Corporate Updates - Singapore Exchange (SGX) - Insights

Date	Company	Event Details	Sector	Event Summary
12 Feb, 2026	iX Biopharma	iX Biopharma secured a US$40.95 million development contract from the US Department of Defense under a sole-source procurement process to fund the development of Wafermine®, its patented sublingual ketamine wafer for acute moderate to severe pain. The contract is structured on a cost-reimbursable basis, requiring the company to incur upfront project costs including clinical trials before reimbursement. To support delivery of the contract, iX Biopharma plans to raise $6 million through a share placement at 19.8 cents per share	Pharmaceuticals	Contract Awarded
11 Feb, 2026	Soilbuild Construction Group	Soilbuild Construction Group secured $158 million in new contracts, lifting its total order book to $1.07 billion. The wins include a factory project at Seletar West slated for completion by 1Q 2029, as well as precast supply contracts for an HDB project in Redhill and a dormitory in Tuas.	Construction & Engineering	Contract Awarded
10 Feb, 2026	Centurion Accommodation REIT	Centurion Accommodation REIT received provisional approval to add a 6-storey block and modify the existing 8-storey block at Westlite Ubi, increasing total capacity by 540 beds to 2,190. The project, funded through committed debt facilities, requires a land premium of about $13.9 million to JTC Corporation, is expected to begin in the second quarter of 2026, and take 1.5 years to complete, while the existing 1,650-bed block remains operational.	REIT - Specialty	Expansion Plan
10 Feb, 2026	Metro Holdings	Metro Holdings, through its wholly-owned subsidiary Metrobilt Construction, has agreed to divest its 26% interest in the Boustead Industrial Fund to Perpetual Limited ahead of the proposed listing of UI Boustead REIT. The fund holds 15 industrial, business park, high-spec industrial, and logistics properties across Singapore with a net lettable area of about 2.2 million square feet and an aggregate property value of around $765.7 million, which will be transferred to UI Boustead REIT. Metrobilt Construction currently also holds 7% of the notes issued by Perpetual Limited as trustee of BIF, with 26% of these notes to be fully redeemed upon completion. The net proceeds from the sale, including unit distribution and note redemption after fees, are expected to be approximately $116.0 million. The divestment is not expected to materially affect Metro Holdings’ consolidated net tangible assets per share or earnings per share for FY2026.	Department Stores	Disposal
10 Feb, 2026	Seatrium	Seatrium’s subsidiary Jurong Shipyard Pte Ltd has commenced London-seated arbitration under UNCITRAL rules against Petrobras Netherlands B.V. to recover US$55.7 million in withheld payments under the P-54 FPSO conversion contract, originally signed in June 2004 and amended in 2006 and 2007. Petrobras is claiming US$79.6 million from JSPL, representing alleged overpayment under the contract. The arbitration follows the November 2023 final decision by the Brazilian Federal Court of Accounts, after which Seatrium considers the grounds for withholding the US$55.7 million no longer applicable. The P-54 contract and arbitration are governed by English law.	Oil & Gas Equipment & Services	Others
9 Feb, 2026	DBS Group Holdings	DBS Group Holdings has increased its stake in Shenzhen Rural Commercial Bank to 19.9% from 19.4% through the acquisition of 52.2 million shares for RMB310 million (about US$58 million), equivalent to RMB5.94 per share or 1.05 times the Chinese bank’s book value as at June 30, 2025, with the purchase fully funded by internal cash. The move continues DBS’s multi-year strategy to deepen its presence in large emerging markets, following its initial 13% stake acquisition for US$1.1 billion in October 2021 and subsequent increases to 16.69% in January 2024 and 19.4% in November 2025, while DBS shares closed 1.87% lower at S$58.19 on Feb 9.	Banks - Regional	Merger & Acquisition
9 Feb, 2026	Nanyang New Development	Nanyang New Development has announced plans to diversify into gold bullion brokering and jewellery retail through a proposed US$1 million investment in Gold Bar Pte Ltd, a registered precious metals dealer incorporated in 2023. The company will take a 55% stake, with the remainder held by existing owner Tony Soh and other investors, and will commit the capital in stages starting with US$190,000. The move aligns with Nanyang’s strategy to pursue short-term investments in high-growth opportunities and marks its entry into commodities trading. Formerly known as Matex International, the group has been repositioning its business model following recent corporate changes, including a planned issuance of US$4.16 million in convertible notes that could significantly reshape its shareholder base if fully converted.	Specialty Chemicals	Business Venture
9 Feb, 2026	Oceanus Group	Oceanus Group has entered into an exploratory partnership with Clearwater Capital to digitise and potentially tokenise selected cash-flow-backed trade flows on its AI-powered, blockchain-enabled ODIN platform. The initiative targets Oceanus’ underlying trade and supply chain activities, which currently generate about US$200 million in annual short-tenor, self-liquidating trade flows and are expected to rise to roughly US$300 million in 2026. Strategically, the collaboration aims to make these trade flows “institution-ready” by enhancing transparency, auditability and reporting discipline, while improving capital and operating efficiency without changing ownership or control of Oceanus’ operating businesses. Backed by MAS-regulated Clearwater Capital, the discussions remain at an early evaluation stage, with no definitive agreements, token issuance or capital raising announced.	Food Distribution	Business Venture
9 Feb, 2026	GDS Global	GDS Global has signed a two-year exclusive distributorship agreement with New Zealand-based ARA Manufacture Metalbilt to distribute GDS’s Gliderol commercial and industrial door products in New Zealand. ARA Metalbilt is a long-established local player with over 70 years of design and manufacturing expertise, giving GDS immediate access to on-the-ground market knowledge and an established distribution network. Strategically, the partnership supports GDS’s regional expansion following its Dec 2025 share placement, which raised S$4.08 million. Proceeds are earmarked for larger projects, export sales expansion and potential acquisitions. Management positions the deal as an execution-focused step to extend GDS’s geographical footprint, while ARA highlighted rising demand for insulated fire shutters and custom-engineered door systems. Shares in GDS closed unchanged at 6.2 cents on Feb 9.	Building Products & Equipment	Operation Update
5 Feb, 2026	Singapore Telecommunications (Singtel)	Singapore Telecommunications plans to establish a sales office in Brazil by the third quarter of 2026 to support multinational corporations in digital transformation and strengthen enterprise connectivity between Latin America and ASEAN, where Brazil is the fifth-largest export destination with bilateral trade exceeding US$37 billion. The office will work with local telecommunications operators for network infrastructure while Singtel provides software-defined networking, orchestration and service layers, supporting services such as SD-WAN, secure access service edge solutions and the CUBΣ network-as-a-service platform. The move targets Brazil’s fast-growing digital market, where digital transformation spending is projected to exceed US$50 billion by 2030 and the enterprise telecommunications sector is growing at a 7.2% compound annual rate.	Telecom Services	Expansion Plan

12 Feb, 2026

iX Biopharma

iX Biopharma secured a US$40.95 million development contract from the US Department of Defense under a sole-source procurement process to fund the development of Wafermine®, its patented sublingual ketamine wafer for acute moderate to severe pain. The contract is structured on a cost-reimbursable basis, requiring the company to incur upfront project costs including clinical trials before reimbursement. To support delivery of the contract, iX Biopharma plans to raise $6 million through a share placement at 19.8 cents per share

Pharmaceuticals

Contract Awarded

11 Feb, 2026

Soilbuild Construction Group

Soilbuild Construction Group secured $158 million in new contracts, lifting its total order book to $1.07 billion. The wins include a factory project at Seletar West slated for completion by 1Q 2029, as well as precast supply contracts for an HDB project in Redhill and a dormitory in Tuas.

Construction & Engineering

Contract Awarded

10 Feb, 2026

Centurion Accommodation REIT

Centurion Accommodation REIT received provisional approval to add a 6-storey block and modify the existing 8-storey block at Westlite Ubi, increasing total capacity by 540 beds to 2,190. The project, funded through committed debt facilities, requires a land premium of about $13.9 million to JTC Corporation, is expected to begin in the second quarter of 2026, and take 1.5 years to complete, while the existing 1,650-bed block remains operational.

REIT - Specialty

Expansion Plan

10 Feb, 2026

Metro Holdings

Metro Holdings, through its wholly-owned subsidiary Metrobilt Construction, has agreed to divest its 26% interest in the Boustead Industrial Fund to Perpetual Limited ahead of the proposed listing of UI Boustead REIT. The fund holds 15 industrial, business park, high-spec industrial, and logistics properties across Singapore with a net lettable area of about 2.2 million square feet and an aggregate property value of around $765.7 million, which will be transferred to UI Boustead REIT. Metrobilt Construction currently also holds 7% of the notes issued by Perpetual Limited as trustee of BIF, with 26% of these notes to be fully redeemed upon completion. The net proceeds from the sale, including unit distribution and note redemption after fees, are expected to be approximately $116.0 million. The divestment is not expected to materially affect Metro Holdings’ consolidated net tangible assets per share or earnings per share for FY2026.

Department Stores

Disposal

10 Feb, 2026

Seatrium

Seatrium’s subsidiary Jurong Shipyard Pte Ltd has commenced London-seated arbitration under UNCITRAL rules against Petrobras Netherlands B.V. to recover US$55.7 million in withheld payments under the P-54 FPSO conversion contract, originally signed in June 2004 and amended in 2006 and 2007. Petrobras is claiming US$79.6 million from JSPL, representing alleged overpayment under the contract. The arbitration follows the November 2023 final decision by the Brazilian Federal Court of Accounts, after which Seatrium considers the grounds for withholding the US$55.7 million no longer applicable. The P-54 contract and arbitration are governed by English law.

Oil & Gas Equipment & Services

Others

9 Feb, 2026

DBS Group Holdings

DBS Group Holdings has increased its stake in Shenzhen Rural Commercial Bank to 19.9% from 19.4% through the acquisition of 52.2 million shares for RMB310 million (about US$58 million), equivalent to RMB5.94 per share or 1.05 times the Chinese bank’s book value as at June 30, 2025, with the purchase fully funded by internal cash. The move continues DBS’s multi-year strategy to deepen its presence in large emerging markets, following its initial 13% stake acquisition for US$1.1 billion in October 2021 and subsequent increases to 16.69% in January 2024 and 19.4% in November 2025, while DBS shares closed 1.87% lower at S$58.19 on Feb 9.

Banks - Regional

Merger & Acquisition

9 Feb, 2026

Nanyang New Development

Nanyang New Development has announced plans to diversify into gold bullion brokering and jewellery retail through a proposed US$1 million investment in Gold Bar Pte Ltd, a registered precious metals dealer incorporated in 2023. The company will take a 55% stake, with the remainder held by existing owner Tony Soh and other investors, and will commit the capital in stages starting with US$190,000. The move aligns with Nanyang’s strategy to pursue short-term investments in high-growth opportunities and marks its entry into commodities trading. Formerly known as Matex International, the group has been repositioning its business model following recent corporate changes, including a planned issuance of US$4.16 million in convertible notes that could significantly reshape its shareholder base if fully converted.

Specialty Chemicals

Business Venture

9 Feb, 2026

Oceanus Group

Oceanus Group has entered into an exploratory partnership with Clearwater Capital to digitise and potentially tokenise selected cash-flow-backed trade flows on its AI-powered, blockchain-enabled ODIN platform. The initiative targets Oceanus’ underlying trade and supply chain activities, which currently generate about US$200 million in annual short-tenor, self-liquidating trade flows and are expected to rise to roughly US$300 million in 2026. Strategically, the collaboration aims to make these trade flows “institution-ready” by enhancing transparency, auditability and reporting discipline, while improving capital and operating efficiency without changing ownership or control of Oceanus’ operating businesses. Backed by MAS-regulated Clearwater Capital, the discussions remain at an early evaluation stage, with no definitive agreements, token issuance or capital raising announced.

Food Distribution

Business Venture

9 Feb, 2026

GDS Global

GDS Global has signed a two-year exclusive distributorship agreement with New Zealand-based ARA Manufacture Metalbilt to distribute GDS’s Gliderol commercial and industrial door products in New Zealand. ARA Metalbilt is a long-established local player with over 70 years of design and manufacturing expertise, giving GDS immediate access to on-the-ground market knowledge and an established distribution network. Strategically, the partnership supports GDS’s regional expansion following its Dec 2025 share placement, which raised S$4.08 million. Proceeds are earmarked for larger projects, export sales expansion and potential acquisitions. Management positions the deal as an execution-focused step to extend GDS’s geographical footprint, while ARA highlighted rising demand for insulated fire shutters and custom-engineered door systems. Shares in GDS closed unchanged at 6.2 cents on Feb 9.

Building Products & Equipment

Operation Update

5 Feb, 2026

Singapore Telecommunications (Singtel)

Singapore Telecommunications plans to establish a sales office in Brazil by the third quarter of 2026 to support multinational corporations in digital transformation and strengthen enterprise connectivity between Latin America and ASEAN, where Brazil is the fifth-largest export destination with bilateral trade exceeding US$37 billion. The office will work with local telecommunications operators for network infrastructure while Singtel provides software-defined networking, orchestration and service layers, supporting services such as SD-WAN, secure access service edge solutions and the CUBΣ network-as-a-service platform. The move targets Brazil’s fast-growing digital market, where digital transformation spending is projected to exceed US$50 billion by 2030 and the enterprise telecommunications sector is growing at a 7.2% compound annual rate.

Telecom Services

Expansion Plan