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Daily Debrief: What Happened Today

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SPH has acquired a portfolio of 14 purpose-built student accommodation buildings across six towns and cities in the UK for a cash consideration of about £180.5 million (S$321 million).

SPH acquires UK student accommodation portfolio for £180.5m
THE buildings, acquired in a sale and purchase agreement with Unite Group plc, have a total capacity of 3,436 beds. They include 10 freehold assets and four leasehold assets, and are located in established university towns and cities with large full-time student populations, namely London, Birmingham, Bristol, Huddersfield, Plymouth and Sheffield. 

Five win accolades at EY Entrepreneur Of The Year 2018 Singapore awards
THE five winners were selected from more than 40 nominations by an independent judging panel and they will be honoured at a gala to be held on Oct 26 at The Ritz-Carlton, Millenia Singapore. 

Singapore court orders return of S$15m in 1MDB-linked funds to Malaysia
A SINGAPORE court ordered the return to Malaysia of about S$15.3 million ($11.1 million), the first time the city-state has repatriated assets to its neighbor following a globe-spanning probe into transactions linked to scandal-hit state fund 1MDB.


Daily average value of securities traded on SGX up 0.3% in August from July, but down 5% y-o-y
TOTAL securities market turnover stood at S$23.5 billion over August's 21 trading days, down 4 per cent from July and 9 per cent from August 2017.  

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Keppel, Salim Group to jointly develop and operate data centre in Indonesia
MAINBOARD-LISTED Keppel Corporation said early Monday that it has entered into signed conditional agreements to jointly develop and operate a high-availability data centre in Bogor near Jakarta with Indonesian conglomerate The Salim Group.

800 Super's controlling shareholders bought almost S$1m of shares as stock slumped
YONG Seong Investment, an investment vehicle whose major shareholders include 800 Super executive chairman Lee Koh Yong, chief executive Lee Cheng Chye and their brother and company employee Lee Hock Seong, bought 1.191 million shares on Sept 6 and 7 for S$980,224.80 in total.  

The STI today

Singapore shares end lower on Monday
SHARE prices on the Singapore bourse closed lower on Monday, with the key Straits Times Index down 13.47 points, or 0.4 per cent, to 3,120.92. 


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