Manulife US Reit IPO delayed: source
In light of increased volatility in the equity capital market, the
initial public offering (IPO) of Manulife US Reit (real estate
investment trust) has been delayed, a banking source told The Business
Times.
AsiaPhos to acquire LY Resources for S$36.8m
Singapore-headquartered mineral resource company AsiaPhos announced
on Monday that it will acquire the entire issued and paid-up capital of
LY Resources (LYR Group) for S$36.8 million from Luo Yong, who owns half
of the equity interest in Mianzhu Dashan Mining Co Ltd (Dashan), the
group's cooperation partner in China.
Noble to redeem senior notes worth US$235m early
Noble Group on Monday announced that it will redeem in whole all
outstanding 6.625 per cent senior notes due 2020 on Aug 5 this year.
Singapore, Myanmar sign MOU on banking supervision, capacity building
Singapore's and Myanmar's central banks will cooperate in banking
supervision and capacity building, said the Ministry of Trade and
Industry (MTI) on Monday, after the two countries signed a memorandum of
understanding (MOU) in Yangon, Myanmar.
The STI Today
Singapore shares close lower on Greek debt worries
Shares in the local bourse closed 9.79 points or 0.3 per cent lower
at 3,332.94 on Monday led by worries over Greece after it voted to
reject the harsh bailout terms in the referendum on Sunday.
