FINWIRES · TerminalLIVE
FINWIRES

SGX:M14

4 stories mentioning SGX:M14

Every FINWIRES story that references SGX:M14, newest first.

Asia

InnoTek Sets Up Thai Subsidiary to Facilitate Liquid Cooling Contract

InnoTek (SGX:M14) established a new subsidiary in Thailand, Mansfield Technology (Thailand), to facilitate a newly won liquid-cooling components project, according to a Monday filing with the Singapore Exchange.The facility spans 10,974 square meters and will mass-produce for the initial liquid-cooling project starting in October.The company is expected to invest around SG$7.5 million in the project.The new facility complements the company's existing Rayong facility, which is currently undergoing an expansion and is slated to become operational during the third quarter of the year.

SGX:M14
Asia

InnoTek Opens Manufacturing Facility in Malaysia

InnoTek (SGX:M14) unveiled a manufacturing facility in Melaka, Malaysia, according to a Thursday filing with the Singapore Exchange.Shares of the precision metal components manufacturer were up nearly 1% in Friday trading.The 10,000-square-meter facility is part of the company's strategy to broaden its manufacturing presence in Southeast Asia and increase its production capacity.The facility comprises production and warehousing buildings, which will be operated through its subsidiary, Mansfield Manufacturing (M).Total capital investment for the facility was around SG$5 million, with operations expected to commence this year.

SGX:M14
Asia

InnoTek Completes SG$16 Million Private Placement

InnoTek (SGX:M14) raised SG$16 million through the private placement of 24.6 million shares at SG$0.6506 each, according to a Wednesday filing with the Singapore Exchange.Shares of the precision components manufacturer were down over 1% in Thursday trading.Proceeds will be deployed for initiatives in AI server components, liquid cooling, and new energy.Separately, the company's chief executive officer, Lou Yiliang, will undertake a vendor share sale on April 20, selling 6.15 million shares at SG$0.6506 each to raise about SG$4 million.

SGX:M14
Asia Markets

Singapore Shares Retreat, Track Regional Losses as Markets Asses Fragile US-Iran Ceasefire

Singapore shares closed lower on Thursday, tracking broader regional losses, with markets assessing the longevity of the US-Iran two-week ceasefire.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,974.34 and 5,009.89 throughout the day. It ended the session at 4,977.08, down 18.97 points or 0.4% compared to Wednesday's close.Meanwhile, US President Donald Trump reiterated his resolve to keep its military assets around Iran until a "real agreement" is made ahead of the crunch talks in Islamabad, Pakistan.In company news, shares of InnoTek (SGX:M14) were up nearly 5% at the close, with the company targeting to raise approximately SG$16 million through the placement of up to 24.6 million shares at SG$0.6506 per share.CDW (SGX:BXE) was down over 4% as the precision components provider reported three consecutive years of pre-tax losses for its three most recent financial years.Meanwhile, shares of Parkson Retail Asia (SGX:O9E, HKG:3368) closed nearly 2% higher as it proposed to renew its share purchase mandate at its 2025 annual general meeting.

^STISGX:BXESGX:M14SGX:O9E