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Daily Debrief: What Happened Today
Noble Group, before the market opened on Friday morning, requested for a trading halt and announced changes to its board of directors and a US$500 million rights issue.
The real estate investment trust (Reit), to be backed by industrial and logistics assets in Australia, plans to sell 521.7 million units to institutions and retail investors at S$0.85 to S$0.89 apiece.
Private-sector business conditions in May were "broadly unchanged" after deteriorating in April, an economy-wide indicator released on Friday morning showed, prompting calls for more stimulus for the sector.
The projects, selected after a grant call launched in May 2015, are seen to enable the deployment of energy storage under Singapore's "hot, humid and urbanised" environment, EMA announced on Friday.
Cityneon Holdings on Friday announced that its wholly owned subsidiary Victory Hill Exhibitions Pte Ltd has entered into a non-binding term sheet with iLive Entertainment Group to host and operate the Marvel's Avengers S.T.A.T.I.O.N touring exhibitions produced by VHE in Australia.
The STI Today
A surge in volume on Tuesday most probably because of month-end window-dressing, a play on food and beverage stocks led by Yeo Hiap Seng, and a focus on Noble Group after its chief executive officer resigned early in the week and the company on Friday announced a rights issue - these were the main features of interest for the past week during which the Straits Times Index (STI) managed a seven-point rise to 2,809.23.