SGX:E3B

5 stories mentioning SGX:E3BUpdated 7d ago

Every FINWIRES story that references SGX:E3B, newest first.

Singapore Shares Incur Losses as US Carries Out Strikes on Iran

Singapore shares closed in red on Wednesday, losing more than 1%, tracking regional losses as investor sentiment took a hit following a series of strikes on Iranian military sites by the US following the downing of an American helicopter.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,939.53 and 5,015.17 throughout the day. It ended the session at 4,958.85, down 64.40 points or 1.3% compared to Tuesday's close.On the corporate front, shares of Wee Hur Holdings (SGX:E3B) were up over 2% at the close as the developer acquired a 26-story office tower in Hong Kong named One Bedford Place.Pan-United's (SGX:P52) shares were down over 1% as its subsidiary, AiR Digital Solutions, secured an ISO/IEC certification for its AI-powered operations management platform.Meanwhile, Singapore Post (SGX:S08) unveiled a SG$30 million automated sortation hub at the Tampines Regional eCommerce Logistics Hub.

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Asia8d ago

Wee Hur Buys Distressed Hong Kong Office Tower

Wee Hur Holdings (SGX:E3B) has acquired a 26-story office tower in Hong Kong named One Bedford Place, according to a filing with the Singapore Exchange on Tuesday.Shares of the property developer were up over 2% in Wednesday trading.Wee Hur intends to convert the tower into a 500-bed student housing project, with operations expected to start in the first half of 2028.Bank of East Asia has assumed control of the property after developer Lofter Group encountered financial difficulties in managing the distressed asset, according to a Tuesday report by the South China Morning Post.

SGX:E3B

Asia12d ago

Wee Hur Enters Hong Kong Student Accommodation Market

Wee Hur (SGX:E3B) has made a foray into Hong Kong's purpose-built student accommodation (PBSA) market through a joint venture with Starvia Holdings, according to a Friday filing with the Singapore Exchange.The company has secured a master lease over Starvia by Y Suites on Fortress Hill, which comprises 246 beds across 19 stories. Leasing expected to start in the second half of 2026.The move expand the company's PBSA portfolio and grants it entry into a new market, while addressing Hong Kong's forecasted PBSA shortfall of around 120,000 beds by 2028.

SGX:E3B

Asia34d ago

Singapore Shares Edge Lower Amid Regional Foreign Exchange Reserve Slump

Singapore shares ended in the red zone on Thursdaay once more, as investors weighed a volatile geopolitical landscape against a backdrop of shrinking foreign exchange reserves across Asian markets.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,980.53 and 5,015.09 throughout the day. It ended the session at 4,995.94, down 8.02 points or 0.2% compared to Wednesday's close.On the corporate front, shares of AEM (SGX:AWX) surged nearly 19% at the close as the semiconductor solutions provider reported a 329% increase in its net profit during the first quarter of the year to SG$14.3 million from SG$3.3 million a year earlier.Singapore Post's (SGX:S08) shares closed over 5% lower, as its attributable profit to equity holders fell 82% in the fiscal second half ended March 31 to SG$41.2 million from SG$222.5 million a year earlier.Meanwhile, shares of Wee Hur (SGX:E3B) were down over 1% even as the company's private residential development in Singapore, Bartley Vue, secured a temporary occupation permit.

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Asia35d ago

Wee Hur's Singapore Residential Development Secures Temporary Occupation Permit

Wee Hur's (SGX:E3B) private residential development in Singapore, Bartley Vue, secured a temporary occupation permit, according to a Wednesday filing with the Singapore Exchange.Shares of the property developer were down nearly 1% in Thursday trading.The 115-unit development sold fully at an average price of about SG$1,850 per square foot.Handover is expected to commence later this month, the filing added.

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