Explanation of the corporate events: User Manual
Corporate Updates - Singapore Exchange (SGX)
2025-03-10
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on SGX listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 28 Mar, 2025 | Serial Achieva | Terminated with immediate effect a joint venture agreement signed September 2024 with A-Speed Infotech. It terminated the agreement because ASP's director Alan Wei Zhaolun was charged by authorities on Feb 27 with criminal conspiracy to commit fraud on a supplier of servers. | Termination |
| 3 Mar, 2025 | Elite UK REIT | Divested Crown Buildings, Caerphilly at Claude Road, Caerphilly, for GBP710,000 at an 18% premium. | Disposal |
| 21 Feb, 2025 | CapitaLand India Trust | Acquire a 1.13 million sq ft office project in Nagawara, Outer Ring Road, Bangalore, for $233.6 million through a forward purchase agreement with Maia Estates Offices. | Merger & Acquisition |
| 20 Feb, 2025 | Seatrium | Won a jack-up rig contract from Saudi Arabia-based International Maritime Industries. | Contract Awarded |
| 20 Feb, 2025 | Far East Hospitality Trust | FEHT is acquiring the Four Points by Sheraton Nagoya for 6 billion yen ($53.5 million) to capitalize on Japan's growing popularity as a travel destination, purchasing the 319-room hotel at a 23% discount off valuation, with an additional $0.4 million for the operating company. | Merger & Acquisition |
| 20 Feb, 2025 | FSL Trust | Disposed of its vessel Clyde Fisher to an unaffiliated third party for US$7 million. The vessel was twenty years old. | Disposal |
| 20 Feb, 2025 | Thakral Corporation | Associate GemLife has received approval to develop Australia’s first vertical land lease community at Currumbin Waters, Gold Coast, for A$450 million. | Operation Updates |
| 20 Feb, 2025 | Far East Hospitality Trust | Expanding its investing mandate to include overseas properties. | Others |
| 19 Feb, 2025 | Sim Leisure Group Ltd | Served a letter of demand to Bandar Malaysia alleging breach of its obligations following termination of the agreement and the sale of the project site to Malaysia’s national oil and gas company Petroliam Nasional Bhd (Petronas). | Operation Updates |
| 19 Feb, 2025 | United Overseas Bank (UOB) | Launched a “green lane” with Invest Johor, the Malaysian state’s investment agency, to fast-track investments into the Johor-Singapore Special Economic Zone (JS-SEZ). Under the agreement with Invest Johor, UOB will conduct the pre-qualification assessment for its customers’ applications for Johor’s “super lane” approval, according to the criteria set out by Invest Johor. UOB has also introduced a “fast lane” account opening service for its Singaporean customers looking to expand into the JS-SEZ. In addition, the bank has established dedicated JS-SEZ desks in Johor and Singapore to support its customers on financial solutions, account opening and market entry. | Operation Updates |
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