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Stewardship Asia Centre (SAC) today released the second edition of the Singapore Stewardship Principles (SSP) for Responsible Investors, updating practices to enhance Singapore's investment environment.

The Singapore Venture Capital and Private Equity Association celebrates its 29th anniversary with our Annual SVCA Awards Presentation delivered LIVE Online on 20 October. Despite the pandemic, the PE and VC industry has thrived with innovative deal making, fundraising and successful exits generating outsized returns to investors.

Singapore Exchange or SGX has reduced the minimum market capitalisation for Special Purpose Acquisition Companies (SPACs) to $150 million from originally proposed $300 million in which sponsors must subscribe to at least 2.5% to 3.5 % of the IPO shares, units or warrants.

On 3 August 2021, the Securities and Futures Commission (“SFC”) announced that it has reprimanded and fined UBS AG and UBS Securities Asia Limited (“UBSSAL”) (collectively “UBS”) HK$9.8 million and HK$1.75 million respectively over numerous regulatory breaches.

A down-round is a fundraising round of a company in which the pre-money valuation is lower than the post-money valuation of the company in the preceding fundraising round.

Affinity Equity Partners, a pan-Asian buyout GP has made its first fintech investment by taking a “joint controlling stake” in Singapore-headquartered M-DAQ.

Indonesian online marketplace Bukalapak made its debut on the Indonesian Stock Exchange on August 6 to raise $1.52 billion, 5 times more than an original target of $300 million, making it the biggest raise in the Indonesia stock exchange’s history.

Temasek Holdings has posted a 24.5 per cent jump in total shareholder return for the 12 months ended March 31.

Canada Pension Plan Investment Board (CPPIB) has appointed Suyi Kim as senior managing director and global head of private equity effective September 15.

GIC reported that its 20-year annualised real rate of return stood at 4.3% for the period to 31 March 2021.