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Daily Debrief: What Happened Today
The Competition Commission of Singapore said the proposed acquisition, according to both parties, "will not result in a substantial lessening of competition for enterprise SSDs (solid-state drives) in Singapore or worldwide".
Units of Chinese mall owner BHG Retail Reit opened on Friday at S$0.805, up 0.63 per cent from its initial public offering (IPO) price of S$0.80 apiece. When the market closed, the units had settled back at S$0.80.
Shares of Singapore Post (SingPost) fell on Friday after its group CEO Wolfgang Baier said he was leaving the mainboard-listed company, catching investors by surprise and leaving the group scrambling to name a successor.
The Ministry of Health has set up a seven-member taskforce to strengthen the detection and response to outbreaks, particularly those that are unusual and unfamiliar.
"Although our thesis of slowing DPU growth remains intact and we are cognisant of headwinds that will continue to plague the sector ahead, we opine that the market has priced in some of these negatives and current sector valuations are not demanding," the report said
The Urban Redevelopment Authority (URA) said on Friday it has awarded the tender for the residential site at Clementi Avenue 1 to Singland Homes Pte Ltd and UOL Venture Investments Pte Ltd. The consortium submitted the highest bid in the tender for the site at S$302.1 million.
Closely held Fosun Group, which controls Fosun International, has "lost contact" with Mr Guo, 48, the magazine said, citing people it didn't identify.
The STI Today
The impending Christmas holidays combined with ever-weakening oil prices and next week's US Federal Open Markets Committee meeting made for yet another forgettable week for the local stock market in which the Straits Times Index lost 45 points or 1.6 per cent at 2,834.63 - all in poor volume.