SG stocks Friday: Singtel, Temasek, MM2, NIO, AEM

Film rolls. Credit Denise Jans on UnsplashFilm rolls. Credit Denise Jans on Unsplash

Singapore companies in focus on Friday, 17 June 2022:

  • Singtel boosts Intouch stake by acquiring shares from Temasek
  • MM2 Asia’s cinema business lands strategic investor in S$54M bond deal
  • NIO launches electric SUV model
  • AEM to expand in Singapore, Malaysia, US
  • Boosting Women in Management, Japan Style

Singtel boosts Intouch stake by acquiring shares from Temasek

  • Singtel is boosting its stake in Thailand’s Intouch Holdings to 24.99 percent from 21.21 percent by acquiring 121.16 million shares from Anderton Investments, which is a wholly owned subsidiary of Singapore state-owned investment company Temasek Holdings, for S$330 million, the telco said in a filing to SGX.

AEM to expand in Singapore, Malaysia, US

  • Temasek-backed AEM Holdings plans to expand its operations, adding a new site in Penang, Malaysia, and the U.S., as well as expanding its research and development center in Singapore, the semiconductor testing company said in a filing to SGX Thursday.

MM2 Asia’s cinema business lands strategic investor in S$54M bond deal

  • MM2 Asia‘s cinema business landed a long-term regional strategic investor in a S$54 million exchangeable bond deal with warrants, the company said in a filing to SGX Thursday.

NIO launches electric SUV model

  • NIO has launched its smart electric vehicle (EV) mid-large SUV model, called the ES7, on Wednesday, the EV maker said in a filing to SGX Thursday.

Boosting Women in Management, Japan Style

  • Globally, large corporates working to increase the women in its management ranks usually proceed by hiring more women. One Japanese company is taking a different route: Issuing a sustainability bond.

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