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SGX:QS9

9 stories mentioning SGX:QS9Updated 6d ago

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Asia

Singapore Shares Decline Despite Robust US Jobs Report; Global Invacom Plunges 25%

Singapore shares fell on Monday, despite robust US jobs report which narrowed odds on a hike in interest rates.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,768.86 and 5,803.12 throughout the day. It ended the session at 5,792.28, down 9.68 points or 0.2% compared to Friday's close.In economic news, Singapore's total retail sales rose 1.5% year-over-year to SG$4.4 billion in July, following a 4.0% increase in the prior month, according to data from the Statistics Department.Meanwhile, Singapore government's total foreign reserves increased to SG$550.7 billion in August from SG$549.3 billion in July, according to data published by the Monetary Authority of Singapore.On the corporate front, shares of Global Invacom (SGX:QS9) plunged over 25% even as it raised around SG$4.8 million from its renounceable partially underwritten rights issue.Beng Kuang Marine (SGX:BEZ) closed nearly 5% higher as its subsidiary, Asian Sealand Offshore and Marine, secured a purchase order worth SG$7.4 million for works on a floating production storage and offloading vessel in Angola.Meanwhile, shares of Singapore Land Group (SGX:U06) were up nearly 2% at the close as it was awarded a residential site at Changi Road by the Urban Redevelopment Authority for SG$1.43 billion.

^STISGX:BEZSGX:QS9SGX:U06
Asia

Global Invacom Raises SG$5 Million From Rights Issue; Shares Plunge 21%

Global Invacom (SGX:QS9) has raised around SG$4.8 million from its renounceable partially-underwritten rights issue, according to a Friday filing with the Singapore Exchange.The satellite ground equipment provider received valid acceptances and excess applications for 112.7 million shares, with the remaining shares to be taken up by the underwriter.The shares were priced at SG$0.0035 apiece, and are expected to be listed on Sept. 9.Proceeds will be used to fund research and development, specialist resources, corporate expenses and working capital needs.Shares of the company plunged over 21% in Monday trading.

SGX:QS9
Asia

Global Invacom Lodges Offer Information Statement for Rights Issue

Global Invacom (SGX:QS9) has lodged its Offer Information Statement for its previously announced rights issue.The company will offer up to 140 million new shares at SG$0.035 each on a one-for-two basis, according to a Monday Singapore Exchange filing.The rights issue was initially announced in June.The rights trading period is scheduled to run from Aug. 18 to Aug. 26, with applications and payment closing on Sept. 1.

SGX:QS9
Asia

Global Invacom Gets In-Principle Nod for Dealing of 140 Million Rights Shares

Global Invacom Group (SGX:QS9) has received in-principle approval from Singapore Exchange Securities Trading for the dealing in up to 140 million rights shares on the bourse following its rights issue, according to a Tuesday filing.The company's shares were up over 2% in recent trade.Global Invacom received approval in June to raise up to SG$4.9 million for satellite technology expansion via a renounceable partially-underwritten rights issue of up to 140 million shares at SG$0.035 per share.Shareholders holding two shares will be entitled to subscribe for a rights share at SG$0.035 each.

SGX:QS9
Asia

Global Invacom Clarifies No Direct Exposure Following DISH DBS Bankruptcy Filing

Global Invacom (SGX:QS9) clarified that it has no direct exposure to the Chapter 11 bankruptcy filing of DISH TV subsidiary DISH DBS, according to a Thursday filing with the Singapore Exchange.The company said its business operations are tied directly to DISH TV rather than the filing entities, adding that it is not a trade creditor under the restructuring proceedings.

SGX:QS9
Asia

Singapore Shares Remain Upbeat on US-Iran Peace Deal; Global Invacom Crashes 17%

Singapore shares remained upbeat on Tuesday, tracking broader regional gains as investors' sentiment was uplifted by the US and Iran's deal to reopen the Strait of Hormuz.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,075.34 and 5,122.09 throughout the day. It ended the session at 5,116.86, up 39.57 points or 0.8% compared to Monday's close.On the corporate front, shares of Global Invacom (SGX:QS9) plunged nearly 17% with the company targeting to raise up to SG$4.9 million for satellite technology expansion via a renounceable partially-underwritten rights issue of up to 140 million shares at SG$0.035 per share.IX Biopharma (SGX:42C) closed over 8% lower as it unveiled plans to relocate its manufacturing equipment from its facility in Australia to a 503B-licensed plant in Nevada, U.S.Meanwhile, shares of Jardine Matheson (SGX:J36) closed nearly 4% lower as it unveiled a new $500 million share buyback program, slated for conclusion by the end of 2027.

^STISGX:42CSGX:J36SGX:QS9
Asia

Global Invacom to Raise SG$5 Million for Satellite Technology Expansion; Shares Plunge 15%

Global Invacom (SGX:QS9) is targeting to raise up to SG$4.9 million for satellite technology expansion via a renounceable partially-underwritten rights issue of up to 140 million shares at SG$0.035 per share, according to a Monday filing with the Singapore Exchange.Shares of the communications company tumbled over 15% in Tuesday's late-morning trading.Soochow Singapore Capital Markets has already agreed to underwrite 116 million shares, while Maybank Securities has been nominated as a sub-underwriter.

SGX:QS9
Asia

Singapore Shares Remain in Green Amid US-Talks; Global Invacom Surges 13%

Singapore shares remained in black on Tuesday, tracking regional gains as the US and Iran are set to meet for a second round of talks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,995.97 and 5,021.07 throughout the day. It ended the session at 5,014.96, up 10.89 points or 0.2% compared to Monday's close.On the corporate front, shares of Global Invacom (SGX:QS9) surged nearly 13% at the close as its UK subsidiary signed a deal with Premix-Hadlock to become the exclusive worldwide distributor of Prodelin antennas.Aspial Lifestyle (SGX:5UF) closed nearly 4% higher as it priced SG$28 million worth of 5.10% bonds due 2029, under its SG$300 million multicurrency medium-term bond program.Meanwhile, shares of ISOTeam (SGX:5WF) were up nearly 4% at the close as it secured SG$30 million worth of contracts.

^STISGX:5UFSGX:5WFSGX:QS9
Asia

Global Invacom Bags Exclusive Global Distribution Deal for Prodelin Antennas

Global Invacom (SGX:QS9) said its UK subsidiary signed a deal with Premix-Hadlock to become the exclusive worldwide distributor of Prodelin antennas, according to a Tuesday filing with the Singapore Exchange.Approved by satellite operators Intelsat and Eutelsat, Prodelin antennas provide cost-effective connectivity and quality solutions for Very Small Aperture Terminal (VSAT), cellular backhaul, and a range of ground station applications for government and defense communication.Shares of the satellite products supplier surged nearly 14% in Tuesday's afternoon trade.

SGX:QS9

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