investments

Singapore's Vertex adds $290 million venture fund for high-growth tech firms

SINGAPORE (Sept 12): Singapore-based Vertex Venture Holdings, the first main backer of Southeast Asia’s ride-hailing giant Grab, has added a new $290 million venture capital fund targeting investments in high-growth technology firms, a senior company official said.  

The Vertex Growth Fund will seek to invest about $10 million to $15 million per company, typically in third and fourth round fundings, versus $3 million to $4 million by affiliate funds in early rounds, said Vertex Venture Holdings CEO Chua Kee Lock.

Singapore pushes for mediation role as trade war breeds disputes

(July 11): Singapore wants to position itself as a hub for business mediation to help resolve commercial conflicts, at a time when tensions between the US and China could affect investments and trade flows.

EPS growth of global markets likely to slow from 16% to 5%: Citi 2H outlook

SINGAPORE (June 25): Diversify your investments; Don’t time the markets; and look at opportunities in Emerging Markets, says Citi Private Bank in its mid-year outlook report.

Although global economic growth appears firm for the time being, the trade war between China and the United States as well as the Iran oil export sanctions have cast a pall of uncertainty over the investment horizon.

According to Citi, EPS growth of global stocks is likely to slow from 16% to 5%, while EPS growth of US stocks should slow from 23% to 4% due to its high dependence on trade. 

Metro bets on decentralised office market with $45.6 mil investment in Tampines property

SINGAPORE (April 18): Metro Group has acquired 7 & 9 Tampines Grande, a premium Grade A office property in Singapore, through a 50:50 joint venture (JV) between its subsidiary Metrobilt Construction and an affiliate of SRIF GP.

On its part, Metro will be investing about $45.6 million for its 50% capital commitment share.

Through the newly-incorporated JV company, Ascend TGrande, both Metro and SRIF have agreed to purchase T-Grande Investment Holding from Golden Crest Holdings, a wholly-owned subsidiary of City Developments.

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.

Keppel acquires minority stake in EV battery business for $68 mil

SINGAPORE (April 1): Keppel Corporation, through its wholly-owned subsidiary KepVenture, is investing US$50 million ($67.7 million) for a minority stake in Envision AESC Group.

Singapore wealth fund GIC 'hopeful' on ambitious Brazil pension plan

SINGAPORE (Mar 19): Singapore’s sovereign wealth fund GIC Pte has grown more optimistic about Brazil.

Latin America’s largest economy may offer investment opportunities in sectors from healthcare to education and gas pipelines if it keeps inflation under control and reduces interest rates, according to Lim Chow Kiat, the fund’s chief executive officer.

“I’m definitely more hopeful and positive,” Lim said in an interview in Sao Paulo. “The momentum looks good.”

China Sunsine to acquire land in Shandong for $505 mil investment project

SINGAPORE (Mar 13): China Sunsine Chemical Holdings says its subsidiary, Shandong Sunsine, has agreed to invest up to RMB2.5 billion ($505 million) on a piece of land in Shanxian county, Shandong, to further expand its capacities in rubber chemical products.

Out of the total investment sum, Shandong Sunsine intends to commit RMB1.5 billion to property, plant and equipment.

Under its agreement with Shanxian’s government, Shandong Sunsine will pay RMB20,000 per mu as a deposit for the land, which spans approximately 800 mu or some 534,000 sq m.

Singapore Medical Group announces $50 mil share purchase from existing shareholder CHA

SINGAPORE (Feb 20): Singapore Medical Group (SMG) says its 6.86% shareholder CHA Healthcare Singapore (CHAS) is increasing its stake in the group to 24.13% by purchasing existing shares from certain SMG shareholders via a $50 million investment.  

This comes after the group called for a trading halt following a 4.4% surge in its share price to 47 cents within the first three hours of trading today.

Grab raises US$150 mil from Yamaha

SINGAPORE (Dec 17): Grab is attracting more global backers after the ride-hailing service defeated Uber Technologies Inc. in Southeast Asia. A motorcycle maker has become the latest investor.

Yamaha Motor Co. agreed to invest US$150 million ($205.7 million) in Grab and the two will collaborate on motorcycle-ride services in Southeast Asia with a focus on Indonesia, the Japanese manufacturer said in a statement Thursday.

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