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Commodities

SGX takes minority stake in digital marketplace for sustainably processed natural rubber

Singapore Exchange (SGX) says it has taken a minority stake in HeveaConnect, a digital marketplace for sustainable natural rubber on March 2.

Tech

Addvalue Tech sets up US based subsidiary to tap onto growing demand

Addvalue Technologies has incorporated Revere Space, a wholly-owned subsidiary registered in the US for the purpose of expanding its presence in the US space market.

AVIATION & ENGINEERING

SIA Engineering Company enter MOU to acquire SR Technics Malaysia

SIA Engineering Company (SIAEC) has entered into a memorandum of understanding (MOU) with SR Technics Switzerland to acquire (in part or whole) of SR Technics Malaysia.

New appointments

SBS appoints Cheng Siak Kian as new CEO

SBS Transit has appointed Cheng Siak Kian as its new CEO.

Cheng was previously acting CEO since March 1, 2020.

ISOTeam appoints former Bukit Panjang MP Teo Ho Pin to board of independent directors - THE EDGE SINGAPORE

New appointments

ISOTeam appoints former Bukit Panjang MP Teo Ho Pin to board of independent directors

ISOTeam has appointed Dr Teo Ho Pin as non-executive independent director to its board on March 1.

SIA uses further $1.1 bil from rights issue for operating expenses, ticket refunds and aircraft related payments - THE EDGE SINGAPORE

Aviation

SIA uses further $1.1 bil from rights issue for operating expenses, ticket refunds and aircraft related payments

Singapore Airlines (SIA) says it has used a further $1.1 billion out of the $8.8 billion raised from its rights issue between Dec 14, 2020, to Feb 21.

UIC secures its first green and sustainability-linked loans of $300 mil - THE EDGE SINGAPORE

Green loans

UIC secures its first green and sustainability-linked loans of $300 mil

United Industrial Corporation Limited (UIC) has secured its first green and sustainability-linked loans from UOB and DBS Bank.

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