capital injection

UOB injects RMB2 bill in its China subsidiary  - THE EDGE SINGAPORE

Company in the news

UOB injects RMB2 bil in its China subsidiary

This is UOB’s second capital injection to UOB China.

Company in the news

Suntec REIT makes capital injection of $40 mil into entitles of Suntec Singapore International Convention and Exhibition Centre

ARA Trust Management, the manager of Suntec REIT says that Suntec REIT’s wholly-owned subsidiary, Suntec Harmony, has subscribed for new ordinary shares in Harmony Investors Group (HIGL) for a subscription amount of $40 million.

M&A

Singtel acquires remaining shares in cybersecurity firm Trustwave

SINGAPORE (May 22): Singtel's wholly-owned subsidiary, Singtel Enterprise Security (US) (SES US) has acquired the remaining 2% stake in Trustwave for US$12 million ($16.1 million) in cash.

Broker's Calls

SingPost put on ‘hold’ in anticipation of new CEO

SINGAPORE (March 27): Maybank Kim Eng Research is maintaining its “hold” call on Singapore Post (SingPost) at an unchanged target price of $1.34 given major decisions within the group are likely to be put on hold until new CEO, Paul Coutts officially

ST Engineering’s land systems division makes capital injection into Brazilian manufacturing unit

SINGAPORE (Sept 15): ST Engineering said on Thursday that two subsidiaries of its land systems business, ST Kinetics, have injected a total of BRL 8 million ($3.3 million) into the capital of LeeBoy Brazil Equipamentos De Construção Ltda for working cap

Perennial acquires 49.9% stake in eldercare operator, Renshoutang

SINGAPORE (Sept 13): Perennial Real Estate Holdings has acquired a 49.9% in Shanghai RST Chinese Medical Co, or Renshoutang, through a capital injection of RMB735.5 million ($149.7 million).
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