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Daily Debrief: What Happened Today

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Italy's incorporated shipbuilding group Fincantieri Group has set out to take Singapore-listed subsidiary Vard Holdings private at S$0.24 per share. Vard has requested for a trading halt before Monday trading hours.

ST Engineering shuffles leadership team

Lee Fook Sun will step down as president of ST Electronics from Jan 1, 2017, to focus on his other roles as deputy chief executive and president of the group's defence business.


Italy's Fincantieri offers to take Vard private

Italy's incorporated shipbuilding group Fincantieri Group has set out to take Singapore-listed subsidiary Vard Holdings private at S$0.24 per share. Vard has requested for a trading halt before Monday trading hours.

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SunMoon in S$4.1 m divestment deal

Singapore-listed SunMoon Food Company has entered into an agreement to sell its subsidiary United Agro Produce Pte Ltd (UAPL) and its dehydrated business for S$4.1 million to Global Food Ingredients Pte Ltd (GFI).


ASL Marine lines up new loan of S$99.9m

Mainboard-listed ASL Marine announced after Friday trading hours it has lined up a five-year club term loan facility of S$99.9 million from various lenders.


Swissco to file for interim judicial management as bank lenders pull the plug

Debt-saddled Swissco Holdings will file for interim judicial management over the next few days, it said on Monday.


Kevin Wo to replace Jessica Tan as Microsoft Singapore MD

Kevin Wo will replace Jessica Tan as managing director of Microsoft Singapore with effect from Dec 31, 2016.


Corporate Earnings


The STI Today

Singapore stocks close lower, decoupled from Wall St on Trump uncertainty

Wall Street may have risen to new highs on Friday and the Dow futures may have continued this upward momentum on Monday, but stocks in this part of the world have not followed suit.

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