Corporate digest
StarHub
SINGAPORE telco StarHub on Friday announced an agreement to acquire the remaining 49 per cent stake in local cybersecurity services provider Accel Systems & Technologies Pte Ltd. StarHub acquired a 51 per cent stake in Accel for S$19.38 million in May.
The remaining acquisition will occur in two phases: 29.4 per cent in Phase 2 and 19.6 per cent in Phase 3. Phase 2 is expected to close by July 2017 while Phase 3 is expected to close by the first quarter of 2020.
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