singapore

The list of last month's IPOs in Asia was topped by two real estate IPOs in Singapore.

Instead of hoping for the usual exit route of an IPO, backers of Singapore Life are aiming for a reasonable buyout in the future.

Biofourmis, which uses bio-sensor technology and personalised predictive analytics, is moving to Boston after raising another $35 million. Next stop IPO.

All the winners from Singapore, Sri Lanka, South Korea, Taiwan, Thailand and Vietnam.

As creditors like BNP Paribas press the Singapore-listed firm for payment, Hyflux is racing against a debt restructuring deadline to find a new white knight.

Hyflux faces fresh potential claims over its plant in Algeria, while the Singapore state utility board and Maybank are taking over its Singapore plant.

CWT International's default on $270 million loans means that its assets could be seized by creditors as early as Wednesday morning.

The Singapore-headquartered ride-hailing app said it plans to raise $6.5 billion by the end of this year and to ink at least six further deals.

The proposed merger between OUE Commercial Reit and OUE Hospitality Trust signals a growing trend where Reit mangers combine assets for stronger liquidity and financing capacity.