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Daily Debrief: What Happened Today
Singapore Prime Minister Lee Hsien Loong said on Monday that the government will work with key stakeholders, including private sector operators and the cybersecurity community, to strengthen the resilience of Critical Information Infrastructure (CII) that supports Singapore's essential services.
Singapore prosecutors have slapped seven charges each on two ex-BSI senior private bankers Yak Yew Chee and Yvonne Seah Yew Foong in the massive probe into Malaysia's 1MDB case.
Noble Group has agreed to sell a US energy unit to Calpine Corp as the commodity trader that's backed by China's sovereign-wealth fund seeks to raise cash and boost liquidity.
Property group Frasers Centrepoint Limited (FCL) has inked a conditional deal for its unit to invest 13.23 billion baht or about S$520 million in Thailand-listed industrial property developer Ticon Industrial Connection, it said in a Singapore Exchange filing on Monday morning.
The IPO was priced at S$1.52 a share compared with the indicative range of S$1.52-$1.93, the sources said, declining to be identified as the pricing was not public.
The STI Today
The main feature of Monday's session was hectic churning of penny stocks such as Noble Group, Cedar Strategic, SunMoon and Ezra that propelled unit turnover to 2.2 billion units, estimated to be the highest in three months.