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Fore Coffee has filed for an IPO amid a temporary trading halt on the local exchange due to a market dip. The company plans to use the funds for expansion, targeting 60 new stores this year, including a second location in Singapore.In other news, Grab is expanding its grocery segment in Malaysia, which has outpaced its food delivery growth for two consecutive quarters. The company is acquiring Everrise to enhance its presence in the grocery market, despite challenges in profit margins.
American Express and Singapore Airlines are enhancing the American Express Singapore Airlines Business Credit Card with new benefits for SMEs, effective 23 April 2025. Key updates include an increased conversion limit for HighFlyer points to KrisFlyer miles, a welcome bonus of 10,000 HighFlyer points, and the ability to attain KrisFlyer Elite Gold status at a reduced points requirement. The annual fee will be S$400, and the card continues to offer existing perks like 0% interest on instalments for flights and Accor Plus membership.
American Express and Singapore Airlines have enhanced the American Express Singapore Airlines Business Credit Card, offering new benefits tailored for Small and Medium Enterprises (SMEs). Key improvements include a higher limit for converting HighFlyer points to KrisFlyer miles and discounted redemption for KrisFlyer Elite Gold status.
American Express has temporarily suspended new applications for the AMEX HighFlyer Card, which was launched in partnership with Singapore Airlines in 2019. This pause may indicate a potential refresh of the card, as it has seen both improvements and reductions in benefits over the years. The future of the card remains uncertain, but there is hope for enhancements that could revitalize its appeal.
HSBC Holdings PLC plans to issue SGD800 million (GBP463.7 million) in 5.000% resettable perpetual subordinated contingent convertible securities. The securities will be listed on London's Official List and Euronext Dublin's Global Exchange Market, with a minimum denomination of SGD250,000. Joint lead managers include DBS Bank Ltd, United Overseas Bank Ltd, and Oversea-Chinese Banking Corp Ltd, among others, with an agreement to sell to at least six independent investors.
HSBC Holdings plc plans to issue SGD800 million in perpetual subordinated contingent convertible securities on March 24, 2025, with a 5.000% initial interest rate. The securities, aimed at independent third-party investors, will be listed on Euronext Dublin and are subject to various conditions, including a capital adequacy trigger that could convert them into ordinary shares. Proceeds will support the company's capital base in line with UK regulatory requirements.
HSBC Holdings plc, a leading global banking group, is set to issue SG$800 million in convertible securities. The bank's revenue is primarily derived from retail banking and wealth management (42.3%), commercial banking (31.8%), and investment banking (25.9%). As of the end of 2024, HSBC reported USD 1,654.9 billion in current deposits and USD 930.6 billion in current credits.
HSBC Holdings plans to issue SGD800 million in 5% Resettable Perpetual Subordinated Contingent Convertible Securities on March 24. The initial conversion price is set at SGD4.6675 per share, allowing conversion into approximately 171 million ordinary shares, which will represent about 0.96% of the enlarged issued share capital. The net proceeds from this issuance are expected to be SGD792 million.
HSBC Holdings plans to issue SGD800 million in perpetual subordinated contingent convertible securities. The offering aims to enhance the bank's capital position, although potential investors are advised to consult professional financial advice due to inherent investment risks.
HSBC Holdings plc has announced plans to issue SGD800 million in 5.000% Resettable Perpetual Subordinated Contingent Convertible Securities on March 24, 2025. This initiative aims to strengthen the company's capital base and will be listed on the Global Exchange Market of Euronext Dublin, enhancing investment opportunities for stakeholders.
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fore coffee plans ipo amid market volatility and expansion efforts
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08:00 24.03.2025
American Express and Singapore Airlines launch enhanced business card for SMEs
07:19 24.03.2025
American Express and Singapore Airlines launch enhanced benefits for SMEs
07:09 24.03.2025
amex highflyer card applications temporarily suspended amid potential refresh
03:10 24.03.2025
hsbc plans to issue 800 million singapore dollars in convertible securities
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18:02 21.03.2025
HSBC plans SGD800 million issuance of contingent convertible securities in 2025
08:30 21.03.2025
hsbc announces issuance of sg800 million convertible securities for growth initiatives
03:48 21.03.2025
hsbc holdings to issue 800 million in perpetual subordinated securities
01:14 21.03.2025
hsbc holdings plans to issue 800 million singapore dollars in securities
01:14 21.03.2025
hsbc announces issuance of 800 million in perpetual convertible securities
01:07 21.03.2025
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