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38-632: The building is owned by Inverfin Sdn Bhd, which is in turn, equally owned by Hap Seng Consolidated Bhd and Menara Citi Holding Co. Hap Seng Consolidated obtained its 50% stake in Inverfin in August 2009 from CapitaLand (30%) and Amsteel Corp Bhd (20%) (a Lion Group subsidiary), following IOI Group ’s decision not to proceed with the acquisition of the same which it had bid for a year earlier. In May 2010, Hap Seng Consolidated indicated its interest to acquire

76-533: A dark pool trading platform. On 8 June 2010, SGX announced it has opened an office in London. This is part of SGXs move to invest S$ 250 million into its Reach initiative. By implementing this initiative, SGX plans to create the world's fastest trading engine and a data centre as well as further connecting trading communities in the world to Singapore. The new trading platform, SGX Reach, will be delivered to SGX by NASDAQ OMX , Voltaire and HP . This platform

114-788: A 4.99% stake in SGX. Since then the value of the shares has declined and the Tokyo Stock Exchange, Inc. has made a decision to sell the shares it holds in SGX to its parent company, the Tokyo Stock Exchange Group, Inc. On 31 January 2008, SGX acquired a 20% stake in Philippine Dealing System Holdings Corp , which has become an associated company of SGX. On 18 April 2008, SGX opened a representative office in Beijing . At

152-606: A joint venture between SGX and Chicago Board of Trade (CBOT) became operational. However, this joint venture was cancelled in November 2007, with CME Groups selling of its 50% stake in the joint venture to SGX. The contracts previously traded on JADE were transferred to SGX's QUEST trading platform. In March 2007, SGX bought a 5% stake in Bombay Stock Exchange for 42.7 million dollars. On 15 June 2007, Tokyo Stock Exchange, Inc. announced that it had acquired

190-549: A merger to form a company eventually owning about $ 18 billion in assets, making it the largest listed property company in Southeast Asia when completed. Although this followed a new measure imposed by Monetary Authority of Singapore to separate financial and non-financial activities of banking groups on 21 June 2000, DBS Bank had already divested most of its investments in DBSL and was holding 5.4% of DBSL, well below

228-595: A new 15-year lease. On 14 January 2019, the Group announced that it would acquire Ascendas-Singbridge, a real estate group, from Temasek Holdings in an S$ 11B deal, which was completed on 30 June 2019. On 3 July 2019, it announced that Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust would be merged into The Ascott Limited , forming Asia's largest hospitality trust with S$ 7.6b in combined assets. On 29 September 2020, unitholders of CapitaLand Mall Trust and CapitaLand Commercial Trust voted in favour of

266-579: A portfolio of 27 data centres across Asia and Europe. These include facilities in South Korea, Singapore, China , and India, where it is currently developing data centres in Navi Mumbai , Chennai, Hyderabad, and Bangalore. The company's data centres provide colocation services for various clients, including cloud service providers and large enterprises. Asia Europe Singapore Exchange Singapore Exchange Limited ( SGX Group )

304-521: A suite of OTC derivative products to reduce counter-party risks and increase liquidity. It introduced OTC trade registration and clearing for a wide range of forward freight agreements (FFA), and oil swaps. Shortly thereafter, it launched the world's first clearing and settlement of iron ore swaps and has since become the world's largest clearer of iron swaps. On 25 September 2006, the Joint Asian Derivatives Exchange (JADE),

342-594: Is a Singapore -based exchange conglomerate, operating equity , fixed income , currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and data services. SGX Group is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation . It is ASEAN 's second largest market capitalization after Indonesia Stock Exchange at US$ 609.653 billion as of September 2023. SGX

380-442: Is a substantial shareholder with a 5% stake or more. Relationships between chairman and CEO must be disclosed if they are immediate family members. There will be a proposed 9 year limit on independent directors as a hard limit, or the appointment of independent directors who have served more than nine years to be put to an annual vote requiring approval from majority of all shareholders and majority of non-controlling shareholders, with

418-686: Is based on GENIUM , a trading platform developed by NASDAQ OMX. In November 2016 the Singapore Exchange (SGX) acquired the Baltic Exchange , headquartered in London. In February 2011, SGX has entered a partnership with NASDAQ OMX to provide a suite of tools and solutions for companies, which is designed to support listed companies in Asia. SGX plans to introduce dual currency trading of securities, which includes stocks, bonds and other listed investments in two different denominations,

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456-408: Is used by the exchange for derivatives and securities trading. As of 31 January 2010, SGX had 774 listed companies with a combined market capitalisation of S$ 650 billion. The revenues of SGX are mainly from the securities market (75%) and derivatives market (25%). SGX reported a net profit of $ 165.8 million for the first half of its financial year 2010. Excluding non-recurring items, net profit

494-547: The Singapore Stock Exchange under the trading name CapitaLandInvest and stock code, 9CI. In 2005, CapitaLand established CapitaLand Hope Foundation. In 2011, CapitaLand set up CapitaLand Hope Foundation (China) to spearhead new initiatives in China. In 2019, it further expanded its community support by establishing CapitaLand Hope Foundation (India). On 12 July 2000, DBS Land (DBSL) and Pidemco Land announced

532-519: The Tokyo Stock Exchange , which is the second largest shareholder in SGX. A representative of the TSE said SGX's bid for ASX "would flag off a race to consolidate". TSE chief Atsushi Saito fears isolation of the Tokyo Stock Exchange as a result of the takeover. SGX revised its initial takeover proposal in an attempt to overcome some of the opposition to the plans. This would have decreased

570-556: The 20% shareholding threshold for non-core banking activities under the new measure. More details of the merged entity were given on 31 July 2000. Named as CapitaLand on 6 September 2000, the merger was approved by shareholders on 18 October 2000 and was thus officially launched on 28 November 2000. In 2002, CapitaLand's portfolio of REITs expanded to include CapitaLand Ascott Trust, CapitaLand China Trust, CapitaLand Ascendas REIT, CapitaLand India Trust and CapitaLand Malaysia Trust. On 13 September 2012, CapitaLand announced that it

608-753: The Indian state of Pune for 7.73bn Indian rupees (€86m). Also in March 2024, Amsterdam-based Bouwinvest Real Estate Investors invested $ 75 million for the $ 600 million CapitaLand Ascott Residence Asia Fund II (CLARA II). In August 2021, CapitaLand's shareholders voted in favour of the company to restructure its business to form two distinct entities – CapitaLand Investment and CapitaLand Development. CapitaLand's integrated developments include ION Orchard and The Orchard Residences , Ascott Orchard Singapore and Cairnhill Nine, as well as Raffles City. in Singapore with

646-542: The Singapore and US dollar on 2 April 2012. In October 2013, excessive speculation led to the sharp price fall of three mainboard stocks, Blumont Group Ltd, Asiasons Capital Ltd. and LionGold Corp. SGX and the Monetary Authority of Singapore (MAS) launched a review of activities around the three stocks, and in February 2014 jointly issued a consultation paper setting out a number of enhancements to strengthen

684-506: The beginning of 2008, SGX reached an agreement to buy at least 95% of Singapore Commodity Exchange. On 30 June 2008, SGX completed the acquisition of Singapore Commodity Exchange Ltd (SICOM), which now is a 100% subsidiary. In August 2009, SGX formed a joint venture with Chi-X Global , called Chi-East. At the beginning of October 2010, this joint venture received approval from the Monetary Authority of Singapore to operate

722-525: The companies listed on SGX NASDAQ . In order to be listed on the mainboard, a company has to fulfill some requirements set forth by SGX, while a listing on NASDAQ is not tied to the fulfilment of any additional conditions. SESDAQ was replaced on 26 November 2007 by the SGX Catalist after an extensive study of other market models and a public consultation in May 2007. The word "Catalist" is an amalgamation of

760-1007: The company's serviced residence brands include Ascott, Citadines, Oakwood, lyf, Quest, Somerset and The Crest Collection. It possesses approximately 790 properties. CapitaLand's commercial spaces include offices and integrated developments across Singapore, China, Germany, Japan and Vietnam. Commercial office buildings in CapitaLand's portfolio include Asia Square Tower 2, Capital Tower , CapitaGreen , CapitaSpring, Six Battery Road , One George Street and Raffles City Tower in Singapore; Capital Square and Innov Center in Shanghai, China, as well as Main Airport Center and Gallileo in Frankfurt, Germany. CapitaLand's portfolio of residential developments includes The Interlace, d’Leedon, Sky Vue and Sky Habitat. Recent redevelopments include

798-459: The link will cover the clearing and settlement of traded stocks, procedures required for post-trading arrangements. Before the launch of the link, cross-border supervisory and enforcement arrangements will be worked upon by the Monetary Authority of Singapore and Securities Commission Malaysia . After the results of the 2018 Malaysian general election , plans for the stock market link were put on hold. On 21 January 2020, Singapore Exchange (SGX)

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836-556: The listing of CapitaLand Mall Trust in 2002, CapitaLand's portfolio of REITs has expanded to include CapitaLand Ascott Trust, CapitaLand China Trust, CapitaLand Ascendas REIT, CapitaLand India Trust and CapitaLand Malaysia Trust. In August 2021, CapitaLand's shareholders voted in favour for the company to restructure its business to form two distinct entities; CapitaLand Investment (CLI), its real estate investment management business; and CapitaLand Development, its privately held property development arm. Later on 20 September, CLI debuted on

874-465: The mall with CDL, CapitaLand, via Ascott Residence Trust, owned and managed Somerset Liang Court Singapore, attached to Liang Court mall. In November that same year, CapitaLand sold The Star Vista to co-owner Rock Productions for US$ 217 million. The Ascott Limited , a wholly owned subsidiary of CapitaLand, opened The Ascott Singapore in 1984. In 2006, it established the world's first Pan-Asian serviced residence REIT, Ascott Residence Trust. Today,

912-502: The merger of both REITs to form CapitaLand Integrated Commercial Trust, which would become the largest Singapore REIT and one of the largest REITs in the Asia Pacific with an asset base of S$ 22.4 billion. On 22 March 2021, CapitaLand Group announced the proposed restructuring of its business. With the restructuring, the Group formed two entities – CapitaLand Investment (CLI), the real estate investment management business which

950-502: The number of Singaporean citizens on the board of the combined company and would have given addition seats to Australians. However, on 8 April 2011, the Treasurer of Australia , Wayne Swan , made the decision to block the merger between the two exchanges. Upon the announcement that the federal government would block the merger, SGX retracted its bid for ASX shares and decided to seek growth opportunities elsewhere. As of July 2012, SGX

988-509: The old Pearl Bank Apartments into the One Pearl Bank, which is slated for completion in 2023; as well as CanningHill Piers on the site of the former Liang Court, scheduled for completion in 2025. CapitaLand's homes can be found in Singapore, China, Indonesia, Malaysia and Vietnam. The latest project is the redevelopment of JCube shopping mall into a mixed development with a residential component called J'Den. CapitaLand has developed

1026-1579: The opening of Raffles City Singapore in 1986, there are now 10 other Raffles City developments in seven gateway cities in China, including the latest Raffles City The Bund and Raffles City Chongqing . One of CapitaLand's most recently completed developments is CapitaSpring (comprising an office tower and serviced residence), a 280m tall skyscraper in Raffles Place. CapitaLand holds retail investments in Singapore, China, Malaysia, Japan, Cambodia and Vietnam. In Singapore, its 20 malls include Bedok Mall , Bugis Junction , Bugis+ , Funan , IMM , ION Orchard , JCube (defunct), Plaza Singapura , Raffles City Singapore , Westgate , Jewel Changi Airport and Junction 8 . It owns 46 malls in China, including CapitaMall Xizhimen in Beijing, CapitaMall Hongkou in Shanghai and Raffles City Shanghai , CapitaMall SKY+ in Guangzhou, Suzhou Center, and Raffles City Chongqing . In Malaysia and Japan, it holds investments in Gurney Plaza and Queensbay Mall in Penang, Malaysia; and Olinas Mall in Tokyo . In June 2019, CapitaLand, partnering with City Developments Limited (CDL), acquired Liang Court from mall operator AsiaMalls, an entity linked to PGIM Real Estate, for S$ 400 million. Before co-owning

1064-631: The remaining 50% stake in building sometime in the future. Citibank Tower has a basement parking facility for its employees and visitors. This article about a Malaysian building or structure is a stub . You can help Misplaced Pages by expanding it . CapitaLand CapitaLand is a Singaporean headquartered company focusing on investment, development and management of real estate. It has locations in more than 260 cities in over 40 countries. CapitaLand has six listed real estate investment trusts and business trusts, as well as about 30 private vehicles. Since it pioneered REITs in Singapore with

1102-550: The securities market and protect investors from speculative and market manipulative behaviour. Enhancements included implementing a minimum trading price for mainboard listed issuers, requiring reporting of short positions and the creation of three independent regulatory bodies. On 6 February 2018, the Singapore Exchange (SGX) and Bursa Malaysia announced a proposed stock market trading link which will be operational by end-2018. The new link will allow investors to conduct trading of shares in an efficient manner. In addition to trading,

1140-660: The third exchange in Asia-Pacific to be listed via a public offer and a private placement after Australian Securities Exchange; which listed in 1998 and Hong Kong Stock Exchange earlier in 2000. Listed on its own bourse, the SGX stock is a component of benchmark indices such as the MSCI Singapore Free Index and the Straits Times Index . In May 2006, SGX launched Asia's first over-the-counter (OTC) clearing platform named SGX AsiaClear for

1178-499: The words "Catalyst" and "List", to reflect the idea that the Catalist board could be used as a catalyst to propel growth upon listing. Catalist differs from SESDAQ primarily in its use of a sponsor system to determine a prospective company's suitability to list and as a corporate advisor to advise on listing and corporate governance issues. The exchange launched SGX QUEST (SGX Quotation and Execution System) in August 2004. The system

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1216-589: Was 7% higher compared to 1H FY2009 ($ 159.2 million). In the second quarter of the financial year 2010, excluding the non-recurring items, net profit of $ 77.0 million was 3% higher than a year ago. Operating revenue increased 6% to $ 324.0 million (1H FY2009: $ 304.9 million). Numerous guidelines are set to be shifted to SGX Listing Rules. At least one-third of the board members are to be independent directors. The shareholding threshold for assessing director independence has been lowered to 5% from 10%. A director will no longer be independent if he or any immediate family member

1254-645: Was formed on 1 December 1999 as a holding company. The share capital of some former exchange companies, namely Stock Exchange of Singapore (SES), Singapore International Monetary Exchange (SIMEX) that was founded in 1984 and Securities Clearing and Computer Services Pte Ltd (SCCS) were cancelled and new shares issued in these companies were fully paid up by SGX. In this way, all assets previously owned by these three companies were transferred to SGX. The shareholders previously holding shares in SES, SIMEX and SCCS received newly issued SGX shares. On 23 November 2000, SGX became

1292-547: Was in merger talks with the London Stock Exchange (LSE) and the two exchanges already signed a cross trading agreement. However, on 20 July, SGX said there are no plans for a takeover of or merger with LSE. SGX operates several different divisions, each responsible for handling specific businesses. The companies listed on SGX belong to one of two groups: the companies listed on the SGX Mainboard and

1330-617: Was listed in the Bloomberg Gender-Equality Index (GEI) for the first time in recognition of gender equality , as well as its commitment to diversity and board representation. SGX was in merger talks with Australian Securities Exchange (ASX), which would have created a bourse with a market value of US$ 14 billion had the deal been successful. The Australian Competition & Consumer Commission said on 15 December 2010 that it would not oppose SGXs takeover of ASX. SGX's plans to buy ASX have drawn criticism from

1368-487: Was listed on SGX-ST on 20 September 2021 and CapitaLand Development (CLD), the privatised property development arm. On the 20th of September 2021, CLI debuted on the Singapore Stock Exchange under the trading name CapitaLandInvest and stock code, 9CI. On 27 September 2021, CapitaLand announced the change of names of Ascendas Real Estate Investment Trust, Ascott Residence Trust and Ascendas India Trust under one unified CapitaLand brand. Ascendas Real Estate Investment Trust

1406-955: Was listed on the Dow Jones Sustainability Asia Pacific Index in recognition of its sustainability efforts. It has been listed on the Index since then. In 2017, CapitaLand came into controversy when the company attempted to evict the Franses Art Gallery from the Cavendish Hotel in London . CapitaLand acquired the property in August 2012. The case would go to the Supreme Court of the United Kingdom , which ruled against CapitaLand and upheld Franses Art Gallery's request for

1444-449: Was renamed to CapitaLand Ascendas REIT. Ascott Residence Trust was renamed to CapitaLand Ascott Trust. Ascendas India Trust was renamed to CapitaLand India Trust. CapitaLand Ascendas REIT brought its London data centre footprint to five in 2023 by buying the 31MW Chess Building data centre from Digital Realty for £125.1m ($ 159m). In March 2024, CapitaLand India Trust acquired an industrial property from developer Nalanda Shelter Private in

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