SGX’s First FinTech Company IPO – Ayondo

Ayondo – An European originated company that provides social trading and brokerage services announced its IPO and set to be listed on SGX on 26-Mar.   The 2 ‘Keywords’ Browsing through the headlines of media reports for the IPO, SGX Observer realised the 2 most associated keywords are ‘FinTech‘ and ‘Loss-Making‘.   Ayondo – Company

OCBC Bank overtakes SingTel as South-east Asia’s 2nd most valuable company

DBS overtook SingTel as South-east Asia’s most valuable company in November 2017. According to The Straits Times and TodayOnline, “The lender had a market capitalisation of S$62.97 billion as of Thursday (Nov 24)’s close, compared with Singtel’s S$60.42 billion. The telecommunications company is expected to face more competition from new Singapore mobile-phone entrant TPG Telecom Ltd.”

SGX StockFacts – Stock Facts?

Frasers Centrepoint Trust acquired one-third stake in Waterway Point (??) Frasers Centrepoint Asset Management Ltd (Manager of Frasers Centrepoint Trust) this morning issued a clarification note regarding ‘a website posting’ at SGX StockFacts portal title “Frasers Centrepoint Trust (SGX:J69U) acquired one-third stake in Waterway Point from Frasers Centrepoint Limited (SGX:TQ5)” (link) The Manager wishes to

‘Pursuing Own Personal Interests’ means…

Ziwo Holdings’ (BM Mobility) announcement of cessation Ziwo Holdings (now known as BM Mobility, SGX:I9T) announced the resignation of Mr Ting Chun Yuen as Non-Executive Director on 04-Jan-2018, citing the reason of resignation as ‘Mr Ting has resigned to pursue his own personal interests.’ (link). Note: Mr Ting was the CEO of Ziwo Holdings since

ComfortDelGro and Uber Join Forces – The Multi-Million Question

ComfortDelGro And Uber Join Forces ComfortDelGro on Friday (08-Dec-2017) evening made an announcement with title “ComfortDelGro Ties Up with Uber Technologies, Inc“, and attached an media release statement titled “ComfortDelGro And Uber Join Forces“.   In the joint media release statement, it says Under the agreement, which is subject to regulatory approval, ComfortDelGro will acquire