In today’s briefing:
- Singapore Medical: TTW Bumps To S$0.40
- Alternative Assets Marketplace Fundnel Buys Hg Exchange, Rebrands as Alta
- Luminor Financial Leverages Asian SME Growth Engine
- Lazada Group Publishes First ESG Report
Singapore Medical: TTW Bumps To S$0.40
- I should have stuck to my guns. Singapore Medical (SMG SP)‘s original Exit Offer was low-balled. The IFA all but conceded this. I mused that TTW probably needed to bump.
- And now TTW has, bumping the Offer by 8.1% to S$0.40/share, and declaring the terms final.
- The Offer remains subject to TTW holding 90% (with 77.42% in the bag already). The Offer has been extended to the 5 December.
Alternative Assets Marketplace Fundnel Buys Hg Exchange, Rebrands as Alta
- Singapore-based Fundnel, a leading digital marketplace for alternative investments, has acquired the blockchain-powered private digital securities exchange Hg Exchange (HGX).
- According to a press release, the acquisition will enable Alta to support the tokenisation and digital custody of alternative assets.
- This will create an end-to-end solution that makes it cheaper and faster to trade private securities, funds, and asset-backed securities like real estate and luxury assets.
Luminor Financial Leverages Asian SME Growth Engine
- Luminor Financial Leverages Asian SME Growth Engine “That’s where Luminor Financial has stepped in – we identified a huge gap in the market where SMEs are unable to obtain financing from traditional banks for various reasons,” she noted.
- Luminor is a financial solutions business that aims to provide innovative financing solutions to SMEs across the region.
Lazada Group Publishes First ESG Report
- Singapore-based ecommerce giant Lazada has released its first environmental, social, and governance (ESG) report.
- As a largely unexplored concept in Southeast Asia, the firm enlisted the help of an independent consultant to map out its ESG priorities.
- The core tenets of the firm’s ESG framework are “empowering communities, developing a future-ready workforce, ensuring responsible stewardship, and effective governance.”
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