CapitaLand Retail China Trust :applications for about 120.7 million preferential offering units, or about 1.4 times
the number of units offered, the manager of the real estate investment trust said on Wednesday night. CRCT will raise gross proceeds of about S$125.1 million from this offering, which closed on Wednesday, and is part of a larger equity funding exercise to fund its purchase of three shopping centres from CapitaLand. The 86.9 million new units from the preferential offering, priced at S$1.44 apiece, are expected to be listed and quoted on the Singapore Exchange's main board on Sept 3 at 9 am.
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Stocks to watch: Wing Tai, Oxley, Heeton, Tiong SengTHE 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 modestly higher on Wednesday[TOKYO] Tokyo stocks opened slightly higher on Wednesday, as positive sentiment from China's announcement of stimulus and bargain-hunting purchases offset the negative impact of losses on Wall Street. Read more at The Business Times.
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Hong Kong: Stocks open higher on Wednesday[HONG KONG] Hong Kong stocks started Wednesday with gains after taking a hit over the previous two days on China-US trade uncertainty and worries about protests that have gripped the city for months. Read more at The Business Times.
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Singapore stocks: STI resumes Wednesday afternoon at 3,068.44, up 0.03% on daySINGAPORE shares resumed trading in positive territory on Wednesday afternoon, with the Straits Times Index gaining 0.03 per cent, or 0.92 point to 3,068.44 as at 1.05pm. Read more at The Business Times.
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Asian stocks find modest support on firmer US futuresAsian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight U.S. selloff, ...
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Europe: Stocks fall as recession fears ramp up[FRANKFURT] European shares were trading lower in early deals on Wednesday, led by losses in technology stocks, as fears that major economies might be on the brink of recession intensified. Read more at The Business Times.
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