Cleantech Solar bags $104.36m green loan for 500MW solar projects

23 Jun 2020 - Singapore Business Review
Proceeds will be used to finance its expansion across Southeast Asia. Singapore-based commercial and industrial (C&I) solar PV developer Cleantech Solar has secured a $104.36m (US$75m) green loan from ING Bank N.V., Singapore Branch for building over 500MW of solar power projects, according to a press ...
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China punishes Tencent, ByteDance apps in renewed clampdown

23 Jun 2020 - The Edge Markets
(June 23): China has penalized 10 of the country’s most popular livestreaming apps, suspending some of their operations in a renewed crackdown on fast-growing services backed by Tencent Holdings Ltd. and ByteDance Ltd. Regulators singled out ByteDance’s Xigua and three apps run by Tencent-backed firms ...

Hong Kong Chief Executive Carrie Lam says she still hasn't seen draft security law

23 Jun 2020 - The Edge Markets
(June 23): Hong Kong’s leader acknowledged that she still hasn’t seen a full draft of China’s pending national security legislation, even though the measure could be handed down in a matter of days. Officials in the Asian financial centre have defended the controversial law based on details published ...

Mapletree Industrial Trust launches private placement to raise $350 mil to fund acquisition of data centres

23 Jun 2020 - The Edge Markets
SINGAPORE (June 23): Following the announcement of its acquisition, the manager of Mapletree Industrial Trust (MINT) stated on Tuesday that it has launched a proposed private placement of 128.1 new units to eligible institutional, accredited and other investors at an issue price of between $2.732 and ...
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Surge in Latin American infections and a fresh wave of cases in Beijing brings total number of Covid-19 infections to 9 mil

23 Jun 2020 - The Edge Markets
(June 23): The number of new cases around the globe reached a record, fueled by a surge in Latin America, the World Health Organization said. Total infections surpassed 9 million. Hong Kong recorded 30 new imported cases Monday, the biggest single-day increase since April 3. Delta Air Lines resumed flights ...

MIT to raise $350m through private placement

23 Jun 2020 - Singapore Business Review
Most of the proceeds will be used in acquiring 14 data centres in the US. Mapletree Industrial Trust (MIT) has proposed a private placement of 128.11 million new units to raise gross proceeds of $350m, an SGX filing revealed. It will be available to eligible institutional, accredited and other investors ...
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Over 500 SMEs to benefit from Grow Digital initiative

23 Jun 2020 - Singapore Business Review
There are currently five B2B platforms and six B2C solution partners pre-approved. More than 500 small and medium-sized enterprises (SMEs) in Singapore have gained access to new overseas markets digitally, through digital platforms under the government’s Grow Digital initiative, a press release revealed. ...

Investments flood Singapore fintechs in April, May after quiet Q1: study

23 Jun 2020 - Singapore Business Review
Total equity funding reached a record-high $462m. Singapore-headquartered fintechs saw a sharp increase in investments in April and May, a recovery from the downturn seen in Q1, as investors injected funds into large firms relevant to the current environment, according to a BCG FinTech Control Tower ...
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OCBC is APAC's top lead arranger of green loans from 2018 to 2020YTD

22 Jun 2020 - Singapore Business Review
Singapore’s OCBC and DBS accounted for $5.47b of such loans. Oversea-Chinese Banking Corporation (OCBC) is the top lead arranger of green and sustainability-linked syndicated and club loans for Asia Pacific corporates excluding Japan from 2018 to 2020 year to date, according to date compiled by fixed ...
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China’s Maple Leaf to buy Singapore’s Canadian International School for $680 mil

22 Jun 2020 - The Edge Markets
(June 22): China Maple Leaf Educational Systems Ltd. has agreed to acquire one of the largest international schools in Singapore in a deal valued at $680 million. The Hong Kong-listed firm is buying all of the issued shares in Singapore’s Canadian International School from Southern Capital Group Pte ...