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UOB initiates offer to buy out Silverlake Axis shareholders
UOB initiates offer to buy out Silverlake Axis shareholders
Shareholders can either receive $0.36 in cash or $0.30 and a new type of share.
SaladStop! and SG fintechs amongst “to-watch” startups in APAC
SpaceTech and healthcare startups are amongst those who made the list.
Lendlease and Warburg Pincus JV acquires $1.6b in Singapore assets
The acquisition marks the first transaction for the JV platform.
SGX RegCo mandates delisting of Halcyon Agri
The company failed to restore its public float.
ST Engineering wins contract to supply PIS for 65 trains in Australia
The contract will end in Q1 2030.
Isetan Singapore to suspend share trading on 29 August
The suspension follows court sanction over the scheme for the company's privatisation.
Silverlake Axis profit declines 38% YoY in FY 2024 amidst shifts in revenue mix
Group revenue for the period was RM783.5m ($234.8m).
Condo resale prices rise 0.8% MoM and 5.5% YoY in July
The Core Central Region led submarkets with a 2.8% MoM increase.
Condo resale volume rises 32.2% MoM in July
The volume was 21.7% higher year-on-year.
Manufacturing output up 1.8% YoY in July
Excluding the biomedical manufacturing segment, output would’ve increased by 3.4% YoY.
MegaChem receives $4.4m insurance payout for July warehouse fire
In total, they have received $12.3m in insurance payouts.
Headline inflation unchanged as transport costs offset easing in accommodation
Private transport inflation rose to 0.9% YoY.
Sembcorp’s Myingyan power plant resumes operations
Conflicts around the plant’s area have ceased.
Daily Markets Briefing: STI up 0.24%; Top stock is HongkongLand USD
HongkongLand USD is the top stock with a 4.51% increase.
CLCT manager names Gerry Chan as deputy CEO
This is effective 1 September.
Oxley Holdings expects net loss in FY 2024
Blame it on lower sales from property developments.
Joo Chiat and Little India boutique hotels up for sale
Expression of interest will close on 7 October.
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