Singapore Exchange: SGX will mandate all
mainboard companies to allocate to retail investors at least 5 per cent, or
S$50 million, whichever is lower, of their initial public offering (IPO). This
new rule will kick in from May 2, 2017.
Separately, it is consulting the public on proposed
adjustments to increase the minimum bid size for stocks trading in the S$1.00
to S$1.99 (from the current S$0.005 to S$0.01) range; widen the forced order
range for stocks; and reinstate a mid-day break from 12 noon to 1pm.
mm2 Asia: Film producer and distributor mm2 Asia
on Wednesday updated that it has been advised by Unusual Pte Ltd that the latter
plans to lodge its preliminary offer document with the Singapore Exchange after
obtaining the shareholders' approval for the proposed listing at an
extraordinary general meeting on March 20, 2017.
Ezion Holdings: Oilfield services provider Ezion
Holdings is understood to be in final talks with the interim judicial managers
(IJMs) of Swissco Holdings, to take over four rigs co-owned by joint
ventures between the two parties at a total consideration of over US$16
million.
The Business Times understands that Ezion has upped its
offer to over US$4 million per rig after Swissco's IJMs pushed back the earlier
takeover bid priced at about US$3 million per rig.
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