Daily Debrief: What Happened Today

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GIC, Hellman & Friedman to buy Allfunds Bank, valued at 1.8b euros

Singapore's sovereign wealth fund GIC and affiliates of Hellman & Friedman, a private equity investor, on Tuesday announced the signing of a deal to acquire Allfunds Bank, a global financial technology business.

EDBI, Philips move to boost digital healthcare investments

EDBI, the corporate investment arm of the Singapore Economic Development Board, and Dutch electronics giant Royal Philips will deepen their joint investment alliance and partner more companies in the digital health sector, in line with Singapore's move to position itself as a leading digital health hub.

Noble prices its US$750m 8.75% notes due 2022

Noble Group on Tuesday announced the pricing of its proposed issue of US$750 million 8.75 per cent notes due 2022.

Swiber JMs apply for court extension to call creditors' meeting

Swiber Holdings said after trading closed on Tuesday that its court-appointed judicial managers (JMs) have filed applications for extension until July to send to creditors a statement of proposals and summon a creditors' meeting.

SBI Offshore's former CEO drops appeal against court decision

SBI Offshore on Tuesday said that former executive director and chief executive officer Tan Woo Thian has decided to drop the appeal that he filed against the High Court's decision to grant final judgment for the sum of S$624,631 plus interest and legal costs and disbursements in favour of the company.

Riady family's offer for Auric Pacific 'fair and reasonable', says independent financial adviser

Independent financial adviser MS Corporate Finance has advised independent directors that the Riady family's offer to take Sunshine bread maker Auric Pacific Group private is "fair and reasonable".

The STI Today

Singapore shares finish higher, albeit in lower volume ahead of FOMC meeting

Although the Straits Times Index managed an 8.93 points rebound to 3,130.44 on Tuesday, most likely in tandem with a rise in the Dow futures and in the Hang Seng Index, perhaps the more important feature of trading was that volume amounted to only 2.5 billion units worth S$1.12 billion, a sharp drop from last week's S$1.5 billion daily average.

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