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First tech company gets green light to price its IPO before trading debut of Shanghai’s new STAR Market, as analysts predict buying frenzy

The Shanghai Stock Exchange has given the green light for the first company to start book building ahead of its listing on the eagerly-awaited technology innovation board.It is likely to trigger a buying frenzy among investors keen to back promising young firms due to list on the new STAR Market, analysts said.Suzhou HYC Technology, a manufacturer of display and touch testing equipment, said on Wednesday morning that it would begin price consultation with institutions for its initial public… Source link

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Vietnam 

Construction of $162m port complex gets green light – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A port in Dung Quất EZ. Photo bsr.com.vn HÀ NỘI — The Dung Quất Economic Zone (EZ) and Quảng Ngãi Industrial Parks (IPs) Authority has granted an approval in principle for Hòa Phát multipurpose port company to develop a large-scale port complex in the central province. The complex will cost more than VNĐ3.77 trillion (US$162 million) and will be divided into two phases, online newspaper baodautu.vn reported. In the first stage between now and 2020, a wharf with a length of 300 metres…

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Singapore 

Best SIM-only plans for light, moderate, and heavy data users, Digital, Singapore News

For years, fixed mobile plan contracts by Singtel, StarHub, and M1 locked you in for a period of 12- to 24-months with no way to switch telcos or plans without paying a hefty early termination penalty. How did they attract you to sign up with them? The main tactic was to dangle the latest smartphone at an attractive upfront “discount” – provided you sign up or recontract with them, locking you in again for another 24 months. Obviously, it wasn’t really a discount – the cost of the smartphone was…

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Shanghai moves to boost key tech sectors amid trade war, to green light first three listings on new Nasdaq-style board

The Shanghai Stock Exchange is poised to approve the first three listings on the city’s upcoming Nasdaq-style Technology Innovation Board, accelerating China’s pace of support for technology companies amid its escalating trade war with the United States.The initial public offering (IPO) applications of Shenzhen ChipScreen Biosciences, Anji Microelectronics (Shanghai) and Suzhou Tztek Technology will be heard on June 5, the exchange said in a statement after the market close on Monday, which… Source link

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Vietnam 

Ministry gives green light to GrabTaxi in three provinces – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ministry of Transport has approved the implementation of GrabTaxi services in three provinces, including Thanh Hóa, An Giang and Đắk Nông.  Photo dantri.com.vn HÀ NỘI — The Ministry of Transport has given the green light to the implementation of GrabTaxi services in three provinces, including Thanh Hóa, An Giang and Đắk Nông. In a document sent to the three provincial transport departments, the ministry said that it always encouraged the application of science and technology in transportation to enhance service quality and improve convenience for passengers. Accordingly, GrabTaxi will be…

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Singapore 

Taxi crashes into woman crossing Jalan Besar junction when traffic light is in her favour, Singapore News

SINGAPORE – A taxi hit a woman while she was crossing the road at the junction of Kitchener Road and Jalan Besar on Sunday morning (April 14). Police said they were alerted to the accident at 9.42am, and that they are investigating the incident. The female pedestrian declined to be taken to hospital, police added. It is understood that her injuries, if she had any, were not serious. In a video provided to citizen journalism site Stomp, the Comfort taxi can be seen turning left at the junction even though…

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Singapore 

LTA to cancel ofo’s bike-sharing licence as two rival firms get green light, Singapore News

SINGAPORE – As beleaguered bike-sharing firm ofo reaches the end of the road here, Singapore-based rival Anywheel is set to expand its fleet tenfold, while a newcomer – Moov Technology – has been granted approval to roll out 1,000 bikes here. The Land Transport Authority (LTA) announced on Wednesday (April 3) that it has issued a notice of intention to cancel ofo’s licence to operate a bike-sharing service here. In September last year, the Beijing-based firm was granted approval to operate 25,000 bicycles here under the LTA’s bike-sharing licence regime.…

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Singapore 

Motorcyclist sent flying after car beats red light and crashes into him at Bukit Batok, Singapore News

An 18-year-old motorcyclist was taken to hospital after he was involved in an accident with two cars along Bukit Batok West Avenue 5 towards Brickland Road on Monday night (Feb 11). Stomp contributor Jason alerted Stomp to the accident and shared a video he had taken from his car’s dashboard camera. In the video, a car is seen beating the red light before hitting the rider, causing him to fly off his bike and land on the road. Several pieces of debris are seen being flung in all directions as…

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Singapore 

Surgeon said ‘light duties’ appropriate, sending worker back to work day after surgery for broken collarbone, Singapore News

SINGAPORE – An orthopaedic surgeon appealed against his conviction of professional misconduct by a disciplinary tribunal for certifying a migrant worker fit for work the day after he had operated on him for a fractured collarbone. Dr Kevin Yip Man Hing did not give any sick leave to the 47-year-old construction worker, apart from the two days that the patient spent in hospital. Instead, he certified that the Chinese national was fit for “light duties” upon discharge as well as on two subsequent visits to review his condition. At his…

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Singapore 

This car that Grab driver spent 2 hours to decorate will light up your life — literally, Singapore News

No passenger can stay gloomy for long when taking a ride on this unique Grab car. That’s because its driver has gone the extra mile to decorate his vehicle and make it stand out. Stomp contributor Joyce boarded the unique Grab car on Saturday (Jan 12), at around 9.45 am. She and her three children were going from Novena Square to the Whampoa area. Joyce described her memorable GrabCar experience: “My kids were curious about why there were so many ‘cables’ on the car’s headliner. “The driver, Mr Clarence, replied…

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