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Daily Debrief: What Happened Today
Annual general meetings (AGMs) by listed companies in Singapore are still concentrated around the usual peak periods in April, July and October - making it difficult for investors holding shares in multiple companies to attend more meetings.
OSIM International shares were purchased by mistake by the offeror at a higher price than the original final offer, said Credit Suisse, who is acting on behalf of OSIM founder Ron Sim for his privatisation attempt of the firm.
Singapore's Minister for National Development Lawrence Wong on Monday maintained that the property cooling measures have been effective in stabilising the property market and it remains "too early to declare victory and unwind the measures".
The son of real estate tycoon Kwek Leng Beng has been named deputy chief executive officer at City Developments Limited (CDL), the property group said in a Singapore Exchange filing Monday morning. It also announced that it had found a new chief financial officer.
TIHT Investment Holdings Pte Ltd, a Singaporean private equity firm partly owned by Temasek Holdings Pte Ltd, asked the Tokyo District Court to review the price Nippon Life Insurance Co paid to buy its stake in another Japanese insurer, claiming that it was too low.
A unit of Hwa Hong Corporation has bought half of a freehold commercial property in London's Clerkenwell area that is worth £24.8 million, it said in a Singapore Exchange filing Monday morning.
Standard Chartered Plc is seeking to sell at least US$4.4 billion of assets in Asia, people with knowledge of the matter said, as the lender pares its balance sheet after booking record impairments.
The STI Today
Singapore shares rose modestly on a quiet Monday with the Straits Times Index closing at 2,809.24, up 0.03 per cent or 0.92 points.