Company in the news
Raffles Education receives legal letter from Oei Hong Leong
Raffles Education says it has received an originating summons from tycoon and substantial shareholder Oei Hong Leong and Oei Hong Leong Art Museum on September 29.
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Banking & finance
Singapore's bank lending slowed for the sixth month in August
August marks the sixth month of decline in Singapore’s bank lending as both business and consumer loans took a hit from the weakness in the economy.
REITs
EC World Asset Management appoints new CFO
EC World Asset Management, the manager of EC World REIT, has announced the appointment of Wang Feng as their new Chief Financial Officer.
Property
Hong Leong Asia subsidiary disposes China asset for $28.3 mil
Hong Leong Asia’s subsidiary Airwell Air-Conditioning Technology (China) Co. has divested its asset in Taicang, China, for a total cash consideration of RMB141 million ($28.3 million).
Fintech
Wirecard to cease payment services in Singapore: MAS
The Monetary Authority of Singapore (MAS) has directed Wirecard entities in Singapore to cease their payment services on September 30.
REITs
S&P Global Ratings gives CapitaLand Mall Trust 'A-' rating
S&P Global Ratings has given CapitaLand Mall Trust (CMT) an 'A-' long-term issuer credit rating to the REIT on September 30.
