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SGX:QZG

6 stories mentioning SGX:QZGUpdated 4d ago

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Asia

Singapore Shares Track Regional Losses as AI Concerns Grow

Singapore shares declined more than 1% at the close on Tuesday as the entire region incurred similar losses backed by a heavy sell-off of US semiconductor shares due to concerns over AI development growth.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,632.16 and 5,720.91 throughout the day. It ended the session at 5,638.64, down 79.38 points or 1.4% compared to Monday's close.On the corporate front, shares of EuroSports Global (SGX:5G1) surged over 6% at the close as it signed a non-binding term sheet with Helios Power Systems to explore a strategic joint venture for the international distribution of Helios' heavy-duty commercial vehicles..Accrelist (SGX:QZG) rose nearly 4% at the close as its subsidiary, Accrelist Crowdfunding, signed 12 share sale agreements to dispose of 60 million shares in MClean Technologies.Meanwhile, Lincotrade & Associate's (SGX:BFT) shares were up nearly 2% at the close as its subsidiary, Lincotrade Capital, raised its stake in joint venture company Linc-A to 60% and signed a shareholders' agreement with its two JV partners.

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Asia

Accrelist Unit Disposes of 60 Million Shares in MClean Technologies; Shares Down 4%

Accrelist's (SGX:QZG) subsidiary, Accrelist Crowdfunding, signed 12 share sale agreements to dispose of 60 million shares in MClean Technologies, according to a Monday filing with the Singapore Exchange.The total consideration for the share disposal is 30 million ringgit, at 0.5 ringgit apiece.The disposal will cut the medical aesthetics company's stake to 4.17%.Shares of the company were down over 4% in Tuesday trading.

SGX:QZG
Asia

Correction: Singapore Shares Closed Wednesday in the Green Ahead of the US Federal Reserve Policy Decision

(Corrects the highest and lowest ranges of the STI Index since the indices reported global interruption, which impacted the accuracy from their service provider)Singapore shares remained in the green zone on Wednesday, tracking broader regional gains as investors awaited the US Federal Reserve's upcoming policy decision under chairman Kevin Warsh.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,140.77 and 5,194.908 throughout the day. It ended the session at 5,176.46, up 59.60 points or 1.2% compared to Tuesday's close.In economic news, Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data.Meanwhile, Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month, according to data from Enterprise Singapore.On the corporate front, shares of Keppel (SGX:BN4) rose over 1% at the close as it signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system.Accrelist (SGX:QZG) closed nearly 2% lower as it signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan.

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Asia

Singapore Shares Stay in Green as US Federal Reserve Policy Decision Nears

Singapore shares remained in the green zone on Wednesday, tracking broader regional gains as investors awaited the US Federal Reserve's upcoming policy decision under chairman Kevin Warsh.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,120.18 and 5,196.96 throughout the day. It ended the session at 5,176.46, up 59.60 points or 1.2% compared to Tuesday's close.In economic news, Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data.Meanwhile, Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month, according to data from Enterprise Singapore.On the corporate front, shares of Keppel (SGX:BN4) rose over 1% at the close as it signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system.Accrelist (SGX:QZG) closed nearly 2% lower as it signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan.

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Asia

Accrelist Signs Non-Binding Term Sheet for China Aesthetics Deal

Accrelist (SGX:QZG) signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan, according to a Tuesday filing with the Singapore Exchange.Shares of the aesthetics company fell nearly 2% in Wednesday trading.The deal is structured around the target meeting net profits of at least 2 million yuan annually over three financial years.The move is part of the company's strategy to capture China's growing medical aesthetics market.

SGX:QZG
Asia

Accrelist Names CEO

Accrelist (SGX:QZG) named Derek Cheong Sheng Ze as the company's chief executive officer, effective June 16, according to a same-day filing with the Singapore Exchange.Shares of the medical aesthetics company were down nearly 2% in Wednesday trading.Derek was previously the chief strategic officer of Thong World.

SGX:QZG

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