Daily Debrief: What Happened Today (May 29)

Stories you might have missed

Seatrium eyes S$28 billion in project opportunities amid global race for energy security

[SINGAPORE] Offshore and marine player Seatrium : 5E2 -2.3% is eyeing more than S$28 billion in project opportunities over the next two years, as the Middle East conflict escalates the global race to secure energy supply.

Vietnam-Singapore industrial park grid gets power-up amid slew of deals inked during To Lam’s visit

[SINGAPORE] The landmark Vietnam-Singapore Industrial Park (VSIP) initiative is adding four new parks across Vietnam, and is slated for a new advanced manufacturing research centre within its premises.

Shanda co-founder sells Tanglin Hill bungalow for S$76 million

[SINGAPORE] A freehold bungalow in Tanglin Hill has been sold for S$76 million, or about S$3,169 per square foot (psf) based on the freehold land area of 23,979 square feet (sq ft).

CapitaLand Ascott Trust to divest The Robertson House for S$360 million

[SINGAPORE] CapitaLand Ascott Trust (Clas) : HMN 0% will sell its upscale hotel, The Robertson House by The Crest Collection, to an unrelated third party for S$360 million, it said on Friday (May 29).

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Daily Debrief: What Happened Today (May 28)

Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

[SINGAPORE] Fund manager Azure Capital has become a substantial shareholder of Trek 2000 International, the company known for its ThumbDrive USB flash drive.

Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

[SINGAPORE] Nearly half of Asia-Pacific (Apac) high-net-worth (HNW) investors expect a market correction or crash in the next three years, with just over two in five planning to move into cash and highly liquid assets over the next 12 months, a study by private bank Lombard Odier revealed.