expansion

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.

Jumbo opens three new F&B outlets in Singapore

SINGAPORE (April 12): Jumbo Group has opened three new restaurants in a move to expand in Singapore, with a new Jumbo Seafood outlet at Jewel Changi Airport as well as two new concepts at Far East Square, all of which were launched today.

This brings the group’s total number of food and beverage (F&B) outlets to a total of 14.

Koufu to benefit from MBS expansion, new outlet opening a possibility: UOB

SINGAPORE (April 9): UOB Kay Hian is maintaining its “buy” call on Koufu Group with an unchanged target price of 95 cents while highlighting Koufu as a potential beneficiary from the upcoming expansion of Marina Bay Sands (MBS), where the group operates an existing food court.

See: This F&B empire is a steal at current valuations, says UOB Kay Hian

Grab sets sights on US$6.5 bil capital mark

SINGAPORE (April 8): Grab Holdings is expecting to rake in further US$2 billion ($2.71 billion) in funding to bring its total capital raised this year to US$6.5 billion, following its Series H round which saw SoftBank and other key strategic investors invest over US$4.5 billion in the ride-hailing app.

Last month, Grab secured a US$1.46 billion investment from SoftBank Vision Fund. Both Grab and the Japanese conglomerate have been working together since 2014.

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