Olam's founding group Kewalram raises stake in firm for first time in 5 years

OLAM International's founding group Kewalram Singapore has raised its stake in the agri-commodity trader for the first time since 2012...

Sembcorp Industries unit ups stake in Vietnam-Singapore industrial park developer

SEMBCORP Industries has raised its stake in the Singapore consortium holding a controlling stake in the developer of Vietnam-Singapore Industrial Park projects.

Trafigura launches inventory-backed bonds from Singapore

TRAFIGURA, one of the largest independent oil traders in the world, has launched bonds for a structured financing programme backed by a portfolio of commodities - the first of its kind in the commodity financing landscape.

Noble unit to invest £14m in two rare earth projects

CEMENTING its new expansion drive into the rare earth market, Noble Group is, through its wholly owned subsidiary Talaxis Limited, investing £14 million (S$25 million) in two rare earth projects undertaken by Toron-to-listed Mkango Resources.

ETC: unauthorised withdrawals not material, group risk contained

THE unauthorised withdrawals in China announced earlier this week are not expected to be material, and its subsidiaries are independent of each other thus containing the group's risk exposure, said Myanmar and China property developer Emerging Town & Cities Singapore (ETC) on Friday...

Genting HK pares stake in Norwegian Cruise Lines again

GENTING Hong Kong continues to reduce its stake in Nasdaq-listed Norwegian Cruise Lines Holdings (NCLH), selling another five million of its shares that represent a 2.19 per cent stake in the firm.

Broker's take: PhillipCapital places 'subscribe' on RE&S IPO

A BROKERAGE is recommending investors to subscribe for the initial public offering (IPO) of Japanese restaurant group RE&S Holdings Limited.

Barclays, Fragrance Group price separate Singapore-dollar bond deals

TWO Singapore-dollar bond deals worth S$300 million were priced on Friday.

Hot stock: Raffles Education falls after Oei Hong Leong withdraws ouster bid

SHARES in Raffles Education Corp tumbled after tycoon Oei Hong Leong withdrew his bid to remove the founder from the company.

Singapore shares rise on Friday open; STI up 0.89% to 3,371.12

SINGAPORE stocks rebounded on Friday, with the Straits Times Index gaining 0.89 per cent or 29.82 points to 3,371.12 as at 9.02am following the overnight lead in the US and Europe markets.

Stocks to watch: ETC, Hatten Land, Raffles Education, Spackman, Marco Polo, Nam Cheong

THE following stocks made announcements that could affect their trading when the market opens on Friday:

Genting Hong Kong continues to pare stake in Norwegian Cruise Lines

GENTING Hong Kong continues to reduce its stake in Nasdaq-listed Norwegian Cruise Lines Holdings (NCLH) by selling another five million shares representing a 2.19 per cent stake in the firm.

ETC says unauthorised withdrawals not material, group's risk contained

THE unauthorised withdrawals in China announced earlier this week are not expected to be material, and its subsidiaries are independent of each other thus containing the group's risk exposure, said Myanmar and China property developer Emerging Town & Cities Singapore (ETC)...

Norway fund pulling out of coal-fired power plants

IN a move that would hit Malaysia-listed Genting International and Tenaga Nasional Berhad, the largest Norwegian private pension fund provider Storebrand has announced it will divest from 10 companies developing sizeable new coal-fired power plants.

MMP Resources issues convertible bonds and places shares to Maiora

MMP Resources, which invests in construction-related firms, will be issuing convertible bonds to its controlling shareholder, Maiora Asset Management, for a total principal amount of up to S$100,000, and placing some eight million shares for another S$43,000.

Trendlines ties up with National Healthcare Group to develop solutions for clinical needs

TRENDLINES Group is tying up with National Healthcare Group (NHG) to identify unmet clinical needs and develop technological solutions for these, with the eventual possibility of setting up startups to commercialise these solutions.

Brokers' take: DBS Group Research deems RHT offer price fair

THE offer price by Fortis Healthcare Limited for RHT's assets at 46.5 billion rupees (S$966 million), or S$0.90 a unit, is fair, said DBS Group Research...

SRX Property launches free service to match clients with real estate agents

SRX Property has launched a service to match clients with real estate agents.

Broker's take: UOBKayHian sees Bumitama Agri outperforming palm oil peers

AMONG the palm oil stocks on the Singapore Exchange, Bumitama Agri is likely to outperform its peers, said UOBKayHian Research.

Singapore shares decline at Thursday's open; STI down 0.12% to 3,364.78

SINGAPORE stocks opened lower on Thursday, with the Straits Times Index slipping 0.12 per cent or 3.92 points to 3,364.78 as at 9.04am after stocks in the US and Europe dropped overnight.

Stocks to watch: Noble Group, Marco Polo Marine, CapitaLand, QT Vascular, Darco Water

The following stocks made announcements that may affect their trading on Thursday when the market opens:

MMP Resources to issue convertible bonds, place 8m shares with controlling shareholder

MMP Resources, which invests in construction-related firms, will be issuing convertible bonds to its controlling shareholder, Maiora Asset Management, for a total principal amount of up to S$100,000, and placing some eight million shares for another S$43,000.

Changjiang Fertilizer to hold EGM on Dec 15 to vote on transfer to Catalist

CHANGJIANG Fertilizer Holdings will be holding its extraordinary general meeting (EGM) to vote on its transfer to the Catalist board, among other matters, on Dec 15.

Olam forecasts higher coffee prices, Q3 profit up 18%

LONG black faces may be in store for coffee lovers: a shortfall in the robusta market and a possible La Nina occurrence could give coffee prices a shot in the arm, says Olam International, one of the largest coffee traders globally.

Noble starts talks on capital structure; reorganises rare earths, special ores activities

CONFIRMING market speculation that it will soon embark on debt restructuring, Noble Group said on Wednesday that it has entered talks with various stakeholders regarding potential options to address its capital structure and liquidity position.