Business briefing
Frasers Hospitality Trust IPO 19x subscribed
FRASERS Hospitality Trust, which will start trading on the Singapore Exchange on Monday at 2pm, has completed its initial public offering with "strong support" from retail and institutional investors, the firm said. The IPO was about 19 times subscribed, with the public offer of 45.5 million stapled securities being 13.8 times subscribed and the placement tranche of 139.6 million stapled securities being about 20.7 times subscribed.
JK Tech to issue up to 150m placement shares
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results