News
Raffles Medical, Chongqing Hospital to form new collaboration model
Raffles Medical, Chongqing Hospital to form new collaboration model
A key partnership area includes the development of a medical consortium.
VinFast posts $875.7m Q1 loss despite strong revenue growth
Total revenues rose 149.9 YoY.
Enviro-Hub demands $6.95m from Pastel Gloves over failed profit guarantee
PGSB is expected to pay the full amount within seven days of receiving the letter.
Johor Regent, Singapore finalise land swap at Holland Road
ROJ gets 8.5 hectares of state land.
Keppel Infrastructure Trust sells 24.62% stake in Ventura Motors for $109m
It will retain a 73.06% stake in Ventura after the sale.
Grab prices $1.5b convertible notes offering
It launched a $273.5m share buyback.
United House relaunched for sale at $166m
The tender closes at 3:00 p.m. on 1 July.
Suntec REIT prices $250m subordinated perpetual securities at 4.48%
Proceeds will be used to repay existing borrowings.
Teo Chee Hean steps down from GIC board
Teo has served on the GIC Board for 14 years.
Ossia International appoints W Capital as IFA for privatisatisation bid
The Goh brothers first announced they would take Ossia private on 15 May.
Hotel Properties issues $220m notes at 4.4% per annum
Net proceeds will be used to refinance existing borrowings.
Elite UK REIT raises $6.9m in oversubscribed private placement issue
A total of 13.56 million units will be issued.
Qantas Group shuts down Jetstar Asia
The move is expected to recycle up to $500m in capital.
Changi Airport awards T5 tunnels contract to Penta-Ocean and Koh Brothers
Through Koh Brothers’s subsidiary, the group holds a 30% equity stake in the joint venture.
Old devices drop out of circulation as reuse and recycling stall
Singapore consumers upgrade their phones faster than the global average.
Daily Markets Briefing: STI up 0.09%; Top stock is UOL
UOL is the top stock with a 1.81% increase.
OCBC’s revised Great Eastern bid seen having limited financial impact: RHB
RHB maintained a ‘Neutral’ rating on OCBC with a target price of $17.50, representing a 7% upside.
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