Thursday, 18 September, 2014 [BACK TO TODAY'S EDITION]

 

MAINBOARD-listed STATS ChipPAC has revised its expectedthird-quarter net revenue for this year downward to between US$398 million and US$405 million, a dip of about 1 per cent to 3 per cent from the second quarter.

TRIYARDS Holdings will be placing up to 29.5 million new shares at 70 Singapore cents each to raise net proceeds of S$19.96 million to support future growth and to augment its working capital.

THE yuan-clearing business in Singapore has continued to grow rapidly, with the cumulative clearing amount reaching 21 trillion yuan (S$4.3 trillion) from January to August this year.

UNITED Overseas Bank (UOB) sounded a positive note over its business in China on Wednesday, with plans to boost the number of branches it operates there as well as to expand its retail network.

IT'S still early days for Asia's asset-backed securities (ABS) market, even as banks in Singapore are set to issue covered bonds, said industry players at a conference by the Asia Securities Industry and Financial Markets Association on Wednesday.

HOCK LOCK SIEW

EARLIER this year, a listed company here embarked on a non-underwritten rights issue to raise money for investment and working capital and, presumably to enhance the attractiveness of the offer, its announcements on the rights issue highlighted the fact that the company's substantial shareholder had given an "irrevocable" undertaking to fully subscribe to its portion.

STARHILL Global Real Estate Investment Trust (SGReit) has refinanced RM330 million (S$129.4 million) senior medium term notes (MTNs) at a lower interest cost.

[LONDON] Gold's slide to eight-month lows over the last week has brought it within sight of a cluster of chart support lines near its 2013 lows, a breach of which could set up a slide back to US$1,000 an ounce.