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7 stories mentioning SGX:NXRUpdated 13d ago

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Japan

Singapore Shares Remain Resilient Amid Geopolitical Uncertainty; CSC Holdings Plunges 8%

Singapore shares closed in the green on Thursday after US president Donald Trump played down the prospect of a prolonged conflict with Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,733.90 and 5,782.96 throughout the day. It ended the session at 5,747.71, up 3.60 points or 0.1% compared to Wednesday's close.On the corporate front, shares of CSC Holdings (SGX:C06) plunged over 8% at the close even though it launched two new series of digital commercial paper under its SDAX commercial paper facility program.Centurion Accommodation REIT (SGX:8C8U) closed nearly 1% lower as it secured a SG$15 million uncommitted and unsecured revolving credit facility.Meanwhile, iWOW Technology (SGX:NXR) completed an SG$9.3 million post-completion payment to the vendor for its acquisition of Roots Communications.

^STISGX:8C8USGX:C06SGX:NXR
Asia

iWOW Closes SG$9 Million Post-Completion Payment for Roots Communications Acquisition

iWOW Technology (SGX:NXR) completed an SG$9.3 million post-completion payment to the vendor for its acquisition of Roots Communications.The payment comprised SG$5.6 million in cash and 11.2 million consideration shares issued at SG$0.3327 each, according to a Wednesday Singapore Exchange filing.Following the share issuance, iWOW's issued shares increased to 367.6 million from 356.4 million, excluding treasury shares.The new shares are expected to be listed and begin trading on the SGX Catalist on Sept. 7.

SGX:NXR
Asia

Singapore Shares Remain in Red Despite Regional Gains; UltraGreen.ai Plunges 35%

Singapore shares remained rooted in the red zone on Thursday, despite regional gains as regional indices snapped their losing streaks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,645.39 and 5,687.94 throughout the day. It ended the session at 5,671.91, down 22.33 points or 0.4% compared to Wednesday's close.On the corporate front, shares of UltraGreen.ai (SGX:ULG) plunged nearly 35% after it said there has been no material change to its business or outlook following US regulatory approvals for Zydus Lifesciences and Provepharm, which were highlighted in a Business Times article.Kimly (SGX:1D0) closed nearly 3% higher, with the coffee company looking to transfer from the Catalist board to the Mainboard of the Singapore Exchange.Meanwhile, iWOW Technology (SGX:NXR) said the final consideration for the acquisition of an entire stake in telecommunications solutions provider Roots Communications has been set at about SG$17.4 million.

^STISGX:1D0SGX:NXRSGX:ULG
Asia

IWOW Technology Finalizes Roots Communications Acquisition Price

IWOW Technology (SGX:NXR) said the final consideration for its acquisition of the entire stake in telecommunications solutions provider Roots Communications has been set at about SG$17.4 million, according to a Wednesday filing with the Singapore Exchange.The wireless internet of things solutions provider determined the amount by applying a six-times multiple to Roots' forward average net profit after tax of around SG$2.9 million over the relevant period ended March 31, keeping the sum within the SG$18 million cap.After an initial tranche of SG$8.1 million was paid at completion in January 2023, the remaining post-completion payment of around SG$9.3 million will be settled 60% in cash and 40% in shares.The share portion will be concluded via the issuance of around 11.2 million new shares at SG$0.3327 apiece.Shares of the technology solutions company were up nearly 2% in Thursday trading.

SGX:NXR
Asia

IWOW Technology Receives Listing Notice for Up to 66.7 Million Shares

IWOW Technology (SGX:NXR) received a listing and quotation notice from the Singapore Exchange for its proposed placement of up to 66.7 million shares at SG$0.225 per share, according to a Monday bourse filing.The Internet of Things solutions provider said the placement shares are subject to compliance with the listing requirements and are required to be placed out within seven market days from the date of the notice.

SGX:NXR
Asia

iWOW Technology Completes SG$11 Million Acquisition of Gentle Group

iWOW Technology (SGX:NXR) completed the acquisition of The Gentle Group for an aggregate purchase consideration of SG$10.9 million, according to a Thursday filing with the Singapore Exchange.The founder's aggregate consideration of SG$4.9 million comprises SG$1 million in cash, 8.9 million shares at SG$0.319 per share, and SG$1 million in deferred cash.

SGX:NXR
Asia

iWOW Technology Receives Nod to Issue Shares Tied to Gentle Group Purchase

iWOW Technology (SGX:NXR) received a listing and quotation notification from the Singapore Exchange for new shares to be issued linked with the company's proposed acquisition of The Gentle Group, according to a Monday bourse filing.Under the notification, the company will issue around 8.9 million shares at SG$0.319 per share as partial consideration for the acquisition of The Gentle Group.

SGX:NXR

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