expansion

CNMC Goldmine to strike while the iron is hot

SINGAPORE (Nov 25): On the whole, Catalist-listed CNMC Goldmine Holdings, which operates three mines in Malaysia, has benefited from higher gold prices.

In its latest set of results for 3QFY2019 ended Sept 30, it reported earnings of US$2 million ($2.7 million) — an eightfold increase from the previous year.

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ST Group brings flavours from home to Asians abroad, enjoys rapid revenue growth with outlet expansion

(Sept 16): All over Asia, bubble tea — also known as boba tea — stalls are popping up on every corner and long queues are a usual sight. Bubble tea, which consists of tea, milk and toppings such as chewy tapioca pearls, has sparked a craze, with people willing to wait for hours for their favourite drink.

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UOB expands footprint in Vietnam with opening of Hanoi branch

SINGAPORE (Aug 22): United Overseas Bank (Vietnam) officially opened its branch in Hanoi on Thursday, its first beyond Ho Chi Minh City.

The expansion comes a year after the incorporation of UOB Vietnam as a foreign-owned subsidiary bank.

See: UOB receives foreign-owned subsidiary bank licence in Vietnam

Micron's latest expansion to boost Singapore's semiconductor hub status

SINGAPORE (Aug 14): Singapore wants to strengthen the whole semiconductor manufacturing eco-system to maintain its role as a regional hub.

Minister for Finance Heng Swee Keat, who was speaking as guest of honour at the opening of US semiconductor company Micron Technology’s expanded 3D NAND flash memory fabrication operations facility, affirmed this.

The new facility is located next to Micron’s existing manufacturing complex at North Coast Drive.

ST Group Food Industries acquires rights to NeNe Chicken brand in New Zealand

SINGAPORE (July 5): ST Food Industries (ST Group) has entered into a master franchise agreement with Hyein Foods Co for the exclusive rights to the ‘NeNe Chicken’ brand in New Zealand.

In an SGX filing on July 4, ST Group announced that the agreement was set to have an initial term of 10 years, with an option for a further 10 year renewal.

Circles.Life launches world's first multi-country digital telco platform in Taiwan

SINGAPORE (June 24): Homegrown mobile virtual network provider Circles.Life is launching its digital mobile services in Taiwan on the back of a partnership with one of island’s largest telco players.

Circles.Life Taiwan enables customers to sign up on the Internet with a SIM card being delivered the very next day, as well as flexible and no-contract plans which free customers from paying for unused data, unlike the current rigid plans that bind them.

Clearbridge eyes more Chinese medical tourists with Hong Kong clinic expansion

SINGAPORE (June 4): Integrated healthcare company Clearbridge Health says it is planning to open a new 1,500 sq ft clinic along Causeway Bay, Hong Kong, to serve more domestic patients and medical tourists.

The new clinic will near-double the size of the existing 800 sq ft medical facility known as Clearbridge Medical Center, which is located along 555 Hennessy Road.

According to the company, its Hong Kong clinic served some 350 patients per month, of which the majority are medical tourists from China.

Keppel Data Centres buys into Luxembourg startup with $22 mil investment

SINGAPORE (June 3): Keppel Data Centres has invested €14 million ($21.5 million) in the Series C funding of Etix Group S.A. (Etix), giving it a minority stake in the Luxembourg-based data centre developer and provider of data centre colocation services.  

Etix leverages prefabricated data centre modules for quick data centre deployment and has built up a network of 12 edge and high-performance computing data centres across Europe, Africa, Latin America and Southeast Asia.

Jumbo enjoys robust outlook with expansion strategy, but China exposure may pose a problem

SINGAPORE (May 22): CGS-CIMB Research and UOB Kay Hian are maintaining their “add” and “hold” calls on Jumbo Group with target prices of 52 cents and 41 cents, respectively, after the group’s 2Q19 results came in line with both research houses’ expectations.

Raffles Medical Group says not long before China forms 20-40% of overall business

SINGAPORE (April 29): Raffles Medical Group (RMG) says Raffles Hospital Chongqing saw around 500 patients over 1Q19 since it opened in January this year. The new hospital currently has between 100 and 150 beds, and the group intends to roll out more beds progressively to fill its 700 bed capacity.

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