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Daily Debrief: What Happened Today
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DEBT-LADEN property developer Oxley Holdings announced on Tuesday morning that it has signed a deal to sell Chevron House for up to S$1.025 billion, just 16 months after acquiring the prime office building in Raffles Place for S$660 million in December 2017.
TEMASEK Holdings says it's "underrepresented" in the world's biggest economy with about 15 per cent of its holdings in that market, and is "comfortable" increasing that to more than a fifth, according to John Vaske, Temasek's head of Americas.
LOANS through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at S$676 billion in March, compared with S$672 billion a month ago.
CDL, a Singapore-listed property developer, bought the 50 per cent stake in trust manager IREIT Global Group (IGG) for S$18.36 million from Tikehau Capital, a pan-European alternative asset management and investment group.
THE issue price represents a 4.37 per cent discount to the unit's price of US$0.86 as at 3.45pm on Tuesday.
- Ascott Reit DPU rises 7% to 1.45 Singapore cents for Q1
- Indofood Agri Resources sinks into red with Q1 net loss of 57.79b rupiah
- CDL Hospitality Trusts posts 3.7% lower Q1 DPS at 2.09 Singapore cents
- Yangzijiang Shipbuilding Q1 earnings up 38% to 824.1m yuan
- Fortress Minerals swings to US$4.9m profit for FY2019 on higher ore prices, demand
The STI today
THE Straits Times Index pared some of Monday's gains to enter the midweek break at 3,400.20, down 6.82 points or 0.2 per cent.