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Daily Debrief: What Happened Today
Ride-hailing platform Grab has raised US$750 million in equity financing, increasing its total capital position to over US$1 billion.
Amid signs last week that more local energy-services companies are being dragged down by the prolonged slump in global oil prices, some are urging quick action to plug loopholes in Singapore's investor-protection rules.
Aztech Group has received a voluntary delisting proposal with an exit offer of 42 Singapore cents in cash a share.
RedMart Ltd, the Singapore online grocer backed by billionaire Facebook Inc co-founder Eduardo Saverin, is seeking a buyer as competition intensifies in the city-state, people with knowledge of the matter said.
Stripe Inc, the US payment startup backed by Sequoia Capital and PayPal founders Peter Thiel and Elon Musk, is bringing its service to Singapore to help local startups build online businesses.
The STI Today
Penny stock churning, particularly in Monday's segment leaders ISR Capital, LionGold, Attilan and Blumont continued on Tuesday but price movements were not as aggressive as the day before. The Straits Times Index (STI) in the meantime drifted to a net gain of 2.55 points at 2,854.69, having traded in the red for almost the entire session.