Daily Debrief: What Happened Today
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Koufu founders make S$0.77 per share cash offer to privatise company
THE offer values the food court operator at S$425.8 million, which is 15 times Koufu's pre-pandemic FY2019 earnings and 43 times its FY2020 earnings.
Halcyon Agri to record US$10.6m gain from subsidiary's land sale
UPON completion of the transaction, Halcyon Agri expects to realise a gain of about 6.2 billion CFA francs or some US$10.6 million based on the CFA-USD exchange rate as at Nov 30, 2021.
Digilife Tech to acquire 71% stake in Stradbroke Investments for S$7.6m
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THIS translates to about 11.1 million shares, which Digilife Tech said it would fund by issuing 5.5 million shares to the seller, Hong Kong investment holding company TG Holdings HK, at S$1.39 per share.
Potential purchasers of EC World Reit's interest in all its properties backs out
WITHOUT naming the potential buyers, it said the deal fell through when the parties were finalising the definitive terms and conditions of the potential transaction.
Chinese tech giants on talent poaching spree in Singapore
THE usual big-name companies are seeing their talent poached by Chinese tech companies that make better offers, sparking a cycle of poaching from others to replace lost talent.
The STI today
Singapore stocks finish higher on Wednesday; STI up 0.3%
THE Straits Times Index (STI) edged up 0.3 per cent or 9.61 points to close at 3,138.02 points on Wednesday (Dec 29).
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