Japanese investor pulls out of LifeBrandz restaurant deal

A JAPANESE investor has pulled out of a planned restaurant deal with Catalist-listed lifestyle investor Life-Brandz, the latter said in a bourse filing on Monday.

Scoot resumes flights to seven more cities, including Tokyo

SINGAPORE Airline's (SIA) budget carrier Scoot on Tuesday announced it is resuming flights to seven more destinations this month.

Education firm Eruditus closes Series D round, led by Leeds Illuminate and Prosus Ventures

PROFESSIONAL education startup Eruditus has closed its Series D funding round totalling US$113 million including secondary sales.

Japan investor pulls out of LifeBrandz restaurant deal

A JAPANESE investor has pulled out of a planned restaurant deal with Catalist-listed lifestyle investor LifeBrandz, the latter said in a bourse filing on Monday.

Stocks to watch: Keppel, Yangzijiang, First Reit, OUE Lippo Healthcare, Halcyon Agri

THE following companies saw new developments that may affect trading of their securities on Tuesday:

Keppel associate Floatel in talks to extend lapsed debt-payment agreement

THE forbearance agreement between Floatel International and an ad-hoc committee (AHC) of holders of its US$400 million senior secured, first-lien 9 per cent bonds has been extended again, this time to Sept 15, from Aug 31.

Will Trump or Biden boost the greenback?

WITH the US elections looming, a Trump presidency is not necessarily better for the US dollar (USD), while a Biden administration may not be as USD-negative as believed, OCBC Treasury Research said in a research note on Friday.

Two-storey factory in Tuas for sale with S$8m guide price

A TWO-STOREY JTC factory at 33 Tuas Basin Link Road is up for sale by expression of interest with a guide price of S$8 million, exclusive marketing agent Knight Frank Singapore said on Monday.

SGX, GF Securities to promote connectivity between Singapore, China capital markets

THE Singapore Exchange (SGX) has signed a memorandum of understanding with Chinese securities brokerage house GF Securities Corporation to promote greater connectivity between Singapore and China's capital markets, SGX said on Monday.

Republicans don't Trump on the dollar: OCBC

WITH the US elections looming, a Trump presidency is not necessarily better for the US dollar (USD), while a Biden administration may not be as USD-negative as believed, OCBC Treasury Research said in a research note on Friday.

Axington requests voluntary trading suspension pending announcement

CATALIST-LISTED Axington Inc on Monday requested a voluntary suspension of the trading of its shares pending an announcement on "strategic changes to be made in the business direction of the company".

Stocks to watch: Keppel, Sabana Reit, ESR-Reit, OCBC, DBS, Wing Tai, CDLHT

THE following companies saw new developments that may affect trading of their securities on Monday:

SGX gives nod for CMT to list up to 2.78b new units, CCT to delist

THE Singapore Exchange (SGX) on Friday granted in-principle approval to CapitaLand Mall Trust (CMT) for the listing of up to 2.78 billion new units as part consideration for its merger by way of a trust scheme with CapitaLand Commercial Trust (CCT), CMT's manager said in a bourse filing on...

Accordia Golf Trust Q1 gain dives 75.4%; independent adviser approves proposed divestment

ACCORDIA Golf Trust's (AGT) Q1 net profit fell 75.4 per cent to 570 million yen (S$7.4 million) for the three months ended June 30, 2020, down from 2.32 billion yen a year ago.

BROKERS' TAKE

CGS-CIMB keeps 'add' call on Wilmar, says Chinese unit's value underestimated

CGS-CIMB on Friday maintained its "add" call on Wilmar International despite a short-term overhang from this week's share sale by major stakeholder Archer Daniels Midland (ADM), adding that it remains positive on the planned listing of Wilmar's Chinese unit, Yihai Kerry Arawana (YKA).

Tanjong Katong conservation shophouse for sale with S$8.8m starting price

A PRIME freehold corner four-storey conservation shophouse at 240 Tanjong Katong Road is up for sale with a starting price of S$8.8 million, marketing agent PropNex said on Friday.

CDL's New Zealand unit sells former hotel site to Catholic church

A SUBSIDIARY of mainboard-listed City Developments Limited (CDL), Millennium & Copthorne Hotels New Zealand (MCK), on Friday said it had reached an agreement for the sale of a plot of land at 776 Colombo Street in Christchurch to the Roman Catholic Diocese of Christchurch.

Broker's take: CGS-CIMB keeps 'add' on Wilmar, says Chinese unit's value underestimated

CGS-CIMB on Friday maintained its "add" call on Wilmar International despite a short-term overhang from this week's share sale by major stakeholder Archer Daniels Midland (ADM), adding that it remains positive on the planned listing of Wilmar's Chinese unit, Yihai Kerry Arawana (YKA).

OCBC provides 115b won green loan to M&G Real Estate Asia

OCBC Bank has provided a green loan of 115 billion South Korean won (S$132.6 million) to M&G Real Estate Asia to refinance an investment in Northgate, a green building in Seoul's central business district, with the bank as the sole lender and green adviser.

Singapore stocks open higher on Friday; STI up 0.4%

SINGAPORE shares opened higher on Friday, with the benchmark Straits Times Index (STI) gaining 0.4 per cent or 10.26 points to 2,538.18 as at 9.08am. Gainers outnumbered losers 111 to 37, after 71.6 million securities worth S$80.3 million changed hands.

Singtel's AIS to rent 155 telco towers from CAT Telecom under settlement

SINGAPORE Telecommunication's (Singtel) Thai associate Advanced Info Service (AIS) on Wednesday agreed on a settlement with CAT Telecom over telecommunication tower disputes between CAT and AIS subsidiary Digital Phone Company.

Accordia Golf Trust Q1 net profit plunges 75.4% on Japan's Covid-19 state of emergency

ACCORDIA Golf Trust (AGT) saw its Q1 net profit plunge 75.4 per cent to 570 million yen (S$7.4 million) for the three months ended June 30, 2020, down from 2.32 billion yen a year ago.

HOT STOCK

Wilmar sinks 10% after major shareholder reveals plans to cut stake

SHARES of agri-food giant Wilmar International fell 10 per cent on Thursday after one of its largest shareholders, Archer Daniels Midland (ADM), announced plans to sell off shares and bonds worth US$800 million.

New initiative by IRAS, ACRA allows SMEs to seamlessly prepare, file returns

SMALL and medium enterprises (SMEs) can now automate the preparation and filing of their statutory returns with the Inland Revenue Authority of Singapore (IRAS) and the Accounting and Corporate Regulatory Authority (ACRA) using dedicated accounting software, the agencies said in a joint...

Haidilao couple is Singapore's richest on Forbes list

SINGAPORE'S top 10 richest saw their fortunes rise US$37 billion to US$167 billion despite a declining economy and stock market, while the 50 richest clocked 28 per cent gains in their combined wealth, Forbes said on Thursday as it unveiled its...