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Showing posts from September, 2016

Brokerages to get more SGX data on possible market rigging

Quarterly reports, beginning with the first one this week, will cover alerts triggered by suspicious trading activity

SGX offers more data to brokerages to stop market rigging

The Singapore Exchange (SGX) will push out more data linked to possible market misconduct to brokerages in a bid to detect and stop market rigging, it said on Wednesday.

What predators look for in public and private firms

Small and underperforming public companies are more likely to become acquisition targets, while the reverse is true for private companies, a study has found.

Hong Kong small-caps: ready for China fever?

Chasing higher returns in a slowing economy, Chinese investors could soon dominate Hong Kong's stock market, likely redefining how shares, especially small-caps, are traded and priced there.

When deals go bad: China state firm managers spooked by new liability rules

Business development managers at Chinese state-owned firms have been put on notice: mess up on M&A deals and you can be held personally liable - for life.

Rebound in Ezra seen to be fleeting as oil industry woes deepen

Ezra Holdings Ltd is leading a rebound among Singapore oil-service providers this month, after bearish bets pushed the company's shares to all-time lows. The rally will be short-lived amid deepening financial distress in the industry, analysts say.

Brokers slap trading curbs on ISR Capital

ISR Capital's big run has made some brokers nervous enough to impose trading restrictions on the counter. But that has not knocked the wind out of this year's best-performing stock.

SGX queried over salaries, tech spending at AGM

The Singapore Exchange (SGX) fielded a string of queries at its annual general meeting (AGM) yesterday with investors voicing concerns over salaries and the recent trading disruption.

More brokers restrict ISR Capital trading

Local brokerages Phillip Securities and OCBC Securities have joined other houses in restricting trades made on investment firm ISR Capital, as a massive rally in the counter looks at risk of reversing.

Aztech co-founder Michael Mun launches bid to take company private with offer of 42 cents a share

Aztech Group's co-founder, chairman and CEO, Michaeal Mun Hong Yew, announced on Tuesday (Sept 20) his offer to take the diversified electronics, marine and food company private at 42 Singapore cents a share.

IHC clarifies lenders' receivership over its Australian properties

Catalist-listed medical-property developer International Healthway Corporation (IHC) said before trading hours on Friday that the appointment of receivers by its two Australian bank lenders, Westpac and National Australia Bank (NAB), to IHC's three properties in Australia is a consequence of the disputed appointment of receivers by Crest Funds (Crest Receivers).

SGX confirms Swiber probe

The Singapore Exchange has confirmed investigations into developments at Swiber Holdings, saying that the probe is ongoing.

Otto Marine shareholders back delisting move

Shareholders of Otto Marine have voted in support of a voluntary delisting offer by executive chairman and controlling shareholder Yaw Chee Siew.

Dual-class shares

Retail investors' rights must be protected as such shares concentrate power in select few

Singapore Stewardship Code expected to be launched by year-end

An industry working group could launch Singapore's first Stewardship Code by the end of the year, laying out how investors should use their powers as shareholders, according to Hans Cristoph-Hirt, co-head of Hermes Equity Ownership Services.

SGX goes after Swiber in potential rule breach

The Singapore Exchange (SGX) is going after Swiber Holdings for potential breaches to the exchange's Rule 703 pertaining to disclosure of material information.

Coal rises from grave to become one of hottest commodities

For all the predictions about the death of coal, it's now one of the hottest commodities in the world. The resurrection may have further to run.

Moving towards dual-class listings would be ill-advised

Should SGX allow DC companies to list here? As with many contentious areas, it depends on who you ask. Like quarterly reporting for example, ask those who have to do the actual work, namely the corporate sector, and the reply would be that it is a waste of resources, adds to share price volatility and so should be scrapped. Yet, ask shareholders and investors and the view is very different - financial updates every three months are welcome and deemed very necessary in decision-making.

Two IHC shareholders want 4 directors removed

Investor and sister call for EGM as International Healthway Corporation seeks legal advice

Pre-conditions to be satisfied before offer to privatise China Minzhong goes through

Marvellous Glory Holdings, the special vehicle that is planning to make a voluntary conditional offer to acquire all the shares of mainboard-listed vegetable processor China Minzhong Food Corporation (CMZ) at S$1.20 apiece, has unveiled two pre-conditions that must be satisfied for the offer to go through.

China Environment responds to SGX queries, says assets are greater than liabilities

China Environment, which manufactures air pollution control and treatment systems in China, said on Tuesday that the group's current assets are greater than its current liabilities after taking in an impairment charge of 356 million yuan (S$72.3 million).

ISR Capital taps new shareholders with S$12 mil placement

ISR Capital has announced that it will raise S$12 million by issuing 141 million new shares priced at 8.5 Singaporean cents each to four investors.

SGX to issue surveillance handbook to brokers

Singapore Exchange (SGX) will soon issue a surveillance handbook to brokers containing case studies involving market rigging and manipulation in an effort to educate brokers on trading activities that are allowed and those that are not.

Dual class shares: safeguards or minefields?

The SGX board should also consider if DCS are the way to build a sustainable exchange

Hard to escape governance risks of dual-class shares

If the Singapore Exchange (SGX) wants to have dual-class shares, it will have to avoid some of the missteps by its rival in Hong Kong, but may ultimately still have to accept higher levels of governance risk in the marketplace.