Daily Debrief: What Happened Today

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Published Mon, Apr 11, 2016 · 10:30 AM

New study on Singapore AGMs finds practices lacking

Annual general meetings (AGMs) by listed companies in Singapore are still concentrated around the usual peak periods in April, July and October - making it difficult for investors holding shares in multiple companies to attend more meetings.

OSIM shares 'inadvertently' purchased at higher price: Credit Suisse

OSIM International shares were purchased by mistake by the offeror at a higher price than the original final offer, said Credit Suisse, who is acting on behalf of OSIM founder Ron Sim for his privatisation attempt of the firm.

Too early to declare victory and unwind property cooling measures: Minister

Singapore's Minister for National Development Lawrence Wong on Monday maintained that the property cooling measures have been effective in stabilising the property market and it remains "too early to declare victory and unwind the measures".

CDL names Kwek Leng Beng's son deputy CEO, appoints new CFO

The son of real estate tycoon Kwek Leng Beng has been named deputy chief executive officer at City Developments Limited (CDL), the property group said in a Singapore Exchange filing Monday morning. It also announced that it had found a new chief financial officer.

Singapore fund seeks court ruling on Mitsui Life takeover price

TIHT Investment Holdings Pte Ltd, a Singaporean private equity firm partly owned by Temasek Holdings Pte Ltd, asked the Tokyo District Court to review the price Nippon Life Insurance Co paid to buy its stake in another Japanese insurer, claiming that it was too low.

Hwa Hong buys half of London building

A unit of Hwa Hong Corporation has bought half of a freehold commercial property in London's Clerkenwell area that is worth £24.8 million, it said in a Singapore Exchange filing Monday morning.

Standard Chartered said to start US$4.4b Asian asset sale

Standard Chartered Plc is seeking to sell at least US$4.4 billion of assets in Asia, people with knowledge of the matter said, as the lender pares its balance sheet after booking record impairments.

The STI Today

Singapore shares end slightly higher on Monday

Singapore shares rose modestly on a quiet Monday with the Straits Times Index closing at 2,809.24, up 0.03 per cent or 0.92 points.


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