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Daily Debrief: What Happened Today
Sembcorp Industries has signed an agreement to install, own and operate solar panels atop two Singapore facilities owned by one of the world’s largest providers of products and services to the energy industry in a 25-year deal, it announced on the Singapore Exchange on Friday.
Interest is picking up on opportunities for collaboration between South-east Asia and western China as more than 500 business leaders and government officials descended on Chongqing to attend the inaugural China (Chongqing)-Singapore Connectivity Initiative Financial Summit on Friday.
Singapore sovereign wealth fund GIC announced on Thursday the appointment of two new board directors. Lawrence Wong, Minister for National Development and the Second Minister for Finance, was appointed to the board on Nov 1.
Mainboard-listed China Everbright Water has bagged some 1.05 billion yuan (S$208.03 million) in contracts with government authorities in Zibo City, Shandong province for multiple relocation, expansion and upgrading projects of its existing waste water treatment plants.
Shangri-La Asia has sold an S$825 million seven-year bond at 4.50 per cent, in one of the largest non-bank deals in years. The bonds which are guaranteed were priced lower than the inital price guidance of 4.625 per cent area.
Singapore LNG Corp (SLNG) plans to approach the market to size up the demand for a fifth storage tank at its terminal on Jurong Island.
Keppel Land's indirect subsidiary Ibeworth has converted 49 per cent of its 500 billion Vietnamese dong (S$29.5 million) convertible bonds issued by housing developer Nam Long Investment Corporation (NLG) into shares of NLG, at a price of 18,142 dong per share.
- Sembcorp Industries Q3 earnings fall 11.6% to S$82.33m
- SingPost Q2 profit down 12.9% to S$25.1m as one-off item weighs
The STI Today
Singapore shares closed higher on Friday, with the Straits Times Index up 55.54 points or 1.8 per cent to 3,116.39. About 2.56 billion shares worth S$1.55 billion in total changed hands, which worked out to an average unit price of S$0.60 per share.