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Tag: finance

Posted on 26/06/2024

Shein’s CEO and massive IPO are both incredibly secretive—and it’s because of the backlash for allegedly using forced labor to make its dirt-cheap clothing

Shein, the Chinese-linked $64 billion fast-fashion giant monopolizing teens’ wallets, filed for a long-awaited IPO listing on London’s Stock Exchange earlier this month. And, in typical Shein fashion, ...

Posted on 26/06/2024

Australian Stocks: The Buzz Around Guzman y Gomez After a Stellar IPO

Among the trending Australian stocks, Guzman y Gomez Ltd. (AU:GYG) made its debut on the ASX with a stellar IPO on June 20, gaining more than 35% ...

Posted on 25/06/2024

Allied Blenders IPO: Rs 449 Cr Raised from Anchor Investors

Allied Blenders and Distillers, maker of Officer's Choice Whisky, has raised Rs 449 crore from anchor investors ahead of its IPO. The IPO will open for subscription on June 25th.

Posted on 25/06/2024

Singapore stocks track regional gains on Tuesday; STI up 0.4%

SINGAPORE - Singapore stocks ended higher on June 25 ... The local banking trio ended higher on Tuesday. DBS gained 0.3 per cent or 11 cents to $35.65, OCBC rose 0.7 per cent or 10 cents to $14.41, ...

Posted on 25/06/2024

18 months jail for HR associate director who treated company as her ‘personal piggy bank’ taking S$196K through false claims

The judge in Tan’s case said that she treated the funds of D’Perception Singapore as her “personal piggy bank,” according to a report in TODAY Online. Tan was hired as the company’s human resource ...

Posted on 25/06/2024

City Developments takes out $400 million sustainability-linked loan from DBS

The loan marks the first of its kind with criteria guided by targets set by the company. Read more at straitstimes.com.

Posted on 25/06/2024

City Developments takes out S$400 million sustainability-linked loan from DBS

CITY Developments (CDL) has secured a S$400 million sustainability-linked loan from DBS to advance nature conservation and sustainable development in Singapore. Read more at The Business Times.

Posted on 25/06/2024

CDL secures $400 mil sustainability-linked loan from DBS with TNFD-aligned targets, a first of its kind

The SLL incorporates specific performance targets related to biodiversity conservation, waste management and water efficiency.

Posted on 25/06/2024

Singapore stocks dip on Tuesday—STI dropped by 0.1%

SINGAPORE: Singapore stocks dipped on Tuesday, June 25, reflecting the mixed performance in the United... The post Singapore stocks dip on Tuesday—STI dropped by 0.1% appeared first on The Independent ...

Posted on 25/06/2024

IPO screener: Allied Blenders issue opens today at ₹267-281 price band

Allied Blenders IPO offers equity shares through Book Building Process, with a price band of ₹267-281. IPO opens on June 27.

Posted on 25/06/2024

Singapore pips Hong Kong as world’s most expensive city to live ‘extremely well’

Singapore retained the title, with London and Shanghai in third and fourth place, respectively. Monaco rounded out the top five. Shanghai dropped one spot from last year while London climbed one place ...

Posted on 25/06/2024

OCBC garners over 90% of Great Eastern’s shares; trading in insurer to be suspended after offer closes

OCBC and concert parties have garnered 90.16 per cent of the ... the insurer’s embedded value per share of S$36.59 as at Dec 31, 2023. Frontline regulator Singapore Exchange Regulation requires ...

Posted on 25/06/2024

4 Singapore Blue-Chip Stocks Delivering Dividend Yields of 5.6% or More

United Overseas Bank Ltd, or UOB, is Singapore’s third-largest bank. For 2023, the lender also reported a strong set of earnings as high interest rates lifted its NII. NII rose 16% year on year to S$9 ...

Posted on 25/06/2024

Great Eastern shareholders who hold out on OCBC offer could face long wait for next exit

Takeover could be in limbo if acceptances are not enough to trigger exit offer. Read more at straitstimes.com.

Posted on 25/06/2024

Foxconn to invest $383 mln in Vietnam circuit board plant, says state media

Foxconn Singapore has been awarded a licence to invest $383 million in a factory to produce printed circuit boards in Vietnam, state media reported on Monday.

Posted on 25/06/2024

OCBC garners over 90% of Great Eastern’s shares; trading in insurer to suspend at close of offer

OCBC and concert parties have garnered 90.16 per cent of the shares in Great Eastern, the bank announced on Monday (Jun 24). However, no delisting is in sight as the lender’s offer for its insurance ...

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