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Daily Debrief: What Happened Today
Lawsuits against minorities may impede meaningful discourse, warns SGX
THE Singapore Exchange’s chief regulator urged companies to resist taking an “overly legalistic” approach in dealing with shareholders and warned that such actions could have a “chilling effect” on robust company-shareholder engagement.
Ping An unveils wealth platform Lu Global in Singapore; eyes 20-30% AUM growth
PING An Group's Lu International on Thursday launched its online wealth management platform, Lu Global, for accredited investors in Singapore as well as investors in Asia, with an aim to grow its assets under management by 20-30 per cent next year, a top executive told The Business Times.
Mapletree Logistics Trust prices S$375m placement at S$1.21 apiece near cheap end of talk
MAPLETREE Logistics Trust (MLT) has completed its private placement that was launched on Wednesday and will issue about 309.9 million new units at an issue price of S$1.21 per new unit to raise S$375 million, the trust said in a Singapore Exchange (SGX) filing on Thursday.
OUELH receives listing and quotation notice for 2.2b new rights shares
THE company, which is raising S$148.8 million in net proceeds to help fund a proposed acquisition of stakes in First Reit and its manager, Bowsprit Capital Corp, will issue the new rights shares at S$0.0675 apiece.
Court orders winding up of Stratech, appoints liquidators from BDO
THE court sanction for winding up came after Stratech failed to garner enough support from its creditors on proposed schemes of arrangement.
Singapore and China sign deals on entrepreneurship, research and intellectual property
IN all, six Memorandums of Understanding (MOU) and one Strategic Framework Agreement were signed and exchanged on the sidelines of the 14th Joint Council for Bilateral Cooperation (JCBC) meeting held at the St Regis hotel.
Four-bedroom home goes on sale in Hong Kong for US$446m
THE modestly-sized house at 24 Middle Gap Road sits on 16,330 square-feet of land, or just over a third of an acre, and comes with a swimming pool, parking for two cars and some dated 1990s decor.
The STI today
Singapore shares close 0.1% higher on Thursday
SINGAPORE stocks ended marginally higher on Thursday, with the Straits Times Index advancing 3.86 points, or 0.1 per cent to 3,180.43.