Daily Debrief: What Happened Today
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Bank of Singapore hires bankers to manage Middle East, Indian money THE private-banking arm of Oversea-Chinese Banking Corp. is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East's wealthy and of Indians living overseas.
Cosco hits 90% acquisition threshold in takeover bid, plans to delist Cogent CHINESE shipping company Cosco Shipping International (Singapore) has hit the 90 per cent compulsory acquisition mark for its S$1.02-a-share cash offer for Cogent Holdings.
Pavillon to issue 3-year, 5% convertible bonds to pay for Johor Bahru properties MAINBOARD-LISTED Pavillon Holdings on Friday said it will pay the remaining RM29.9 million (S$9.84 million) for its Johor Bahru properties acquisition by issuing three-year convertible bonds at 5 per cent interest per annum.
CDL Hospitality Trust to sell two Brisbane assets for A$77m CDL Hospitality Trusts is selling the Mercure Brisbane and Ibis Brisbane for A$77.0 million (S$79.6 million), the stapled group announced on Friday.
Spackman Entertainment buys talent management agency; ups stake in Spackman Media SPACKMAN Entertainment Group Limited, a South Korean entertainment production group, has entered into a sale and purchase agreement with independent third parties to acquire talent management agency, Constellation Agency for S$16.6 million.
The STI Today
Singapore shares close 0.1% higher on Friday SINGAPORE stocks finished 0.1 per cent higher on Friday, with the Straits Times Index rising 3.18 points to 3,385.71.
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