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Daily Debrief: What Happened Today

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Tuesday, September 20, 2016 - 18:30

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RIDE-HAILING platform Grab has raised US$750 million in equity financing, increasing its total capital position to over US$1 billion.

Grab raises US$750m in equity funding

Ride-hailing platform Grab has raised US$750 million in equity financing, increasing its total capital position to over US$1 billion.


Bond losses show vulnerability of Singapore's not-really-rich

Amid signs last week that more local energy-services companies are being dragged down by the prolonged slump in global oil prices, some are urging quick action to plug loopholes in Singapore's investor-protection rules.

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Aztech receives exit offer at 42 cents/share for proposed voluntary delisting

Aztech Group has received a voluntary delisting proposal with an exit offer of 42 Singapore cents in cash a share.


Online grocer RedMart backed by Facebook billionaire said to seek buyer

RedMart Ltd, the Singapore online grocer backed by billionaire Facebook Inc co-founder Eduardo Saverin, is seeking a buyer as competition intensifies in the city-state, people with knowledge of the matter said.


Stripe to use Singapore as beachhead in Asian payments expansion

Stripe Inc, the US payment startup backed by Sequoia Capital and PayPal founders Peter Thiel and Elon Musk, is bringing its service to Singapore to help local startups build online businesses.


The STI Today

Singapore stocks close mixed with pennies leading the way

Penny stock churning, particularly in Monday's segment leaders ISR Capital, LionGold, Attilan and Blumont continued on Tuesday but price movements were not as aggressive as the day before. The Straits Times Index (STI) in the meantime drifted to a net gain of 2.55 points at 2,854.69, having traded in the red for almost the entire session.

 

 

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