Daily Debrief: What happened today

Stories you might have missed

Keppel offers to privatise SPH at S$3.4b valuation; contingent on media business carve-out

Keppel Corporation on Monday made a privatisation offer for Singapore Press Holdings' (SPH) non-media business through a scheme of arrangement, subject to SPH shareholders first approving the latter's media restructuring plan. The deal values SPH at S$3.4 billion with Keppel's share of the deal totalling S$2.2 billion.

SPH offer: Keppel eyeing Reit for student housing business; other assets could also be monetised

Keppel Corp's S$2.24 billion proposed buyout of Singapore Press Holdings (SPH) sans the media business will result in a further "quick monetisation" - as soon as within the next three years - of certain assets in SPH's portfolio that the conglomerate is set to add under its belt - once the deal pans out.

Singapore to receive Novavax vaccine by end-2021; Sinovac vaccine evaluation to be completed before month-end

Singapore expects to receive delivery of the Novavax vaccine by the end of the year, said Senior Minister of State for Health Janil Puthucheary in Parliament on Monday, adding that the Health Sciences Authority (HSA) will complete its evaluation of the Sinovac-CoronaVac vaccine before the end of August.

SP Group partners BCG Energy on solar project in Vietnam

SP Group (SP) and BCG Energy, a wholly-owned subsidiary of Bamboo Capital JSC, have formalised a joint venture (JV) to invest in rooftop solar and other renewable energy projects in Vietnam.

Singapore-based crypto startup Matrixport raises over US$100m in Series C round

Matrixport, the crypto-finance venture led by Bitmain Technologies' billionaire founder Wu Jihan, has raised fresh capital from investors including DST Global and Tiger Global, ramping up its pre-money valuation to US$1 billion in two years since its inception.

Corporate earnings

Sembcorp flags S$212m impairment for H1

Great Eastern Q2 profit falls 22% to S$232.2m amid less favourable market conditions

The STI today

No buy-the-dip for STI; most Asian markets rally

The Singapore stock market was one of the rare few in Asia that closed in the red on Monday, when even China managed to shrug off its lacklustre industrial activity data to go higher as investors were in the "buy the dips" mode.