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Singapore’s 1exchange Welcomes Private Direct Listing of HOMEVEST, Malaysia’s Property Investment, Management and Development Company with an AUM of over RM300 million

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1exchange (“1X”)Singapore’s first regulated private securities exchange and a member of leading integrated private market ecosystem CapBridge Financial, today announced the direct listing of Homevest SDN. BHD. (“HOMEVEST”), a property investment, management, and development company in Malaysia. With a property portfolio of more than RM300 million, Homevest helps unlock value for their partners and has made home ownership more accessible and affordable through their innovative property solutions.

About 10% of Homevest total shares outstanding were listed on 1X at an aggregate value of S$3m. The seamless 1X listing process was conducted entirely online and facilitated by the CapBridge platform.

Dato’ KY Lim, Group Managing Director of HOMEVEST, said, “Today’s listing on 1X marks a historic milestone for HOMEVEST. It brings us one step closer to achieving our vision of building a world shaped by smart-living communities with close-knit relationships. Over the years, HOMEVEST has seen rapid growth in its property portfolio, investors, and client base. We are looking forward to unlocking more value for our shareholders, partners and homeowners.”

Lim further added, “It is our privilege for HOMEVEST to be listed on 1exchange, the first MAS-regulated private securities exchange in Singapore and a member of leading integrated private market ecosystem, CapBridge Financial. 1X is also widely regarded as the third board in Singapore’s global financial centre. We decided to list in Singapore because it is one of the world’s top financial hubs and is an attractive market due to its competitiveness and reputation in the business environment, human capital, infrastructure and financial sector.”

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1exchange Chief Executive Officer, Mr. Victor Chia, said, “We are delighted that Homevest has selected 1exchange as their listing venue. As Malaysia’s business in property investment, management and development, Homevest unlocks value for their partners to make home ownership more affordable and accessible. 1exchange is proud to be a partner to Homevest and we look forward to its continued growth.”

Based in the global financial hub of Singapore, 1X is the first regulated private securities exchange with a Recognised Market Operator licence granted by the Monetary Authority of Singapore (“MAS”). 1X is part of CapBridge Financial, backed by Singapore Exchange (“SGX”), SGInnovate, South Korea’s Hanwha Investment and Securities Co and Hong Kong’s Cyberport Macro Fund.

Mr Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, added, “A direct listing on 1exchange is a compelling option for many companies building a strategic liquidity pathway to unlock value and support growth. As a regulated private exchange, 1exchange promotes the vibrant trading of private equity in Singapore and supports companies in their growth journey, including towards a potential public offering. My heartiest congratulations to HOMEVEST and we look forward to its continued success.”

This is the fourth direct listing on 1X and its third cross-border listing. The momentous occasion was marked by a virtual gong-striking ceremony, attended by representatives from HOMEVEST, placement agent CapBridge Pte Ltd, trust administrator Equiom Trust Services Pte Ltd, as well as strategic partner and shareholder SGX.

On 1X, private companies and funds have the flexibility to list a portion of their shares in the form of tradeable private equities. A direct listing on 1X enables companies to simply convert their existing shares to tradeable shares, in a cost-effective and efficient manner. This regulated asset class traded on 1X provides investors additional portfolio diversification with private equity returns potential, while giving shareholders options for exits. Click here to view the virtual listing ceremony.

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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Blockchain

Bybit Web3 Launches World’s Largest GameFi Playground at Crypto Ark-ade as GameFi Market Size Surges to $20bn

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