Posts by Yurie Miyazawa
Great Eastern granted further extension to May 25 to explore options to return free float – The Business Times
GREAT Eastern now has until May 25 to explore options to comply with free float requirements under the Singapore Exchange’s (SGX) listing rules, the insurer said in bourse filing on Friday (Jan 24). The insurer had made an application to SGX for a further extension of time to examine its options for complying with these…
Read MoreLian Beng’s Ong family offers to privatise SLB Development at S$0.23 per share – The Business Times
LIAN Beng Group’s board of directors – comprising the controlling Ong family – has proposed to acquire and privatise property developer SLB Development via a scheme of arrangement, the parties announced in a joint announcement on Friday (Jan 24). The scheme consideration for each share is S$0.23 in cash. This comes after Lian Beng completed…
Read MoreWall Street enters darker age with most stock trading now hidden – The Business Times
HERE’S a surprising new fact about the world’s largest and most-liquid public equity market: Most of the activity on it is not public anymore. For the first time on record, the majority of all trading in US stocks is now consistently occurring outside the country’s exchanges, according to data compiled by Bloomberg. This off-exchange…
Read MoreFu Yu board rejects substantial shareholder’s directorship bid due to non-conformance with SGX’s ‘integrity requirements’ – The Business Times
PRECISION plastic components manufacturer Fu Yu Corporation’s board of directors declined to appoint substantial shareholder Victor Lim as a director due to potential non-conformance to the “directors’ integrity requirements” set out by the Singapore Exchange (SGX). Specifically, Fu Yu said that the board’s nominating committee (NC) relied on SGX’s listing manual rules 246(5)(a), which are…
Read MoreOracle, Apple, Google diverge on whether to keep serving TikTok – The Business Times
APPLE and Oracle have reacted differently to President Donald Trump’s pledge that the US government will not enforce a national security law that raised potential penalties for US partners of the popular video app TikTok. Oracle, which provides cloud services for TikTok, took Trump’s go-ahead to heart. It’s kept TikTok operational since the app briefly…
Read MoreTiktok’s possible buyers, from Elon Musk to MrBeast – The Business Times
TIKTOK’S Chinese parent company has just over two months to find a buyer for the app’s US business or face a nationwide ban, after getting a time extension from President Donald Trump. There is already competition to own it. Any purchase would have to satisfy the government’s national security concerns over its owner, ByteDance, and…
Read MoreHong Kong’s CKI is said to weigh sale of UK’s £4 billion Eversholt Rail – The Business Times
CK INFRASTRUCTURE (CKI) is evaluating options for Eversholt Rail, including a possible sale that may value the British rolling stock company at as much as £4 billion (S$6.7 billion), sources with knowledge of the matter said. Hong Kong-listed CKI is working with Rothschild & Co on a review of the business, the sources said, asking…
Read MoreESR Reit posts 15.9% fall in H2 DPU to S$0.00997 – The Business Times
THE manager of ESR Real Estate Investment Trust (ESR Reit) posted a distribution per unit (DPU) of S$0.00997 for its second half (H2) ended Dec 31, 2024, down 15.9 per cent from S$0.01186 in the year-ago period. This brings total DPU for FY2024 to S$0.02119, down 17.4 per cent year on year. This takes into…
Read MoreDisney raises Bob Iger’s pay by 30%, reflecting turnaround in profit – The Business Times
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media and entertainment company. The 73-year-old earned US$41.1 million in the year that ended in September, up from US$31.6 million in fiscal 2023, according to a filing on Thursday (Jan 23). The increase…
Read MoreTexas Instruments forecast signals chip slump is persisting – The Business Times
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand and higher costs tied to a factory expansion. Profit will be 94 US cents to US$1.16 a share in the first quarter, the company said on Thursday (Jan 23). The midpoint of that range, US$1.05 a…
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