SINGAPORE - China outlet mall operator Sasseur Real Estate Investment Trust (Reit) on Wednesday made its first appearance on the Singapore bourse - opening at S$0.805 per unit, above it's offer price. As at 10.31am on Wednesday (March 28), units in Sasseur ... ( read original story ...)
China fast tracks IPO by leading biotech firm WuXi AppTec, in race as Asia’s hub for fundraising
Its IPO follows a steady pipeline of Chinese firms ... anxious not to lose out to rival exchanges in Hong Kong, New York and Singapore. The CSRC had previously actively blocked technology start-up flotations if their ownership structures and profitability ... ( read original story ...)
Uber races towards IPO with South-east Asian deal
SINGAPORE (REUTERS) - Uber is revving up for an initial public offering by exiting another cut-throat market. On Monday, the US ride-hailing giant said it would hand its South-east Asian arm to Grab, a US$6 billion local rival, and take 27.5 per cent of ... ( read original story ...)
Chinese outlet mall operator launches IPO
In the first initial public offering (IPO) of a real estate investment trust (Reit) in Singapore this year, Sasseur Reit is offering 266.6 million units at 80 cents each. This consists of 13.8 million shares for the public, with the rest being 252.8 ... ( read original story ...)
Singapore’s Aslan Pharma lines up an $86M IPO to fund pivotal cancer drug studies
With its lead oncology drug in a pivotal study for biliary tract cancer and a slate of key catalysts coming up in other trials, Singapore-based Aslan Pharmaceuticals has filed for an IPO on Nasdaq, with plans to raise around $86 million. Helmed by Carl ... ( read original story ...)
China Outlet Mall REIT Falls Short with $302M Singapore IPO
Ping An Real Estate-backed Sasseur REIT has driven Singapore’s biggest equity offering this year by raising S$396.0 million ($301.7 million) via a public listing on the Singapore Exchange. Chinese e-commerce giant JD.com is among the REIT’s cornerstone ... ( read original story ...)
ayondo Celebrates First FinTech Company to List in Singapore
ayondo, a Global Financial Technology group, today celebrated its first day trading of its shares on the Catalist board of the Singapore Exchange Securities ... The market capitalization of ayondo at IPO is about S$130.7 million. ( read original story ...)
Sasseur REIT launches IPO for $396m
This currently the biggest IPO listing in the Singapore Exchange so far this year, Thomson Reuters data revealed. The REIT said 12 cornerstone investors committed to subscribe for approximately 46.1% of the gross proceeds. Some of the investors comprise JD ... ( read original story ...)
Sasseur REIT IPO – 5 key things you need to know before you invest
Singapore’s REIT market will soon welcome a new member ... If you’re interested, you can download and read the prospectus here (all 728 pages of it!). Sasseur REIT IPO prospectus. You only have a couple more days to consume it though, before ... ( read original story ...)
Breakingviews- Uber races towards IPO with Southeast Asian deal
SINGAPORE (Reuters Breakingviews) - Uber is revving up for an initial public offering by exiting another cut-throat market. On Monday, the U.S. ride-hailing giant said it would hand its Southeast Asian arm to Grab, a $6 billion local rival, and take 27.5 ... ( read original story ...)
Nordea Bank navigates the highly regulated markets, the do’s, don’ts in Asia
Nordea Bank’s General Managers in China and Singapore talk to ScandAsia about how they navigate the many regulatory challenges and the importance of being on top of things to serve their customers well in a diverse region. Singapore-based Mr Corrado ... ( read original story ...)
SINGAPORE FINTECH ASSOCIATION AND THE FINTECH ASSOCIATION OF JAPAN TO CULTIVATE FINTECH PARTNERSHIP
The organisation has also signed memorandums of understanding with institutions of higher learning in Singapore to support job creation at home and overseas. Here at Fintech Finance, we work with renowned executives in the industry to provide key decision ... ( read original story ...)
Singapore, Japan fintech associations to work on joint projects
According to the joint statement, the Financial Services Agency of Japan has updated its legislation to enable established banks and non-bank fintech companies to collaborate. In the same vein, the Monetary Authority of Singapore (MAS) established the ... ( read original story ...)
Singapore pharma on recovery path after worst output in decades
SINGAPORE (Reuters) - Singapore's pharmaceuticals business, among the pillars of the city-state's manufacturing sector, is set to return to strength this year as big global drugmakers ramp up output and advance automation at their production sites across ... ( read original story ...)
What Can Wall Street Teach Singapore?
The Singapore stock market is finally beginning to get some love again, due largely to impressive global growth and reflation. According to Bloomberg, the city-state’s equity funds grew by some $2 billion in 2017, the highest annual inflows for more than ... ( read original story ...)
Singapore’s Bourse Is Expanding Its Stock Research Unit
Singapore Exchange Ltd. says the answer is yes ... ASX Ltd., which runs Australia’s largest stock market, funds a program for outside analysts to research under-covered stocks on its venue. The National Stock Exchange of India Ltd. has a similar initiative. ( read original story ...)