The group believes it has"strong growth prospects" in light of the impending issuance of digital banking licences and the upcoming commencement of the Credit Bureau Act in Singapore.
Net proceeds from the initial public offering will be used for organic growth initiatives, strategic investments, regional expansion and acquisitions, as well as general corporate and working capital purposes, CBA said. It added that organic growth initiatives could include product development and credit score enhancements, software and platform development, as well as investments related to the development of its corporate credit reporting business in Singapore.
CIMB Bank Berhad, Singapore branch is the issue manager for the IPO, while CGS-CIMB Securities is the underwriter and placement agent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SGX queries Hong Leong Asia on rising stock price; shares climb 7.9%SHARES of Hong Leong Asia (HLA) - the trade and industry arm of the Hong Leong group - surged on Friday, drawing a query from the bourse operator regarding its 'unusual price movements'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Credit Bureau Asia's IPO 60.8 times subscribedCREDIT Bureau Asia (CBA) received applications from retail investors for 60.8 times the number of shares available in the public portion of its initial public offering (IPO), it announced on Wednesday. Read more at The Business Times. hmm.. how apt The assigned broker underwriter must have done something right, apparently. Its senior debts like mezzanine funding to considerably opt for perhaps, in moving forward retail/commercial businesses both online/brick & mortar.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Jetstar Asia to resume South-east Asia transit flights via Singapore from Dec 1FROM Dec 1, Jetstar Asia passengers travelling from six South-east Asian cities will be able to transit through Singapore's Changi Airport to nine onward destinations served by the budget airline, as long as their connection is within 48 hours. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Pandemic lockdowns cut pollution, slowing snowmelt in South AsiaYay!
Source: TODAYonline - 🏆 1. / 99 Read more »
Asia stocks wobble after Mnuchin pulls plug on US stimulusSYDNEY (REUTERS) - Global stocks came under pressure on Friday (Nov 20) after US Treasury Secretary Steven Mnuchin called for an end to pandemic relief for struggling businesses, sparking a rare clash between the central bank and Treasury and weighing on sentiment.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »