5 stories mentioning SGX:EGXUpdated 3d ago
Every FINWIRES story that references SGX:EGX, newest first.
EGP Energy (SGX:EGX) has established a step-down subsidiary in Singapore called EGP Infrastructure Investments to support business expansion into Malaysia and Indonesia, according to a Wednesday filing with the Singapore Exchange.The entity's SG$100 initial share capital is wholly owned by the group's subsidiary, EGP Smart Energy.The electrical infrastructure company's shares were up nearly 1% in recent trade.
Singapore shares recovered to surge on Wednesday, despite most regional indices ending in the negative territory over rising oil prices and expectations of a tighter monetary policy.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,699.59 and 5,744.11 throughout the day. It ended the session at 5,744.11, up 33.74 points or 0.6% compared to Tuesday's close.On the corporate front, shares of RH Petrogas (SGX:T13) closed over 5% higher as its well-testing operation at the Northwest Klagagi-1 well in Indonesia confirmed strong gas-condensate deliverability, along with an unexpected oil discovery.EGP Energy (SGX:EGX) was down nearly 1% at the close as it secured a new transmission and distribution project worth around SG$6.2 million.Meanwhile, shares of Frencken Group (SGX:E28) were down nearly 1% at the close as it received approval-in-principle from the Singapore Exchange Securities Trading on Sept. 1 for the listing and quotation of 44.1 million new shares to be issued under its proposed placement.
EGP Smart Energy, a subsidiary of EGP Energy (SGX:EGX), has secured two transmission and distribution projects worth around SG$2.6 million from an undisclosed infrastructure customer, according to a Thursday filing to the Singapore stock exchange.With this, the group's order book has increased to SG$298.8 million.The company's shares were up nearly 1% in recent trade.
EGP Energy (SGX:EGX) unit EGP Smart Energy has secured a transmission and distribution project worth about SG$1.1 million to supply a 66 kilovolt switchgear for a battery energy storage system in Singapore.The project is expected to be completed by the first quarter of 2027, according to a Wednesday Singapore Exchange filing.The customer is a Singapore-based engineering company providing mechanical and electrical engineering services, technical manpower and equipment sourcing.The contract lifts EGP Energy's order book to SG$302.4 million, with projects scheduled for progressive completion through 2031.
EGP Energy (SGX:EGX) shares opened nearly 8% higher on their Singapore debut Wednesday morning.The shares were up nearly 22% in recent trade.The company's admission to the Singapore stock exchange follows its IPO, which raised total gross proceeds of approximately SG$30.6 million.The IPO was oversubscribed by 17.6% and closed on Monday.
