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Daily Debrief: What Happened Today
Lee Fook Sun will step down as president of ST Electronics from Jan 1, 2017, to focus on his other roles as deputy chief executive and president of the group's defence business.
Italy's incorporated shipbuilding group Fincantieri Group has set out to take Singapore-listed subsidiary Vard Holdings private at S$0.24 per share. Vard has requested for a trading halt before Monday trading hours.
Singapore-listed SunMoon Food Company has entered into an agreement to sell its subsidiary United Agro Produce Pte Ltd (UAPL) and its dehydrated business for S$4.1 million to Global Food Ingredients Pte Ltd (GFI).
Mainboard-listed ASL Marine announced after Friday trading hours it has lined up a five-year club term loan facility of S$99.9 million from various lenders.
Debt-saddled Swissco Holdings will file for interim judicial management over the next few days, it said on Monday.
Kevin Wo will replace Jessica Tan as managing director of Microsoft Singapore with effect from Dec 31, 2016.
- Vallianz Q3 profit slumps 84.9 per cent
- Olam's Q3 net profit down 8.6%
- Golden Agri swings into the black, thanks to deferred tax income and forex gain
- Yanlord Land's Q3 profit soars to 564m yuan on higher average selling price
The STI Today
Wall Street may have risen to new highs on Friday and the Dow futures may have continued this upward momentum on Monday, but stocks in this part of the world have not followed suit.