NETS on Monday launched PayCollect, an online billing and collections service for businesses to issue invoices and collect payments electronically.

Asian Healthcare Specialists disclosed on Monday that it has entered an investment agreement with Vanda 1 Investments, which is managed and controlled by Temasek Holdings unit Heliconia Capital Management.

A 90 per cent-owned unit of Rex International Holdings will divest its 20 per cent participating interest in the Barents Sea licence PL850 to an external third party.

Starhub chief executive officer Peter Kaliaropoulos said the company is looking to pare costs even further by sharing infrastructure after announcing he would trim the company's workforce by about 12 per cent.

Chinese biotech firm Innovent Biologics is looking to raise up to US$422 million in its Hong Kong IPO, according to sources.

Hyflux has obtained in-principle approval from Maybank for an extension of the Oct 15 deadline by which it should find a buyer for its Tuaspring integrated water and power plant and execute a binding purchase agreement.

8Telecom International Holdings entered into an agreement with Tai Yang Technology on Monday after the market closed to formally terminate an earlier announced share subscription agreement.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research