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Daily Debrief: What Happened Today
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UNDER the latest proposal, the return to both the unsecured senior creditors and the retail investors of Hyflux’s preference shares and perpetual securities (PnP) will be “more than 10 per cent” higher than what had been available under the restructuring agreement inked on Nov 26 last year.
THERE were 2,452 Housing Board (HDB) resale transactions in June, 573.6 per cent more than the 364 last month and 26.7 per cent higher than a year ago, according to flash data released by SRX Property.
WITH the acquisition, the valuation of Dasin Retail Trust's portfolio has expanded by nearly three times to about 12.1 billion yuan (S$2.41 billion) from 4.6 billion yuan within three years from its listing.
ABOUT 35 employees in Singapore were affected in the first wave; the second wave of 11 were told to go at the end of June, sources told The Business Times.
SPDR Gold Shares ETF clocked the highest average monthly turnover value - S$156.9 million - among exchange-traded funds (ETFs) listed on the Singapore Exchange (SGX) during the first six months of this year.
INVESTORs include chief executive officer of Monde Nissin Corp, Henry Soesanto, who acquired Quorn Foods for US$831 million in 2015; Big Idea Ventures, a Temasek and Tyson Foods-backed fund dedicated to plant-based foods; and Germi8, a venture capital firm which invests in agri-food startups.
The STI today
SINGAPORE shares closed lower on Thursday, with the key Straits Times Index falling 16.84 points or 0.6 per cent to 2,652.65 on a quiet trading day ahead of Friday’s polling in the city state and the release of key US jobless data.