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Daily Debrief: What Happened Today
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KEPPEL Corp Ltd (KCL), together with Singapore Press Holdings (SPH), plan to make a pre-conditional voluntary general offer of S$2.06 per share for the remaining M1 shares they do not own, valuing Singapore's third largest mobile operator at around S$1.91 billion.
TEMASEK-owned infrastructure giant Surbana Jurong has priced its inaugural bond offering, in an exercise that it said on Thursday was oversubscribed twice over amid "robust reception".
SINGAPORE office rents have increased for the sixth straight quarter in the third quarter of 2018, coming closer to beating the last high seen in the start of 2015, amid near-term tightening in CBD (central business district) space and strong demand from occupiers.
CHICAGO is the only undervalued housing market in the 20-city index, while Milan, Singapore and Boston are deemed fairly valued, the report released on Thursday shows.
A CHINATOWN site slated for hotel use is up for grabs, with the Urban Redevelopment Authority (URA) launching the land parcel for sale by public tender from the government land sales (GLS) programme's confirmed list on Thursday.
Bid vehicle Best Grace Holdings is making the offer for all the shares that the offeror, its related corporations and their nominees do not already hold, with no intention of revising the offer price or any other terms of the offer.
The STI today
SINGAPORE stocks ended lower on Thursday, with the Straits Times Index retreating 2.84 points, or 0.1 per cent to 3,236.26.