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Daily Debrief: What Happened Today
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SINGAPORE'S Senior Minister of State for Foreign Affairs and Transport Chee Hong Tat said this at the 22nd Singapore-Shandong Business Council (SSBC) meeting on Friday, as he acknowledged the resilience of the partnership and highlighted ways for Singapore and the province to deepen cooperation.
THE buyers - affiliates of the JV partner - had failed to procure financing for the purchase price as per the conditions precedent, the mainboard-listed firm said on Thursday night.
IF the bonds are all converted, the company will allot and issue about 148 million new ordinary shares, which make up about 5 per cent of the existing issued shares, excluding treasury shares.
NET proceeds from the issuance will be used for general corporate purposes including refinancing of the existing borrowings of SingPost and its subsidiaries.
TALKS on this proposal are ongoing and no definitive terms have been agreed upon between the parties, said Q&M Dental Group.
- Golden Agri Q3 net loss narrows from previous quarter on higher CPO prices
- Cordlife's nine-month net profit rises 39.6% to S$5m
- Sasseur Reit Q3 DPU rises 7.6% to 1.764 S cents
The STI today
THE benchmark Straits Times Index (STI) slipped 0.02 per cent or 0.51 points to 2,711.39.