 million market cap. Three IPOs ...

Posted on 24/06/2024

Singapore warns of money laundering risks in areas

As a business, financial and trade hub, Singapore is vulnerable to being misused as a conduit to launder illicit funds derived from fraud committed abroad, said the Singapore’s Money Laundering ...

Posted on 24/06/2024

K-pop boy band Highlight to perform in Singapore in September

SINGAPORE – K-pop boy band Highlight are returning to Singapore ... via Ticketmaster (go to ticketmaster.sg or call 3158-8588). Pre-sale tickets for DBS/POSB cardmembers will be available between noon ...

Posted on 24/06/2024

Singapore core inflation sticks at 3.1% in May as overall consumer prices rise faster

Last month saw a larger increase in holiday expenses and a smaller decline in airfares. Read more at straitstimes.com.

Posted on 23/06/2024

Pine Labs plans $1 billion IPO in India after shift from Singapore

Fintech firm Pine Labs is reportedly eyeing an initial public offering (IPO) of $1 billion in India. This comes as the company has received approval from a Singapore court to relocate its base to ...

Posted on 22/06/2024

Peak XV Partners-backed Pine Labs Eyeing $1 Billion IPO in India

If this plan goes ahead, Pine Labs' IPO will become the biggest by an Indian fintech firm after Paytm operator One97 Communications raised about USD 2.5 billion in 2021 ...

Posted on 22/06/2024

SIAS writes to OCBC asking for clarity on its offer for GEH

Story continues 6. If the trading is suspended due to the free float requirement not being met, will this issue become a permanent distraction to OCBC as management strives to execute the "One Group" ...

Posted on 22/06/2024

Banking sector poses highest money laundering risks in Singapore

Non-banking sectors like corporate service providers, real estate, casinos, and precious stones also pose high ML risks in the country.

Posted on 22/06/2024

Pine Labs plans $1 bn IPO after relocating from Singapore to India

Fintech firm Pine Labs is reportedly eyeing an initial public offering (IPO) of $1 billion in India. This comes as the company has received approval from a Singapore court to relocate its base to ...

Posted on 21/06/2024

Shein’s London IPO plan in regulatory limbo as investors grow jittery, sources say

structure to set up its global headquarters in Singapore in 2021. Chinese start-ups commonly use VIEs to create an overseas shell company to control their operations at home through contractual ...

Posted on 21/06/2024

Experts say Shein’s U.S. IPO is all but dead

A London IPO could, in theory, be easier than a U.S. offering ... Shein was founded in China and has since moved its headquarters to Singapore. But a good chunk of the company's supply chain is still ...

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