SG briefs: DBS, UOB, Ascendas India Trust, Temasek, GIC

OCBC Bank and UOB ATMs with SAM and AXS machinesOCBC Bank and UOB ATMs with SAM and AXS machines; taken October 2021

Singapore company briefs: Ascendas India Trust, United Overseas Bank (UOB), Temasek Holdings, Bayer AG, DBS, GIC, Toss and Mohalla Tech. 

Ascendas India Trust and UOB

Ascendas India Trust said Monday it has secured a S$100 million sustainability-linked term loan facility from UOB via a facility agreement.

Temasek and Bayer

Singapore state-owned investment company Temasek Holdings is pushing to remove Bayer AG CEO Werner Baumann, Bloomberg reported Sunday, citing people familiar with the matter. 

Temasek has “communicated its displeasure” about Bayer’s leadership to the company and its supervisory board, citing long-standing concerns over the operating performance under Baumann, Bloomberg reported, citing the sources. 

GIC and Toss

South Korea-based superapp Toss — which is backed by Singapore sovereign wealth fund GIC, PayPal and Sequoia Capital China — is planning to enter markets in Indonesia, Malaysia, Thailand and the Philippines, after entering Vietnam in 2019, according to a report from The Edge, citing The Financial Times. 

Temasek and Mohalla

Singapore state-owned investment company Temasek Holdings is joining Mohalla Tech’s series H funding round, which was set to raise at least US$200 million, Bloomberg reported, citing sources

India-based Mohalla Tech developed social media platform ShareChat and short-video app Moj, the report said.

Other potential investors in the round, which would be at a valuation of US$5 billion, are likely to include Indian digital media player Times Internet, and Alphabet’s Google is also considering participation, Bloomberg reported, citing sources. 


DBS has set up the first solar-powered ATM kiosk in Singapore, with the kiosk getting 30 percent of its annual energy consumption self-generated by solar panels installed on its roof, the bank said in a press release on its website.

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