Posts by Mark Darwin
Miyoshi’s Sin to continue as CEO despite accounting irregularity
MIYOSHI’s board of directors is of the view that chief executive and executive director of the company Andrew Sin should continue in his role. This comes despite Sin being fined S$22,400 by Singapore’s State Court last Friday (Jan 10), for failing to recognise an impairment loss in the company’s financial statements for the fiscal year…
Read MoreSingapore shares open lower on Monday; STI down 0.3%
SINGAPORE equities began Monday (Jan 13) in negative territory, tracking losses in global markets last Friday. As at 9.01 am, the Straits Times Index (STI) fell 11.05 points or 0.3 per cent to 3,790.51. Across the broader market, losers outnumbered gainers 76 to 33, after 36.9 million securities worth S$43.6 million changed hands. Medical technology…
Read MoreA*Star, Grand Venture Technology to develop manufacturing platform as company’s semiconductor business gains pace
GRAND Venture Technology (GVT) and the Agency for Science, Technology and Research (A*Star) will be working together to develop a customised manufacturing platform for advanced ceramics, as the mainboard-listed company continues to make leaps in its semiconductor business. On Monday (Jan 13), the manufacturing service provider said the tie-up will allow GVT to capture opportunities…
Read MoreStocks to watch: Stoneweg E-Reit, Grand Venture Technology
THE following companies saw new developments that may affect trading of their securities on Monday (Jan 13): Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit): The Reit received a “BBB-” long-term issuer credit rating from S&P Global Ratings, on the expectation of stable operational performance and cash flow over the next two years. On Friday…
Read MoreJohnson & Johnson is in talks to buy US$10 billion biotech Intra-Cellular
JOHNSON & Johnson (J&J) is in talks to acquire Intra-Cellular Therapies, a biopharmaceutical company focused on treatments for central nervous system disorders, sources familiar with the matter said. A deal could be reached as soon as this week, according to the sources, who asked not to be identified discussing confidential information. While discussions are ongoing,…
Read MoreBlackRock faces new deadline from US regulator over bank stakes
BLACKROCK is facing a new demand from a top US regulator over its stakes in banks after the asset manager failed to meet a January deadline and pushed to delay talks into the Trump administration. The Federal Deposit Insurance Corporation (FDIC) granted a fresh deadline of Feb 10 to resolve an issue regarding oversight of…
Read MoreSingPost should have disclosed internal wrongdoing once the facts had been established
Sias should call on Singtel to review the performance of SingPost’s board, and encourage more investors to attend the mail carrier’s next AGM When Singapore Post (SingPost) said on the evening of Dec 22 that it had sacked three top executives for mishandling internal investigations sparked by whistleblowing reports, I wondered if the story would…
Read MoreWill 2025 herald an IPO revival in China?
PRIVATE equity (PE) and venture capital (VC) funds in China had another gloomy year in 2024, but many in the industry are hoping that a revival is on the cards in the wake of renewed enthusiasm in the domestic stock market after a string of supportive measures from the government. The benchmark Shanghai Composite Index…
Read MoreSunac can’t rule out second offshore debt overhaul
Defaulted property developer Sunac China Holdings said it can’t rule out a second offshore debt restructuring as a prolonged property crisis dims its outlook and it faces another court petition to wind up operations. The company “doesn’t exclude seeking a more comprehensive holistic offshore debt solution”, given that current market conditions are “significantly below” expectations…
Read MoreBuffett’s US$277b cash hoard after selling Apple is a warning
Warren Buffett has been selling a lot of stock, and that revelation is inducing his many admirers to follow suit. His Omaha, Nebraska-based conglomerate, Berkshire Hathaway, reported on Saturday (Jan 11) that it reduced several positions and slashed its stake in top-holding Apple, a sign to some in markets that the “Oracle of Omaha” was bracing for…
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