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Singapore Wrap Tuesday
Resale prices for Singapore non-landed private residences stayed flat in May from April while volumes increased, according to flash estimates by the Singapore Real Estate Exchange (SRX).
PropertyGuru Group has received S$175 million from three investors, while an existing minority shareholder will exit the business, the online property portal announced on Tuesday.
A study by eBay shows that Singapore's tech savvy retail exporters, who use the company's online market place, sell to an average 41 international markets. eBay defines retail exporters as those sellers on its site who garner US$10,000 in sales to global customers (that is buyers outside of Singapore).
Franshion Properties has placed 1.6 billion shares at HK$2.73 per share as part of efforts to supplement the funding of its expansion and growth plan and broaden its shareholder base.
Linc Energy appointed Genting Bhd's energy chief executive Ong Tiong Soon as non-executive director on May 28, the oil and gas exploration company announced early Tuesday.
The STI Today
The Straits Times Index on Tuesday traded almost entirely in the red and suffered a fourth consecutive fall when it ended 25.2 points or 0.8 per cent lower at 3,295.13. It was the lowest close since Jan 7 when the index closed at 3,298. Turnover amounted to 1.4 billion worth S$1.3 billion. Excluding warrants there were 122 rises versus 327 falls.