Singapore companies in focus on Monday, 23 May 2022:
- Grab’s Singapore digital bank launch set for 2H22
- NIO’s SGX debut outpaces US-listed shares
- Ascendas REIT: To scale up data center investments
Others: DeClout and Procurri, Seroja Investments and Halcyon Agri.
Grab’s Singapore digital bank launch set for 2H22
- Southeast Asian superapp Grab is targeting the public launch of its Singapore digital bank in the second half of 2022.
NIO’s SGX debut outpaces US-listed shares
- Smart electric vehicle (EV) maker NIO‘s secondary listing in Singapore posted a solid trading debut Friday, finishing above its U.S.-listed American Depositary Shares (ADS).
Ascendas REIT: To scale up data center investments
- Ascendas REIT said it plans to scale up its investment in data centers, with no plans to cap investments in the segment currently.
DeClout makes offer for remainder of Procurri
- DeClout has bid to acquire the remainder of Procurri it doesn’t already own after multiple transactions took its stake above 30 percent, triggering a mandatory general offer at S$0.425 a share in cash.
Seroja to acquire Indonesia nickel miners for US$2B in reverse takeover
- Seroja Investments has entered a deal to acquire Denway Development from Nickel Global Group for US$2 billion in shares in a reverse takeover deal, according to a filing to SGX Friday.
Halcyon Agri reports 1Q22 revenue grew 19 percent
- Halcyon Agri Corp. reported Friday its first quarter revenue increased 18.9 percent on-year to US$617.3 million on higher sales volume and higher average selling prices.
Briefs
Singapore company briefs: Keppel REIT, King Wan Corp., NutryFarm International and Aspen (Group) Holdings. Read more.
Singapore companies announcing executive changes: Viking Offshore and Marine. Read more.
