Singapore

China Jinjiang Environment Holding Co has bagged S$184.3m ($135.8m) after wrapping up a Singapore listing, in a rare transaction from a mainland company.

The Singapore Exchange’s reputation took a beating after its longest ever trading disruption last week, although the incident had minimal impact on equity capital market desks, said bankers.

Singapore’s authorities are set to take action against multiple banks where they have discovered failings in anti-money laundering controls relating to Malaysia’s scandal-hit investment fund 1MDB.

Invitations are out for commodities trader Trafigura’s annual Asian financing, which as in the past couple of years includes a renminbi tranche.

EC World Real Estate Investment Trust has sealed its S$346.4m ($255.2m) Singapore listing after a wealth of interest from Chinese investors pushed pricing near the top of guidance, according to a source close to the IPO.

Just a few weeks apart, announcements were recently made by the Stock Exchange of Hong Kong (HKEX) and Singapore’s SGX respectively about changes to front line regulatory functions they perform. The approaches under these proposals couldn’t have been more different, writes Philippe Espinasse.

Commodities trader Trafigura is expected to launch its annual Asia-focused syndicated loan shortly, with the firm having sent invitations for roadshows in the region.

The Singapore Exchange (SGX) said following a post-mortem into its longest trading disruption last week that it is yet to find out why its backup system failed to kick in after a hardware malfunction.

BNP Paribas is losing a loan syndicate banker in Singapore, according to two sources.

China Jinjiang Environment Holding Co has told investors that its S$184.34m ($137m) Singapore IPO is comfortably covered, as the fixed price offering appears poised to sail through.

Oversea-Chinese Banking Corp has merged its two subsidiaries in the Mainland — OCBC Bank (China) and Wing Hang Bank (China) — in a bid to comply with the country’s single presence policy for foreign lenders.

The Singapore Exchange (SGX) is planning to create a separate subsidiary that will assume all of its front-line regulatory functions, as the bourse looks to separate its commercial and regulatory roles.