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Daily Debrief: What Happened Today
Singapore's sovereign wealth fund GIC and affiliates of Hellman & Friedman, a private equity investor, on Tuesday announced the signing of a deal to acquire Allfunds Bank, a global financial technology business.
EDBI, the corporate investment arm of the Singapore Economic Development Board, and Dutch electronics giant Royal Philips will deepen their joint investment alliance and partner more companies in the digital health sector, in line with Singapore's move to position itself as a leading digital health hub.
Noble Group on Tuesday announced the pricing of its proposed issue of US$750 million 8.75 per cent notes due 2022.
Swiber Holdings said after trading closed on Tuesday that its court-appointed judicial managers (JMs) have filed applications for extension until July to send to creditors a statement of proposals and summon a creditors' meeting.
SBI Offshore on Tuesday said that former executive director and chief executive officer Tan Woo Thian has decided to drop the appeal that he filed against the High Court's decision to grant final judgment for the sum of S$624,631 plus interest and legal costs and disbursements in favour of the company.
Independent financial adviser MS Corporate Finance has advised independent directors that the Riady family's offer to take Sunshine bread maker Auric Pacific Group private is "fair and reasonable".
The STI Today
Although the Straits Times Index managed an 8.93 points rebound to 3,130.44 on Tuesday, most likely in tandem with a rise in the Dow futures and in the Hang Seng Index, perhaps the more important feature of trading was that volume amounted to only 2.5 billion units worth S$1.12 billion, a sharp drop from last week's S$1.5 billion daily average.