Mainboard-listed Aspial Corp, controlling shareholder of Catalist-listed Maxi-Cash Financial Services Corp, plans to sell a group of businesses into the latter for at least $87.8 million.The transaction, meant to consolidate the various jewellery brands under one listed entity, can be worth up to $9...

MAINBOARD-LISTED Aspial plans to sell a group of its wholly-owned subsidiaries to another of its subsidiaries, Maxi-Cash Financial Services, for up to S$99.8 million, Aspial and Maxi-Cash said in a joint press release on Thursday (Jul 7).

THE following companies saw new developments that may affect trading of their securities on Friday (Jul 8):

Maxi-Cash Group, on June 24, has proposed to adopt a shareholders’ mandate in order for the group to enter into several interested person transactions (IPTs) with Aspial Group.The interested persons listed are Maxi-Cash’s controlling shareholders, Koh Wee Seng, Ko Lee Meng and Koh Lee Hwee (the ...

A WOMAN named Tan Su Lan has received a civil penalty of S$100,000 for false trading in the shares of jewellery retailer Aspial Corporation and property developer Far East Orchard (FEO), the Monetary Authority of Singapore (MAS) announced on Wednesday (May 11).

As the closing prices of these shares had an impact on the value of her collateral, her collateral value increased correspondingly, MAS says.“Trading behaviour that has the effect of distorting prices adversely affect the fair and orderly functioning of our capital markets,” says Loo Siew Yee, a...

When the pandemic hit in early 2020, and drastic measures were needed to curb the spread of the virus, most retail shops were told to shut. However, pawnshops, deemed to be providing an essential financial service, were allowed to keep their doors open throughout the different phases of lockdown and...

For every Frasers Property, CapitaLand and Mapletree Investments, there is a Stamford Land, Thakral Corp and World Class Land. These are small developers that braved the stormy seas and Singapore’s small market to try their luck in Australia. Stamford Land for years has owned a portfolio of hotels...

In a rare occurrence, Sing Holdings and Aspial Corporation were tied as joint winners for the best earnings growth category for real estate firms in the Club. However, Sing Holdings did better elsewhere and has been named overall sector winner. Aspial Corp managed a CAGR of 54.2% in the three fina...

THE following companies saw new developments that may affect trading of their securities on Tuesday:

ASPIAL Corporation's bid to take its property developer subsidiary World Class Global (WCG) private via a scheme of arrangement has been sanctioned by the court on Monday, the jewellery group said in a Singapore Exchange filing that evening.

Maxi-Cash Financial Services has appointed Ng Kean Seen as its deputy CEO with effect from July 1. Ng’s role will assist the CEO for all aspects of the group’s operations. Ng’s last role was senior director of the jewellery business at Aspial-Lee Hwa Jewellery Singapore from December 2000 to J...

JEWELLERY group Aspial Corp will be taking its subsidiary World Class Global (WCG) private after gaining 98.48 per cent shareholder approval in a scheme meeting on Monday, the companies said in separate filings with the Singapore Exchange (SGX).

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No This move comes at the back...

THE following companies saw new developments that may affect trading of their shares on Monday: