Company Briefs: Coronation 3G

Coronation 3G

Coronation 3G's voluntary conditional cash offer for all the issued ordinary shares of Singapore-listed Sim Lian Group has become unconditional.

The total number of shares owned, controlled or agreed to be acquired by Coronation 3G and its parties amounted to about 906.27 million shares representing about 90.1 per cent of the total number of shares as at 5pm on Monday.

Singapore Exchange

Singapore Exchange (SGX) has formed a Securities Industry Working Group (IWG) in consultation with the Monetary Authority of Singapore.

The working group will make recommendations to improve the securities market's operational resilience in the event of trading disruptions.

The 13-member body is chaired by Mr Ho Tian Yee, a board member of DBS Group Holdings and chairman of Fullerton Fund Management Co.

The other members include local and international members of the SGX's securities market, representatives from the investment community, independent experts and software vendors.

"In making their recommendations, the IWG will take into consideration the findings from feedback garnered from members and participants as well as SGX's own investigations following the July 14 market disruption," it said.

It will review and give recommendations in such areas as back-up systems, processes and protocols in the light of disruptions.

It will also look at communication and maintenance issues and ways to familiarise and test the readiness of the SGX and its market participants to respond to market disruptions.


Vallianz is undertaking a rights issue of up to 3.596 billion new ordinary shares at a price of two cents for each rights share.

It also comes with free detachable warrants, with each warrant carrying the right to subscribe for one new ordinary share in the capital of the company at an exercise price of two cents for each new share, on the basis of one rights share for every existing ordinary share in the company.

Vallianz is 25.15 per cent owned by Swiber Holdings.

A version of this article appeared in the print edition of The Straits Times on September 07, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe