Cryptocurrency investment is “highly hazardous” but meltdowns in the sector haven’t created financial-stability risks for Singapore, regulators in the city-state said after another digital-asset firm ran into trouble.The Monetary Authority of Singapore has rescinded its in-principle approval f...

KENNETH Lim Tiong Hian, the executive chairman and acting chief executive officer of Catalist-listed Epicentre, was involved in loans of about S$27.6 million taken purportedly for the former Apple reseller – loans which the company has no records of receiving, according to a report release...

Epicentre Holdings will be delisted upon completion of a special audit, which uncovered multiple breaches, including loans taken out by parties including its own former chairman but the money not reflected in the bank balances.According to EY, the special auditor, Lim Tiong Hian, the company’s own...

Asian sponsors of blank-check firms are facing a tough market for initial public offerings wherever they turn, as a combination of increasing regulatory scrutiny and fading investor demand shutters the window for new listings from the US to Asia.In the past three months, at least six Asia-related sp...

NASDAQ-listed Moderna Inc has announced its plans to establish a new subsidiary in Singapore, along with three other subsidiaries in Malaysia, Taiwan and Hong Kong on Feb 16. The subsidiaries will build on Moderna’s existing presence in the region with offices in Japan, South Korea and Australia. ...

EPICENTRE Holdings plans to delist without making an exit offer, the former authorised reseller of Apple products announced in a bourse filing on Tuesday (Jan 18).

Amid the Covid-19 pandemic and the global semiconductor chip shortage, many companies in the industry foresee missing their revenue targets this year due to the heightened demand and shrinking supplies. For instance, Applied Materials — a US-listed company that provides equipment, services and sof...

HANOI : Vietnam's coronavirus epicentre Ho Chi Minh City is proposing to resume its economic activities from Sept. 15 after a strict lockdown, in a shift from its "Zero-COVID-19" containment strategy, according to a draft proposal from the city. The city of 9 million people is tar...

ESG within the financial industry is an evolution of a set of beliefs and principles dating back centuries. Now, it remains more relevant than ever The ethos of sustainable investing has been centuries in the making. From its earliest roots in faith-based investing to a complex yet concerted push fo...

Singapore’s largest market manipulation case linked to John Soh and the crash of three penny stocks in 2013 is nearing a close. We relive the saga The trial of John Soh Chee Wen which was linked to the October 2013 penny stock crash has to be one for the books. The case has been described asthe la...

ASIA - with immense global trade flow, flourishing economies, and access to a burgeoning talent pool - is now the epicentre of global mergers and acquisitions (M&A) transactions. According to Aon's 2021 Risk in Review report, 68 per cent of investors rank Asia-Pacific (excluding...

Singapore Exchange (SGX) has expanded its clearing services through the addition of three new forward freight agreement (FFA) and futures contracts for Liquefied Natural Gas (LNG) vessels. The new contracts were launched on July 12 and are listed out to three years forward. The FFA and futures contr...

EPICENTRE Holdings has agreed to issue new shares and convertible bonds to Transworld Electronic Technology for an aggregate sum of S$5.4 million, which will result in a transfer of controlling interest in Epicentre to Transworld, said the troubled company's judicial manager in a bourse...

EPICENTRE Holdings, which is currently under judicial management, has terminated an agreement in which it would transfer its Catalist listing to an entity linked to South Korean steelmaker Kossen.

The judicial managers for Epicentre Holdings announced that the implementation agreement entered into with KOSDAQ-listed Kossen Co and Tardis Capital for the proposed transfer of the company’s listing status has been terminated. Under the agreement, which was originally announced in July 2020, Epi...