Keppel Corporation : to acquire and develop a 3.8 hectare commercial and residential mixed-use development site in Nanjing, China, with an estimated total development cost in excess of five billion yuan , Keppel Corp announced on Wednesday. Keppel Land China unit Shanghai Ming Bu Industrial Co has entered a share-purchase agreement with Yincheng International Holding Co to acquire a 25 per cent stake in the JV company, Nanjing Zhijun Property Development Co, for 250 million yuan.
The notes are expected to be issued on Aug 27 by subsidiary Yanlord Land Co, and listed on the Singapore Exchange . Estimated net proceeds from the offering are around US$395 million, which the group says will be used for project development and acquisition, as well as general corporate purposes. Yanlord Land shares closed at S$1.20 on Wednesday, down two Singapore cents or 1.64 per cent.for the fourth quarter ended June 30, compared with a net profit of US$25.
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Stocks to watch: Singtel, OUE C-Reit, OUE H-Trust, Del Monte, Soilbuild ReitTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
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Tokyo: Stocks open lower on US losses[TOKYO] Tokyo stocks opened lower on Wednesday following losses on Wall Street amid lingering trade war concerns and falls in Europe on the political crisis engulfing Italy. Read more at The Business Times.
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US: Stocks fall, ending three-day winning streak[NEW YORK] Wall Street stocks fell on Tuesday, snapping a three-session winning streak amid lingering unease over global growth and the US-China trade war. Read more at The Business Times.
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US stocks fall, ending three-day winning streakNEW YORK: Wall Street stocks fell on Tuesday (Aug 20), snapping a three-session winning streak amid lingering unease over global growth and the ...
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Stocks futures subdued after strong rebound on stimulus hopesU.S. stock index futures treaded water on Tuesday as investors paused after a three-day run that was driven by hopes that major economies would ...
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