This is lower than the 98.87% shareholding required to trigger a compulsory acquisition of shares. Read more at straitstimes.com.
IN FOCUS: Singapore’s stock market at ‘rock bottom’. What will it take to shake things up?
For years, the Singapore stock market has been reeling from a "vicious cycle" of poor valuations, evaporating liquidity and a lack of new listings. What will it take to give the moribund market a shot ...
GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months
The GEH offer has closed and shares are to be suspended, but OCBC will continue to accept offers for a further three months.
IPO-Ready Shein Enjoys More Traffic Than Fast-Fashion Rivals, Data Shows: Are Temu, Poshmark In The Dust?
Shein is positioned for a successful London IPO, but is marred by regulatory challenges in the U.S. and forced labor allegations.
JPMorgan, Standard Chartered-Backed Blockchain Fintech Partior Secures $60M In Venture Capital
Partior intends to use the new capital to enhance its ledger-based interbank rails for real-time clearing and settlement.
Partior, blockchain payment network backed by JPMorgan and Standard Charter, raises $60M
Partior, a cross-border payment network backed by big banks JPMorgan Chase & Co., Standard Chartered Plc. and DBS Bank Ltd., today announced it has raised $60 million in a Series B funding round.
SME performance up in Q2 2024, but OCBC predicts flat year
SINGAPORE: Small and medium enterprises (SMEs) in Singapore have shown signs of recovery in the... The post SME performance up in Q2 2024, but OCBC predicts flat year appeared first on The Independent ...
The Best Investment Alternatives For T-bills in Singapore 2024
You may recall 2023 as the record high yields for T-bills - reaching an all-time high of 4.0%. Although the yields have slowed down, it’s still an attractive option for short-term investments. Those ...
Blockchain payment network Partior raises $60 million in Series B funding
Partior, a blockchain payment network backed by JPMorgan, DBS, and Standard Chartered , has secured $60 million in a Series B funding round.
Trading of Great Eastern shares to be suspended after OCBC closes takeover offer
OCBC owns over 90 per cent of Great Eastern. Under SGX rules, listed companies must maintain a free float – shares held by the public – of at least 10 per cent. If this threshold is not met, SGX may ...
GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further 3 months
On June 25, OCBC’s ownership crossed 90%. As a result, GEH shares will be suspended on Monday July 15. Accordingly, the offer is no longer open for acceptance and any acceptances received after 5.30 p ...
OCBC garners 93.52% of Great Eastern’s shares at offer close, falls short of compulsory acquisition threshold
SINGAPORE - OCBC and its concert parties have garnered 93.52 per cent of shares in Great Eastern as at the close of the offer on July 12. This is lower than the 98.87 per cent shareholding required to ...
Singapore securities trading value highest in months as STI rallies 0.7%
Inflight caterer and ground handler Sats jumps 5.5% or $0.17 to $3.29, a 52-week high Read more at straitstimes.com.
More firms seeking secondary listings on SGX, but IPO deals falter
SINGAPORE - More companies are seeking secondary listings on the Singapore Exchange (SGX) as part of their expansion plans into the region. But while foreign firms are eyeing a secondary listing here, ...
OCBC, UOB see surge in gold investments as glint catches eye of younger investors
Younger retail investors in Singapore are turning to gold as an affordable investment in times of uncertainty, market players said. In particular, the younger crowd are also looking at digital gold ...
UOB, Prudential unveil investment-linked life insurance policy
Singapore-based United Overseas Bank (UOB) is strengthening its regional partnership with multinational insurer Prudential by launching Thailand ...