Corporate Updates - Singapore Exchange (SGX) - Insights

Date	Company	Event Details	Sector	Event Summary
30 Jun, 2026	Singapore Telecommunications (Singtel)	Singapore Telecommunications Limited is evaluating the establishment of a real estate investment trust (REIT) or other permanent capital vehicle to fund long-term expansion of its data centre and sovereign AI businesses, alongside capital partnerships, private funding, project debt and asset recycling. Capital expenditure is expected to increase to approximately S$3.0 billion in FY2027 from S$2.5 billion in FY2026, including S$1.2 billion of growth capital primarily for Nxera and RE:AI, while the planned acquisition of STT GDC with KKR would expand its combined data centre design capacity to approximately 2.8GW upon completion.	Telecom Services	Proposed Listing
29 Jun, 2026	AirTrunk	AirTrunk, a Blackstone Inc-backed data centre operator, is preparing to file confidentially for a Singapore initial public offering of a real estate investment trust that could raise about US$1.5 billion (RM6.1 billion), potentially making it the largest Singapore listing since 2017. The proposed REIT listing, which may be submitted to the Monetary Authority of Singapore and the local exchange as soon as this week, would monetise AirTrunk’s data centre assets across multiple Asia-Pacific markets following its acquisition by Blackstone and Canada Pension Plan Investment Board for A$24 billion.	Digital Services	Proposed Listing
26 Jun, 2026	Metech International	Metech International Limited entered into separate subscription agreements with Ma Ong Kee and Raffles Capital to issue a total of 100 million new shares at S$0.04 per share, raising gross proceeds of S$4 million, with each subscriber acquiring 50 million shares and a 13.75% stake upon completion. The placement, priced at a 2.56% premium to the June 26 volume-weighted average price, is expected to generate net proceeds of approximately S$3.98 million for general working capital purposes.	Environmental Services & Equipment	Fund Raising
26 Jun, 2026	Aoxin Q&M Dental Group	Aoxin Q&M Dental Group Limited submitted an application on Jun. 26, 2026 to transfer its listing from the Catalist board to the Mainboard of the Singapore Exchange. The application follows consolidated profit before tax of approximately RMB8.4 million for FY2025, with underlying profit before tax of RMB2.7 million, RMB7.7 million and RMB8.4 million for FY2023–FY2025 after excluding certain non-recurring losses from its 49%-owned associate, Acumen Diagnostics, and is intended to broaden access to capital and a larger investor base.	Medical Care Facilities	Proposed Listing
25 Jun, 2026	OUE REIT	OUE REIT is proposing to divest Crowne Plaza Changi Airport for S$500 million to a joint venture between its sponsor, OUE Limited and Tokyo Century Corporation, at a price representing a 1.3% premium to the average of two independent valuations. The transaction is expected to generate net proceeds of approximately S$498.5 million, with S$20 million earmarked for special distributions over two years, while reducing aggregate leverage to 36.6% from 41.5% and increasing FY2025 pro forma distribution per unit by 5.8%, subject to unitholder approval in 3Q2026 and completion in 4Q2026.	REIT - Office	Disposal
25 Jun, 2026	Frasers Property	Frasers Property Ltd is divesting a 63% stake in five hospitality assets, including hotels in Singapore and Japan, to an investment firm owned by the five children of Thailand’s Charoen Sirivadhanabhakdi, in a transaction valued at S$1.1 billion (US$848 million/RM3.5 billion). The disposal forms part of a broader S$2.1 billion portfolio optimisation linked to the former Frasers Hospitality Trust assets, with completion targeted by end-September 2026 subject to minority shareholder approval.	Real Estate	Disposal
25 Jun, 2026	Serial Achieva	Serial Achieva Ltd’s indirect wholly-owned subsidiary Achieva Cloud Services Sdn Bhd has entered into a co-location services agreement with a regional cloud services provider to supply data centre capacity and related facilities in Malaysia, with an estimated contract value of RM17.8 million over an initial three-year term commencing in October 2026	Computer Hardware	Business Venture
25 Jun, 2026	IREIT Global	IREIT Global has agreed to an early termination of its Allianz lease at Concor Park, revising the original expiry from 31 May 2029 to 31 December 2027, with Allianz continuing to pay rent and service charges until the revised termination date and paying a €2.87 million lump-sum compensation covering remaining contractual obligations from 1 January 2028 to 31 May 2029. The termination payment, equivalent to about 5.7% of FY2025 gross revenue, is expected to be received by end-December 2026 and is not subject to refund even if replacement tenants are secured before lease expiry.	REIT - Office	Operation Updates
23 Jun, 2026	Singapore Telecommunications (Singtel)	Singtel Global Investment plans to sell up to 24.96 billion baht (US$979.6 million) of Gulf Development shares via a block trade of 416 million shares at 58.80–60.00 baht each, representing a 2%–4% discount to the June 22 close of 61.25 baht. The disposal is expected to generate up to US$979.6 million in proceeds for digital infrastructure investments, shareholder returns and funding of a US$740 million STT GDC commitment, while retaining about a 5% stake, with asset recycling potentially reaching US$7.5 billion toward a US$9 billion target.	Telecom Services	Disposal
22 Jun, 2026	Singapore Airlines Ltd	Singapore Airlines Limited plans to issue its debut five-year offshore yuan (CNH) benchmark bond under its S$10 billion medium-term note programme, with Bank of China, DBS, HSBC and Standard Chartered appointed as arrangers. The benchmark-sized issuance, typically at least RMB1 billion, will fund aircraft purchases, related payments, general corporate and working capital needs, and refinancing of existing borrowings, with pricing, coupon and final size to be determined at execution over a two-day issuance window.	Airlines	Fund Raising

30 Jun, 2026

Singapore Telecommunications (Singtel)

Singapore Telecommunications Limited is evaluating the establishment of a real estate investment trust (REIT) or other permanent capital vehicle to fund long-term expansion of its data centre and sovereign AI businesses, alongside capital partnerships, private funding, project debt and asset recycling. Capital expenditure is expected to increase to approximately S$3.0 billion in FY2027 from S$2.5 billion in FY2026, including S$1.2 billion of growth capital primarily for Nxera and RE:AI, while the planned acquisition of STT GDC with KKR would expand its combined data centre design capacity to approximately 2.8GW upon completion.

Telecom Services

Proposed Listing

29 Jun, 2026

AirTrunk

AirTrunk, a Blackstone Inc-backed data centre operator, is preparing to file confidentially for a Singapore initial public offering of a real estate investment trust that could raise about US$1.5 billion (RM6.1 billion), potentially making it the largest Singapore listing since 2017. The proposed REIT listing, which may be submitted to the Monetary Authority of Singapore and the local exchange as soon as this week, would monetise AirTrunk’s data centre assets across multiple Asia-Pacific markets following its acquisition by Blackstone and Canada Pension Plan Investment Board for A$24 billion.

Digital Services

Proposed Listing

26 Jun, 2026

Metech International

Metech International Limited entered into separate subscription agreements with Ma Ong Kee and Raffles Capital to issue a total of 100 million new shares at S$0.04 per share, raising gross proceeds of S$4 million, with each subscriber acquiring 50 million shares and a 13.75% stake upon completion. The placement, priced at a 2.56% premium to the June 26 volume-weighted average price, is expected to generate net proceeds of approximately S$3.98 million for general working capital purposes.

Environmental Services & Equipment

Fund Raising

26 Jun, 2026

Aoxin Q&M Dental Group

Aoxin Q&M Dental Group Limited submitted an application on Jun. 26, 2026 to transfer its listing from the Catalist board to the Mainboard of the Singapore Exchange. The application follows consolidated profit before tax of approximately RMB8.4 million for FY2025, with underlying profit before tax of RMB2.7 million, RMB7.7 million and RMB8.4 million for FY2023–FY2025 after excluding certain non-recurring losses from its 49%-owned associate, Acumen Diagnostics, and is intended to broaden access to capital and a larger investor base.

Medical Care Facilities

Proposed Listing

25 Jun, 2026

OUE REIT

OUE REIT is proposing to divest Crowne Plaza Changi Airport for S$500 million to a joint venture between its sponsor, OUE Limited and Tokyo Century Corporation, at a price representing a 1.3% premium to the average of two independent valuations. The transaction is expected to generate net proceeds of approximately S$498.5 million, with S$20 million earmarked for special distributions over two years, while reducing aggregate leverage to 36.6% from 41.5% and increasing FY2025 pro forma distribution per unit by 5.8%, subject to unitholder approval in 3Q2026 and completion in 4Q2026.

REIT - Office

Disposal

25 Jun, 2026

Frasers Property

Frasers Property Ltd is divesting a 63% stake in five hospitality assets, including hotels in Singapore and Japan, to an investment firm owned by the five children of Thailand’s Charoen Sirivadhanabhakdi, in a transaction valued at S$1.1 billion (US$848 million/RM3.5 billion). The disposal forms part of a broader S$2.1 billion portfolio optimisation linked to the former Frasers Hospitality Trust assets, with completion targeted by end-September 2026 subject to minority shareholder approval.

Real Estate

Disposal

25 Jun, 2026

Serial Achieva

Serial Achieva Ltd’s indirect wholly-owned subsidiary Achieva Cloud Services Sdn Bhd has entered into a co-location services agreement with a regional cloud services provider to supply data centre capacity and related facilities in Malaysia, with an estimated contract value of RM17.8 million over an initial three-year term commencing in October 2026

Computer Hardware

Business Venture

25 Jun, 2026

IREIT Global

IREIT Global has agreed to an early termination of its Allianz lease at Concor Park, revising the original expiry from 31 May 2029 to 31 December 2027, with Allianz continuing to pay rent and service charges until the revised termination date and paying a €2.87 million lump-sum compensation covering remaining contractual obligations from 1 January 2028 to 31 May 2029. The termination payment, equivalent to about 5.7% of FY2025 gross revenue, is expected to be received by end-December 2026 and is not subject to refund even if replacement tenants are secured before lease expiry.

REIT - Office

Operation Updates

23 Jun, 2026

Singapore Telecommunications (Singtel)

Singtel Global Investment plans to sell up to 24.96 billion baht (US$979.6 million) of Gulf Development shares via a block trade of 416 million shares at 58.80–60.00 baht each, representing a 2%–4% discount to the June 22 close of 61.25 baht. The disposal is expected to generate up to US$979.6 million in proceeds for digital infrastructure investments, shareholder returns and funding of a US$740 million STT GDC commitment, while retaining about a 5% stake, with asset recycling potentially reaching US$7.5 billion toward a US$9 billion target.

Telecom Services

Disposal

22 Jun, 2026

Singapore Airlines Ltd

Singapore Airlines Limited plans to issue its debut five-year offshore yuan (CNH) benchmark bond under its S$10 billion medium-term note programme, with Bank of China, DBS, HSBC and Standard Chartered appointed as arrangers. The benchmark-sized issuance, typically at least RMB1 billion, will fund aircraft purchases, related payments, general corporate and working capital needs, and refinancing of existing borrowings, with pricing, coupon and final size to be determined at execution over a two-day issuance window.

Airlines

Fund Raising