Stocks to watch: Frasers Centrepoint Limited, Sapphire Corporation
THE following companies made corporate announcements before the beginning of trading on Wednesday:
Frasers Hospitality is rapidly extending its footprint in the UK, snapping up another portfolio of four boutique hotels just six months after acquiring a UK hotel group. The hospitality arm of Singapore-listed Frasers Centrepoint said on Wednesday it has acquired the four hotels through its newly formed subsidiary, Malmaison and Hotel du Vin Property Holdings, from Swire Properties Hotels Holdings for £36.1 million (S$76.4 million).
Sapphire Corporation said on Wednesday it has secured new railway infrastructure contracts in China worth 916 million yuan (S$201 million).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Why the yen is so weak and what that means for Japan
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce