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Singapore shares close 0.6% down

9 Jul 2020 - The Business Times
SINGAPORE shares closed lower on Thursday, with the key Straits Times Index falling 16.84 points or 0.6 per cent to 2,652.65 on a quiet trading day ahead of Friday’s polling in the city state and the release of key US jobless data. Much of the region, however, posted gains in the key gauges in Japan, ...
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Utico raises Hyflux's equity valuation offer to $485m

9 Jul 2020 - Singapore Business Review
The RA was also extended to end July. Hyflux’s white knight investor Utico has announced that they raised the embattled water firm’s equity valuation offer to a minimum of $485m, a press release revealed. The UAE-based firm stated that this includes cash and stock deals, details of which have been sent ...
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Singapore stocks post modest gains after Wall Street rally; STI up 0.2% at open

9 Jul 2020 - The Business Times
SINGAPORE shares continued to edge up on Thursday, after eking out modest gains the previous day and tracking a Wall Street rally overnight. The benchmark Straits Times Index (STI) gained 5.90 points or 0.2 per cent to 2,675.39 as at 9.01am. Gainers outnumbered losers 104 to 33, after some 65.9 million ...
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HDB resale volume surged 573.6% in June

9 Jul 2020 - Singapore Business Review
This marks as the highest monthly sales inked since July 2018. HDB resale transactions skyrocketed 573.6% MoM and 26.7% YoY to 2,452 deals in June, according to an SRX report. About 40.3% of the volume comes from four-room, 26.3% from three-room, 24.1% from five-room, 7.4% from executive and the rest ...

Keppel unit extends KrisEnergy's restructuring deadline to 30 September

9 Jul 2020 - Singapore Business Review
The latter failed to complete the restructuring process by 15 July. Kepinvest Singapore, a wholly-owned subsidiary of Keppel Corporation Limited (KCL), made a deal with KrisEnergy to extend the latter’s restructuring completion deadline from 15 July to 30 September, an SGX filing revealed. This comes ...
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Olam unit secures samurai loan facility of $324.08m

9 Jul 2020 - Singapore Business Review
Olam Treasury aims to refinance existing loans and general corporate purposes. Olam Treasury, a wholly owned subsidiary of agribusiness Olam International, has secured a medium-term samurai loan facility of $324.08m (JPY25b), according to an announcement. Olam’s managing director and group CFO N Muthukumar ...
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Biolidics, LC-Bio team up to develop cancer diagnostic solutions

9 Jul 2020 - Singapore Business Review
Biolidics will be LC-Bio's exclusive partner in China for five years. Biolidics has entered into a collaboration agreement with LC-Bio Technologies, Hangzhou (LC-Bio) to develop cancer diagnostic solutions for a duration of five years, according to an announcement. Biolidics will be LC-Bio's exclusive ...
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Stocks to watch: Olam, Keppel, Clearbridge, Hatten Land, Biolidics

9 Jul 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Thursday: Olam International: The agri-business group's wholly-owned unit, Olam Treasury, has obtained a medium-term samurai loan facility aggregating 25 billion yen (S$324.2 million) in the Japanese market. Olam ...
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Chart of the Day: Overall home sales in CCR surge 72% in Q1

8 Jul 2020 - Singapore Business Review
A total of 4,269 private residential units were sold in the quarter. This chart from PropNex research shows that the Core Central Region (CCR) saw the sharpest rise in overall home sales, surging 72% YoY to 1,073 in Q1, which is partly driven by a new launch, The M. In total, 4,269 private residential ...
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Daily Markets Briefing: STI up 0.3%

8 Jul 2020 - Singapore Business Review
Medtecs International led the gains amongst top active stocks with a 16.31% expansion. The Straits Times Index (STI) ended 8.07 or 0.3% higher at 2,669.49. The top active stocks were Medtecs International, which jumped 16.31%, DBS, which advanced 0.55%, Singtel, which increased 0.4%, OCBC Bank, which ...
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