Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2024-12-05
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 4 Dec, 2024 | OKH Global | Acquire the entire issued and paid-up share capital of Chip Eng Seng Construction for SGD 118 million. Chip Eng Seng Construction is part of Chip Eng Seng Corp, which has been renamed Acrophyte after it was privatised. Gordon and Celine Tang are controlling shareholders of both OKH and Acrophyte. OKH Global plans to pay for the acquisition of Chip Eng Seng Construction by issuing new shares at 5.252 cents each. Upon completion, Acrophyte will hold a more than 50% stake of OKH Global. | Merger & Acquisition |
| 4 Dec, 2024 | Hong Fok Corporation | Acquire several units (#01-02 to #01-06)at International Building, 360 Orchard Road for a total of $27.8 mil. | Merger & Acquisition |
| 4 Dec, 2024 | Exxon Mobil Corp | Exxon Mobil Corp is considering a sale of its gas stations in Singapore, which could raise about US$1 billion. | Disposal |
| 4 Dec, 2024 | Meta Health | Entered into a non-binding term sheet with Davin Ng for the potential acquisition of an aggregate of 30% interest in Aios Bio Sciences. ios Bio Sciences specialises in the manufacturing and distribution of medical and surgical consumables and devices such as test kits, biochips and diagnostics machines. | Merger & Acquisition |
| 3 Dec, 2024 | Sembcorp Industries | Signed a long-term renewable energy power purchase agreement (PPA) with leading data centre operator Equinix. Under terms of this deal, Sembcorp will for 15 years supply up to 58.5MWp from its renewable energy portfolio in Singapore, starting in 2029. | Operation Updates |
| 3 Dec, 2024 | Yangzijiang Shipbuilding | Secured shipbuilding contracts for 21 vessels, with a total contract value of US$2.63 billion. | Contract Awarded |
| 3 Dec, 2024 | ValueMax | Launched the seventh series of its three-month commercial paper (CP) on the SDAX Exchange. Both digital securities on the SDAX Exchange and ADDX Exchange are priced at 4.5% per annum and are set to mature three months from the date of issuance. | Cash Call |
| 3 Dec, 2024 | Heeton Holdings | Entered into a shareholders’ agreement with Astra Horizon Ventures and NineCo Investments in relation to a proposed joint venture. The JV will acquire the entire equity interest of a target company, which owns an aparthotel. The aparthotel comprises 82 keys and is located in Edinburgh, UK. | Merger & Acquisition |
| 2 Dec, 2024 | Singapore Post | Plans to sell Freight Management Holdings (FMH), one of its Australia-based units to Pacific Equity Partners will be at an enterprise value of A$1.02 billion, or some $897.6 million. SingPost will receive actual cash proceeds of A$775.9 million, or $682.8 million, and will recognise a gain on disposal of some $312.1 million. | Disposal |
| 2 Dec, 2024 | Kingsmen Creatives | 24.46%-owned associate, Kingsmen Korea Limited, acquired the remaining 10% shares in Kingsmen E&E Limited for SGD 395,000 | Merger & Acquisition |
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