Posts by Stephanie Irvin
Power of Attorney Explained: Don’t Sign Away Your Rights Without Reading This
Hey there! So, you’ve probably heard about Power of Attorney (POA) but might not know all the ins and outs. It’s basically a legal document that lets someone else make decisions for you, whether it’s about money, health, or other important stuff. But, like anything that gives someone else control, there are risks involved. You…
Read MoreJapan’s NTT plans US$1 billion data centre Reit listing in Singapore; appoints BofA, UBS
JAPAN’S Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a US$1 billion data centre real estate investment trust listing in Singapore, two sources with knowledge of the matter said. The listing, which sources said was likely to take place in the second half of 2025, could help…
Read MoreProperty a big winner: Potential Malaysia beneficiaries from Johor-Singapore SEZ
While there are probable Singapore winners arising from the Johor-Singapore Special Economic Zone (JS-SEZ), analysts believe that there are even more Malaysian beneficiaries. “Stock beneficiaries are largely on the Malaysia side. Most of the nine zones focus on manufacturing and logistics, with some energy and other service sectors identified,” said Macquarie in a note. The…
Read MoreUltraman toymaker Bloks surges after blockbuster Hong Kong IPO
SHARES of Bloks Group, the popular Chinese maker of Ultraman and Transformers figurines, jumped as much as 82 per cent in their Hong Kong trading debut after the company’s US$215 million initial public offering (IPO) drew overwhelming demand from individual investors. Shanghai-based Bloks opened at HK$109.60 each, compared with its initial share sale price of…
Read MoreUltraman toymaker becomes a billionaire after frenzied Hong Kong IPO
THE frenzy over a toymaker’s Hong Kong initial public offering has created a new billionaire. Zhu Weisong, founder and chairman of Bloks Group, was catapulted into the ultra-rich ranks after the company’s US$215 million debut on Friday (Jan 10) drew overwhelming demand from individual investors. Shares surged 41 per cent to HK$85 on its trading…
Read MoreSuntec Reit unitholders should reject revised S$1.19-a-unit offer: Morningstar
MORNINGSTAR has recommended that unitholders of Suntec Real Estate Investment Trust (Reit) reject the revised S$1.19 apiece cash offer from property tycoon Gordon Tang and his wife Celine. The offer was made through their investment holding company Aelios, which was formed to undertake the offer and acquire the Reit’s units. In a note on Thursday…
Read MoreFu Yu’s largest shareholder requisitions EGM to oust directors amid poor performance
FU YU has received a requisition notice from its largest shareholder Victor Lim to convene an extraordinary general meeting (EGM) to pass five resolutions. Lim, who owns some 29.45 per cent of Fu Yu shares, called for the meeting as he believes a “strategic reset” and reorganisation of the board is needed amid the company’s…
Read MorePBOC halts bond buying to defend yuan as economic gloom worsens
CHINA’S central bank said it will suspend buying government bonds, its latest attempt to temper investor bets on weak economic growth that have undermined the currency and sapped confidence among businesses and consumers. The People’s Bank of China (PBOC) will suspend purchases of sovereign debt this month as the supply of the bonds has fallen…
Read MoreSingapore’s STI tumbles 1.7% with bank shares falling
SINGAPORE equities began Friday (Jan 10) in negative territory, with the benchmark index retreating further by the midday break, driven by losses in the banking stocks. As at noon, the Straits Times Index (STI) had fallen 67.3 points or 1.7 per cent to 3,795.3, standing slightly above the day’s low of 3,793.16. Across the broader…
Read MoreBlackRock leaves major climate group amid Wall Street exodus
BLACKROCK is parting ways with one of the world’s biggest climate investor groups after being targeted by Republican politicians for its efforts on global warming. The money manager said on Thursday (Jan 9) in a letter to clients that it decided to leave the Net-Zero Asset Managers initiative. Membership in the group “caused confusion regarding…
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