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Daily Debrief: What Happened Today

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Utico said it has upped its proposed rescue package to a minimum of S$485 million comprising cash and stock, details of which were sent to Hyflux and all creditor parties.

Stories you might have missed

Hyflux gets new S$485m cash, stock offer from Utico

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.


HDB resale volume jumps 570% m-o-m in June on 'circuit breaker' easing: SRX

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.


Dasin Retail Trust completes acquisition of 2 Chinese malls for S$344.1m

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. 


Zilingo cuts Singapore and global headcount, puts Singapore HQ up for rent

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.


Amid bullion rally, gold ETF most active on SGX in first half of year

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.


Singapore plant-based meat startup Karana closes US$1.7m seed funding

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. 


Corporate earnings


The STI today

Singapore shares close 0.6% down

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.

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