Daily Debrief: What Happened Today (Jun 10)

Stories you might have missed

CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding risks at EGM

[SINGAPORE] Unitholders of CapitaLand Integrated Commercial Trust pressed hard for answers at an extraordinary general meeting (EGM) to approve its proposed S$3.9 billion acquisition of Orchard Road mall Paragon, after raising questions over the timing of the deal and longer-term plans for the freehold asset.

Singapore court targets BigPay, Teleport stakes in blow to Tony Fernandes-led Capital A

[KUALA LUMPUR] The Singapore High Court has moved to seize stakes in BigPay and Teleport held by Tony Fernandes-led Capital A, to enforce a US$14.7 million arbitration award. This creates a fresh challenge for the Malaysian group just weeks after it emerged from financially distressed status.

BizLink to buy Blackstone’s Singapore-based Interplex for US$850 million

[SINGAPORE] US-headquartered BizLink Holding has agreed to acquire Interplex Datacom from Blackstone-backed Ennovi for up to US$900 million, a strategic move aimed at capturing surging demand for artificial intelligence data centres across Asia.

SpaceX and other giga-listings could raise indices’ risks

AN ERA of outsized listings is at hand. SpaceX, the rocket, satellite and artificial intelligence brainchild of Elon Musk, goes public on Friday (Jun 12).

Applied Materials boosts Singapore manufacturing operation with US$500 million campus to meet AI chip demand

[SINGAPORE] US-headquartered semiconductor materials and engineering solutions provider Applied Materials said on Wednesday (Jun 10) that it has expanded its manufacturing and R&D operations in the city-state.