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Showing posts from October, 2016

iX Biopharma granted patent in Canada for WaferiX

Homegrown specialty pharmaceutical company iX Biopharma has been granted a patent in Canada for its WaferiX drug delivery technology.

Two independent directors quit KLW

Two independent directors of doormaker KLW Holdings - under investigation by the Commercial Affairs Department (CAD) for an alleged offence under the Securities and Futures Act - have resigned.

YuuZoo to invest up to US$150m in US film group

Yuuzoo Corporation Limited is planning to invest between US$50 million and US$150 million in an American independent movie studio and entertainment group which only recently exited bankruptcy.

Where should the line between profit and regulation be drawn?

This column on Dec 15, 2015, titled "Boosting liquidity: fundamental rethink needed", stated that it would not be an exaggeration to describe conditions in the local stock market at the time as extremely dire, possibly the worst they have been since the US sub-prime crash of 2008.

China Environment unit locked out of office premises on overdue rent

China Environment announced on Tuesday that its subsidiary, Fujian Dongyuan Environmental Protection, has been locked out of its office premises by its landlord, Fujian Mintai Environmental Protection.

China Sky sues director Zheng Kai Su in High Court

Troubled S-chip China Sky Chemical Fibre has filed a lawsuit in Singapore's High Court against Zheng Kai Su on Oct 24 for what it claimed was "fraudulent and/or unauthorised use of the group's funds and the fraudulent and/or unauthorised use of the group's assets as collateral for securing loans", it said in a Singapore Exchange filing on Tuesday evening.

Chinese money flowing to Hong Kong stocks has suddenly dried up

The flood of Chinese money into the city before the mainland's National Day celebrations in early October has slowed to a trickle since traders returned from the week-long break.

Jade Technologies' ex-boss gets longer jail term after failed appeal

The record jail term imposed on former Jade Technologies president Anthony Soh Guan Cheow was extended by the High Court to 11 years yesterday following a failed appeal.

Hong Kong bans short-seller Andrew Left from market for five years

A Hong Kong tribunal banned US short-seller Andrew Left from trading on the city’s market for five years after publishing “false and/or misleading” claims about a company listed there.

Dual-listed China New Town seeks delisting from SGX

China New Town Development Co is seeking a voluntary delisting from the Singapore Exchange (SGX) to trade only on the Stock Exchange of Hong Kong to save on costs and improve liquidity.

The board's duties in a takeover

When news of a potential takeover of a listed company breaks, shareholders and the public would usually look first to the board's response to the takeover offer.

This Bank-Beating Trading Powerhouse Doesn’t Use Human Traders

One of the world’s fastest-growing trading shops doesn’t have any traders.

Bloomberg

2 more ex-BSI bankers charged in 1MDB-linked probe

Singapore is pressing on with its probe into Malaysia's 1Malaysia Development Berhad (1MDB), with prosecutors filing fresh charges against two former senior private bankers of BSI Singapore for forgery and failure to flag suspicious transactions.

MAS shuts down Falcon Bank in Singapore, fines Falcon, DBS and UBS

The Monetary Authority of Singapore is withdrawing the merchant bank status of Switzerland-based Falcon Private Bank's Singapore branch for "serious failures in anti-money laundering (AML) controls and improper conduct by senior management at the head office in Switzerland as well as the Singapore branch", it said on Tuesday.

Magnus Energy's auditor qualifies opinion over coal concession investment

Independent auditor of oil-and-gas company Magnus Energy on Monday issued a qualified opinion on the company's financial statement for the year ended June 30, 2016.

Who'll benefit from new MRT stations?

An old adage in real estate investment - "location, location, location" - suggests that real estate investors should focus more on the location than the physical attributes, tenure and stage of the market cycle.

Wall of Chinese money making Hong Kong stocks Asia's wildest

Hong Kong is becoming the new wild east as mainland investors increasingly target the city's stocks.

MMP Resources to fight winding up application

Mainboard-listed construction firm MMP Resources said on Friday (Oct 07) that Edward Lee Ewe Ming has filed an application with the Singapore High Court to wind up the company for non-payment of S$5.22 million.

Ex-Brazil agent Skornicki's transactions 'may be suspicious', says Keppel

Keppel Corporation fell nine Singapore cents or 1.7 per cent to S$5.30 after it said on Monday morning that a former Brazil agent might have engaged in illegal activity.

SIAS should be more careful before picking sides

As Singapore's leading voice for all minority shareholders, the Securities Investors Association (Singapore), or SIAS, should tread carefully when getting involved in ongoing general offers.

SGX reprimands KLW, two ex-executives for breach of Catalist rules

The Singapore Exchange (SGX) on Monday reprimanded door maker KLW Holdings and two former key executives for a breach of Catalist rules. It has referred the case and potential breaches of the law to the relevant authorities.

Miners hit jackpot buying bargain-bin coal mines

Buying bargain-bin coal mines amid the worst commodity slump in a generation has turned into a savvy bet as prices of the fuel surge.