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Singapore Wrap Monday
Noble Group said on Monday that it has sufficient cash and liquidity to fund its bond redemption and operations, and that its net fair value gains have fallen again in the second quarter.
- Noble to unveil Q2 results, PwC report earlier on Aug 10 to address allegations
- Hot stock: Noble rebounds on potential financings, strategic investment options
- SGX continues to monitor Noble, notes plans for additional disclosure
Capitaland's wholly owned serviced residence business unit, Ascott, is leading a consortium to invest S$67.69 million in Tujia, an online apartment sharing platform which has been dubbed as the Chinese equivalent of US home-rental website Airbnb.
Fraser & Neave said on Monday that the Singapore High Court had, on July 31, dismissed with costs an interim injunction requiring F&N to sell its 55 per cent stake in a Myanmar brewery to its joint venture partner, Myanma Economic Holdings, for 500 billion kyat (S$540 million).
Singapore Exchange has introduced evaluated bond prices on its website to provide public access to independent evaluations of SGX-listed debt securities.
The STI Today
Continued weakness in China and Hong Kong stocks meant the Straits Times Index kicked off the week with a 9.71 points or 0.30 per cent loss to 3,192.79 on Monday. This weakness was also evident in penny stocks where the rally of the past three weeks exhibited clear signs of serious strain - at the peak of penny fever, average value per unit traded was about S$0.40; on Monday, volume of 1.5 billion units worth S$1.14 billion gave an average value of S$0.76.