Starhill Global Reit appointed Kemmy Tan as its new CEO and executive director effective July 1, 2026, after incumbent Ho Sing stepped down on June 30, earlier than his originally scheduled August 10 departure [1, 2].
Ley Choon’s subsidiary won contracts worth about S$24.5 million for underground utilities repair and maintenance, with works to be completed within roughly 36 months and expected to contribute positively to earnings [1].
Keppel’s private fund KDCF III acquired land in Seoul to develop a 60-megawatt AI-ready data centre targeting completion by 2030. The facility will serve hyperscalers, cloud providers, and corporates [2].
Nio denied US allegations of links to the Chinese military, stating its inclusion on the US Department of Defense's Chinese military companies list is "not justified since it is 'not a Chinese military company or a... contributor to the Chinese defence industrial base'" [3].
Wee Hur acquired a 26-storey Grade-A commercial building in Tai Kok Tsui, Hong Kong, with plans to convert it into student accommodation offering about 500 beds. Operations are expected to begin in the first half of 2028 [3].
CapitaLand Integrated Commercial Trust (CICT) held an extraordinary general meeting on June 10 to discuss the proposed S$3.9 billion acquisition of Paragon mall [4].
The Singapore Exchange (SGX) reported a 70% year-on-year rise in securities market turnover value to S$45.8 billion in May 2026, with daily average turnover hitting a record S$2.4 billion, the highest since 2007 [4].
City Developments Ltd and Hong Realty placed the top bid of S$542.4 million for a 99-year leasehold private housing site at Peck Hay Road. The joint venture plans to build a 39-storey tower with around 380 units [5].
Singapore Kitchen Equipment’s CEO and senior manager face allegations of conspiracy to mislead auditors and falsify payment vouchers involving a S$742,000 bonus. The company’s board is retaining the executives during an ongoing investigation [5].
The next significant date on the corporate calendar is the expected launch of operations in Wee Hur’s Hong Kong student accommodation property in the first half of 2028 [3].
