Singapore Wrap Monday

Manulife US Reit IPO delayed: source

In light of increased volatility in the equity capital market, the initial public offering (IPO) of Manulife US Reit (real estate investment trust) has been delayed, a banking source told The Business Times.

AsiaPhos to acquire LY Resources for S$36.8m

Singapore-headquartered mineral resource company AsiaPhos announced on Monday that it will acquire the entire issued and paid-up capital of LY Resources (LYR Group) for S$36.8 million from Luo Yong, who owns half of the equity interest in Mianzhu Dashan Mining Co Ltd (Dashan), the group's cooperation partner in China.

Noble to redeem senior notes worth US$235m early

Noble Group on Monday announced that it will redeem in whole all outstanding 6.625 per cent senior notes due 2020 on Aug 5 this year.

Singapore, Myanmar sign MOU on banking supervision, capacity building

Singapore's and Myanmar's central banks will cooperate in banking supervision and capacity building, said the Ministry of Trade and Industry (MTI) on Monday, after the two countries signed a memorandum of understanding (MOU) in Yangon, Myanmar.

The STI Today

Singapore shares close lower on Greek debt worries

Shares in the local bourse closed 9.79 points or 0.3 per cent lower at 3,332.94 on Monday led by worries over Greece after it voted to reject the harsh bailout terms in the referendum on Sunday.