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Posts Tagged ‘singapore exchange’

Passion Holdings announces order book of $31.7m

October 12th, 2009 | No Comments

Passion Holdings, the integrated designer, producer and retailer of handicrafts and furnishings, today announced a healthy set of order books as at Sept 30, 2009.

The Fujian-based group, which listed on the mainboard of the Singapore Exchange on September 2, has received orders amounting to RMB155.1 million ($31.7 million), a 28% increase from the RMB121.2 million orders received in the corresponding quarter ended Sept 30, 2008. The group expects the orders to be delivered in its second financial quarter ending Dec 31, 2009.

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SGX improves securities settlement to reduce incidence of failed trades

October 9th, 2009 | No Comments

Singapore Exchange Limited (SGX) has announced improvements to its clearing and settlement system for securities traded on SGX, to reduce the incidences of non-delivery of securities and imposition of the attendant penalties. These improvements will take effect on Nov 6.

SGX says it has revised the cut-off time for delivery of securities to 12 noon on T+3 to allow buy-in to be conducted in the afternoon for non-delivered securities to enable market participants to meet their delivery obligations. Only securities that are not successfully bought-in by the end of T+3 will be deemed to have failed.

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CapitaLand aims to float 20 to 30% of mall unit

October 5th, 2009 | No Comments
CapitaLand (CATL.SI), Southeast Asia’s biggest developer, is “comfortable” with floating 20-30% of its shopping mall arm, its Chief Financial Officer Olivier Lim said at a briefing on Monday. 
 
The firm earlier said its subsidiary CapitaLand Retail Limited had won approval from the Singapore Exchange to list its shares on the stock market. 
 
Sources said the initial public offering could raise at least US$1 billion ($1.4 billion). (nSIN487698)
 
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CapitaLand says to list its shopping mall business

October 5th, 2009 | No Comments

CapitaLand Retail Limited, owned by Southeast Asia’s largest developer CapitaLand (CATL.SI), has won approval from the Singapore Exchange to list its shares on the stock market, its parent company said today.

CapitaLand Retail Limited will be renamed CapitaMalls Asia Limited.

“In conjunction with the proposed listing of CapitaMalls Asia, CapitaLand is considering a public offering of part of its shareholding interest in CapitaMalls Asia,” CapitaLand said in a statement.

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Delong Holdings seeks to end trading halt tomorrow

October 4th, 2009 | No Comments

Chinese steelmaker Delong Holdings has requested an end to the halt on trading of its stock on the Singapore Exchange.

The company asked the exchange to end the halt at 9 a.m. tomorrow, it said in a filing today, without giving any other details.

It requested that trading be halted on Oct 1.

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Jurong Technologies reports $502 million loss for 2008

August 14th, 2009 | No Comments
Jurong Technologies Industrial Corp., a Singapore-based electronic products maker, reported losses of $502 million  for 2008, it said in a statement to the Singapore Exchange.
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SGX posts 4Q net income of $91.2m

August 5th, 2009 | No Comments

Singapore Exchange, the operator of the city-state’s securities and derivatives markets, said fourth-quarter profit was $91.2 million or 8.51 cents a share, compared with 8.45 cents a share a year earlier. The company had revenue of $170 million, it said today in a statement.

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Creative Tech jumps 22.7% to $5.52, prompts SGX query

August 3rd, 2009 | No Comments

Shares in Creative Technology (CREA.SI) jumped as much as 22.7% today to $5.52 from $4.50, prompting a query from the Singapore Exchange.

The firm has not yet responded, but an analyst said the spike could be due to the firm’s new partnership to produce high-quality PC sound systems with THX, a firm founded by film maker George Lucas.

Another trader from a local dealership said: “The stock has not been doing well in recent months and this could be a turnaround story.”

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STI falls 5.01 to 2,619.03 on opening

July 29th, 2009 | No Comments

Singapore’s benchmark stock index, the Straits Times Index, fell 0.19% at 9:05 a.m.

The index of 30 companies traded on Singapore Exchange fell 5.01 to 2,619.03. Among the stocks in the index, 9 rose, 16 fell and 5 were unchanged.

Declines in the Straits Times Index were led by DBS Group Holdings, United Overseas Bank and Noble Group. About 106.09 million shares changed hands in Singapore.

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