Search results for: Singapore Exchange

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  • 26 September 2016
    Business & Finance

    The Baltic Exchange Limited (Baltic Exchange) shareholders approved the GBP 87 million takeover by Singapore Exchange on Monday following a period of extensive consultation with shareholders and other stakeholders. At the General Meeting held on September 26, immediately following the court meeting, the resolutions set out in the notice of the General Meeting included in the Scheme […]

  • 4 August 2016
    Business & Finance

    After months of discussions, Singapore Exchange (SGX) has made a formal offer of GBP 77.6 million (USD 102.2 million) for London’s Baltic Exchange. Namely, the shareholders are being offered GBP 160.41 in cash per Baltic share. It is contemplated that the Baltic shareholders will also receive from the Baltic Exchange a minimum of GBP 18.80 in cash per Baltic share, as […]

  • 3 August 2016

    By Anshuman Daga and Jonathan Saul SINGAPORE/LONDON (Reuters) – Singapore Exchange Ltd (SGX) is readying a formal offer to buy London’s Baltic Exchange following months of discussions that culminated in exclusive talks between both parties, sources familiar with the matter said on Tuesday. Founded in 1744, the privately-owned Baltic Exchange is no longer a forum […]

  • 20 October 2016
    Business & Finance

    UK’s Financial Conduct Authority (FCA) approved of Singapore Exchange’s acquisition of London-based Baltic Exchange Limited on October 13, the Baltic Exchange confirmed. The approval comes on the back of the green light received from Baltic Exchange’s shareholders on the GBP 87 million takeover deal following a period of extensive consultations. The Baltic Exchange said that, after the approval of the earlier agreed scheme […]

  • 31 March 2017

    Singapore Exchange and London-based interdealer broker Tullett Prebon have launched a liquefied natural gas (LNG) spot index for Dubai, Kuwait and India. The collaboration, that was announced earlier this year, seeks to “enhance price discovery and risk management” in one of the fastest-growing regions for spot LNG trading. “The DKI Sling offers a transparent and trusted reference […]

  • 18 June 2014

    Gazprom’s unrestricted American Depositary Shares were granted an introductory listing and included in the quotation list of the Singapore Exchange on June 17. “The listing of Gazprom’s GDRs on the Singapore Exchange is a significant result of the company’s efforts to broaden its investor base globally,” Gazprom said in a statement. “Investors from the Asia-Pacific region are getting access to Gazprom’s remarkable long-term growth. Gazprom is committed […]

  • 25 May 2016
    Business & Finance

    Singapore Exchange Limited (SGX) has entered into exclusive discussions with the Baltic Exchange Limited (Baltic) regarding an offer for the Baltic. As disclosed by the Baltic Exchange, the signing of this exclusivity agreement follows discussion with a number of interested parties. Other bidders included CME Group (CME.O), ICE (ICE.N) and Platts, according to Reuters. “The […]

  • 8 November 2016
    Business & Finance

    Singapore Exchange Limited (SGX) has finalized the acquisition of approved of London-based Baltic Exchange Limited, bringing together complementary strengths of Singapore and London, two of the world’s most important maritime centres. The parties said that the despatch of consideration and payment of the Special Dividend to Baltic Exchange shareholders is expected to take place on […]

  • 25 July 2016
    Business & Finance

    In light of the potential acquisition of London’s Baltic Exchange by Singapore Exchange (SGX), the Baltic Exchange today sent an agreement to each of its 48 shipbroking panellists for signature, which documents and reinforces existing processes established by the exchange and the panellists. The proposed agreement, which will become effective on and subject to completion of the acquisition, formalises the […]

  • 21 July 2017
    Business & Finance

    Rickmers Trust Management, the trustee-manager of Rickmers Maritime, has received an approval to delist from the Singapore Exchange as part of its efforts to wind up the Trust. The move comes on the back of the company’s inability to make a reasonable exit offer to unitholders, whether by way of a voluntary liquidation of the Trust’s assets and […]

  • 8 October 2014
    Business & Finance, Operations & Maintenance

    EMAS Offshore, formerly known as EOC, has made its debut today on the Main Board of the Singapore Exchange Securities Trading (SGX-ST), placing it as the first company to dual-list in Norway and Singapore for capital raising. The secondary listing on the SGX-ST will support the Group’s growth plans, and provide the Group with a […]

  • 26 February 2016
    Business & Finance

    Singapore Exchange Ltd has submitted a non-binding bid for the purchase of the Baltic Exchange, an iconic name in global shipping. Other bidders include CME Group (CME.O), ICE (ICE.N) and Platts, Reuters reports. The Baltic Exchange confirmed in a statement that it has received a number of exploratory approaches and that it is now in confidential discussions […]

  • 3 August 2016
    Business & Finance

    The Singapore Exchange (SGX) is preparing a formal offer to purchase London’s Baltic Exchange, after the parties entered exclusive talks on the acquisition in May, Reuters cited sources close to the matter. The sources added that both parties reached key milestones related to the acquisition. Following discussion with a number of interested bidders, which included CME Group […]

  • 28 June 2016
    Business & Finance

    Singapore Exchange (SGX) has extended the period of exclusive discussions to buy the London’s Baltic Exchange by two months. According to the new information, the deadline for the talks has been pushed from June 30, 2016 to August 31, 2016. The announcement comes on the back of the exclusivity agreement signed between the parties in May, which allowed the Baltic Exchange to consult […]

  • 25 August 2011

    Dart Energy Limited will undertake a substantial restructure, including a proposed listing of its international portfolio of coal bed methane (CBM) assets on the Singapore Exchange. This follows recent, unsolicited expressions of interest in the company’s international asset portfolio and a detailed strategic review. As part of this review, the board of Dart concluded that: […]

  • 5 October 2017
    Business & Finance

    Genting Hong Kong, a part of Genting Group, has received a green light from the Singapore Exchange Securities Trading Limited (SGX-ST) for its proposed voluntary delisting from the Main Board of the SGX-ST. Genting Hong Kong has a primary listing on the Main Board of the HKSE, and a secondary listing on the SGX-ST. Following the […]

  • 22 November 2016
    Project & Tenders

    Singapore Exchange and Tokyo Commodity Exchange signed a memorandum of understanding to work together on developing the LNG market in Asia.

  • 8 June 2016

    Singapore-listed offshore vessel provider Otto Marine has finally revealed the identity of the company aiming to take over its business. A week after it was first reported that Otto has been deemed a takeover target by a company advised by RHB Securities Singapore, Otto Marine on Wednesday revealed that the company in question is Ocean […]

  • 4 February 2016

    Singapore Exchange said in a report on Thursday it expects screen trading of liquefied natural gas to start in 2017 once liquidity builds. SGX, which recently revealed the first trade of the new SGX FOB Singapore SLInG LNG derivatives contract, said this in a white paper published on Thursday on the development of Asia’s LNG market. According […]

  • 18 September 2017

    Singapore Exchange has started trading the futures contract for liquefied natural gas (LNG) delivered to Dubai, Kuwait and India. 

  • 23 December 2015

    A 51%-owned subsidiary of COSCO Corporation (Singapore), Cosco Shipyard Group Co., Ltd, is currently exploring expansion of its sources of funding and optimising its asset structure, the company’s parent said in a stock exchange filing. “The process is still at a very preliminary stage and there is no certainty as to whether the matter will materialise,” […]

  • 26 April 2017
    Business & Finance

    London-based Baltic Exchange has unveiled plans to enhance maritime leadership role through the move into LNG and container indices and the development of post-trade digital maritime market infrastructure. The Baltic Exchange said that the work is already underway to develop the scope of the Baltic’s freight market information services as part of its plans, set out in a speech […]