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The transaction is at a preliminary stage and valid until Oct 31, 2017.
Cruise operator Genting Hong Kong Ltd said it, Apollo Funds and TPG Fund have agreed to sell an aggregate 6.58 per cent of shares in Norwegian Cruise Line Holdings Ltd with market value of US$428 million to third party investors.
Singapore sovereign wealth fund GIC on Monday named Wu Choy Peng as its first-ever chief technology officer, with effect from August 14.
Former Keppel Reit Management chief Ng Hsueh Ling has been appointed managing director (Singapore) and chief investment officer (Asia) of Lendlease, the Australia-listed property group announced on Monday.
Bitcoin soared past US$4,000 for the first time on growing optimism faster transaction times will hasten the spread of the cryptocurrency.
The STI Today
Share prices in the local bourse rose with the key Straits Times Index gaining 29 points or 0.9 per cent to 3,308.69.