understands. Starhill Global Reit currently owns about 74 per cent of the Wisma Atria property's total share value of strata lots, with the remaining owned by Isetan Singapore. It is also believed that, to close its grip on the property, the Reit manager is prepared to offer more than S$290.7 million – the fair value of Isetan's investment stake in Wisma Atria as at the end of 2018. The manager is part of the YTL Group controlled by Malaysian tycoon Francis Yeoh.
5 Singapore cents on Monday, while shares of Isetan were up three cents of 6.7 per cent to S$4.78.to Hii Siew Chung and Cheah Bee Lin at a conversion price of S$0.10 apiece for 12.0 million new shares, it said on Tuesday morning. This is to repay a redeemable S$1 million convertible loan provided to the company by both individuals in 2017. The loan also bears an interest of 8 per cent per annum, which allows Mr Hii and Ms Cheah to claim up to 1.6 million additional new shares.
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Stocks to watch: TEE International, Thomson Medical, Keppel Pacific Oak US Reit, Tiong SengTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
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Stocks to watch: Tee International, Thomson Medical, Keppel Pacific Oak US Reit, Tiong SengSINGAPORE - The following companies saw new developments that may affect trading of their shares on Monday (Sept 9):. Read more at straitstimes.com.
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Asia stocks make cautious gains as weak data boosts stimulus hopesTOKYO (REUTERS) - Asian stocks eked out modest gains on Monday (Sept 9), amid a cautious market mood as investors pinned expectations on likely stimulus to support growth in the world's major economies, which showed further signs of struggle.. Read more at straitstimes.com.
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Hong Kong: Stocks open Monday with gains[HONG KONG] Hong Kong stocks opened higher on Monday to extend last week's gains after China unveiled fresh economic stimulus, while weak US jobs data fuelled talk of further Federal Reserve interest rate cuts. Read more at The Business Times.
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Singapore stocks: STI resumes Monday afternoon at 3,149.10, up 0.15% on daySINGAPORE stocks continued to edge up as trading resumed on Monday afternoon, with the Straits Times Index advancing 0.15 per cent or 4.62 points on the day to 3,149.10 as at 1.03pm. Read more at The Business Times.
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South Korea: Stocks rise on China's liquidity boost[SEOUL] South Korean shares climbed on Monday, as investors expected China's latest policy easing measure would support Seoul's exports to its biggest trade partner. Read more at The Business Times.
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