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Daily Debrief: What Happened Today
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BUT the company’s board did not give a clear answer to queries by the Singapore Exchange (SGX) about whether import agent, Changsha Best Commodity Trading Co, is considered an independent party.
ACCORDING to regulatory filings by Marvelstone Group, the group held a S$135,050 investment in Tech in Asia at end-2017. It is the single-largest investment reported by Marvelstone Group according to these unaudited accounts, which reflected the most recent financial documents available when BT obtained them on Feb 1 this year.
Under the pact, both parties will facilitate greater cooperation among financial institutions in the two countries to benefit their consumers using fintech.
THE OSV business disposal involved six of the group’s subsidiaries including SOPL, Swissco International (SIPL), Swissco Maritime (SMPL), Swissco Ship Services (SSSPL), Swissco Asia (SAPL) and Singapore Marine Logistics (SM LOG).
THE move will also involve the establishment of a fully owned subsidiary called Telkomsel Mitra Inovasi (TMI), a corporate venture arm which will forge partnerships with startups.
The STI today
THE Straits Times Index (STI) finished at 3,234.28, down 39.22 points or 1.2 per cent on Monday.