SG Morning Highlights: Indonesia tech firm GoTo seeks approval to issue 118.44 billion shares

Moomoo News SG wrote a column · May 24, 2022 09:02

SG Morning Highlights: Indonesia tech firm GoTo seeks approval to issue 118.44 billion shares

Good morning mooers! Here are things you need to know about today's Singapore:

●Singapore shares opened higher on Tuesday; STI up 0.11%

●Indonesia tech firm GoTo seeks approval to issue 118.44 billion shares

●Stocks to watch: Yangzijiang Financial, CICT, StarHub, OUE, OUELH

●Latest share buy back transactions

-moomoo News SG

Market Trend

Singapore shares opened higher on Tuesday. The $富時新加坡海峽指數(.STI.SG)$ increased 0.11 per cent to 3,217.28 as at 9:00 am.

Advancers / Decliners is 70 to 36, with 64.85 million securities worth S$57.32 million changing hands.

Breaking News

Indonesia tech firm GoTo seeks approval to issue 118.44 billion shares

Indonesia's biggest tech company GoTo Gojek Tokopedia intends to issue a maximum amount of 118.44 billion of shares worth around 10 per cent of its total capital through a private placement.

The private placement will be put forward for shareholder approval at GoTo's annual general meeting on Jun 28, it said in a statement on Friday (May 20).

The tech company seeks to raise funds to support its own working capital and for its subsidiaries like its e-commerce unit Tokopedia, according to the statement.

Stocks to Watch

$YZJ Fin Hldg (YF8.SG)$ : Yangzijiang Financial Holding, the spin-off from Yangzijiang Shipbuilding, will host an extraordinary general meeting on June 8 to seek shareholders’ approval for the company to adopt a share buyback mandate, it announced in a bourse filing on Monday (May 23).

The proposed mandate is to allow the company to buy back up to 10 per cent of its own issued ordinary share capital.

$CapLand IntCom T (C38U.SG)$ & $StarHub (CC3.SG)$ : THE leases of 3 properties belonging to Capitaland Integrated Commercial Trust are being renewed with Temasek subsidiaries, triggering an interested persons transactions announcement.

CICT will be renewing leases between StarHub Temasek Foundation and a new service agreement with Certis Cisco. StarHub and Certis Cisco are subsidiaries of Temasek while Temasek Foundation is an associate of Temasek.

$OUE (LJ3.SG)$ & $OUE Healthcare (5WA.SG)$ : 3 medical specialist groups and Echo Healthcare Management, a joint venture by OUE and OUE Lippo Healthcare, have formed a partnership called Echo Healthcare Services.

The new joint venture will have Echo Healthcare Management holding a 60 per cent stake while the founders of the medical specialists groups will hold the remaining 40 per cent stake collectively.

Latest Share Buy Back Transactions