Markets & Investing
GIC invests $620m in Indian road builder IRB Infrastructure
GIC invests $620m in Indian road builder IRB Infrastructure
GIC will hold 49% of the firm and have board representation.
Temasek to buy security system supplier D'Crypt for $100m
StarHub previously bought the military security firm for $122m in 2017.
Stricter regulation for bonds and REITs eyed
SGX RegCo is creating a working group to improve disclosures related to retail bonds.
Daily Briefing: Automotive marketplace Carro raises $124.6m in Series B round; Belmont Road GCB relaunched for sale at lower price of $40.8m
And Foodpanda is setting up its SEA headquarters in Singapore.
Daily Briefing: PE firm Xander Investment buys office park for $130m; Proptech firm UrbanAgents raises $2m seed round
And government-backed LongHash first startups collectively raise $9.7m in Q1.
CapitaLand Retail China Trust to raise $279.4m in latest funding exercise
It will be used to fund the purchase of three shopping malls.
Daily Briefing: Nassim Road bungalow sold for $230m record price; Y Combinator-backed Aspire raises $44.7m in series A
And three Singapore-listed developers buy remaining 67% interest in an Australian property for $5.23m.
Frasers Logistics raises $258.1m through private placement
It will be used to fund the acquisition of 12 logistic facilities in Australia and Germany.
Daily Briefing: Luxury home sales surge amidst inherited asset boom; Wealthtech startup Bambu raises $10m in Series B funding
And Finnish biofuel producer Neste will expand Singapore refinery for $2.44b.
Frasers Hospitality NPI slipped 11% in Q3
This was attributed to the weak performance of its Australian portfolio.
Daily Briefing: Min Yuan building for sale at $145m; Singapore's second unicorn Trax acquires European competitor Planorama
And a row of apartments at Phoenix Road sold for $42.6m.
Sheng Siong profits up 6.6% to $37.8m in H1
The supermarket opened 13 new stores in Q2, boosting revenue.
Ascendas REIT NPI up 11.5% in Q1
The adoption of FRS 116 boosted income.
Daily Briefing: Piermont Grand sells 46% of units on weekend launch; Stamford Land acquires mixed-use property in London for $441m
And medical lab firm Clearbridge Health raises $11.34m from a share placement.
E-scooter startup Lime withdraws LTA application for sandbox license
The company decided to “reprioritise” efforts to meet global demand.
Daily Briefing: Cycle & Carriage begins car leasing in Singapore; Influencer commerce platform RAENA secures $1.82m in funding round
And AI-powered retinal diagnostics company Leben Care Technologies raises undisclosed amount from IP Ventures.
First Sponsor Group profits rose 33.1% to $38.9m in H1
It was supported by the properties in China and the Netherlands.
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