SINGAPORE - The following companies saw new developments that may affect trading of their shares on Monday :
DBS, UOB: UOB and DBS have teamed up with Standard Chartered Bank to extend a $945 million green loan to Allianz Real Estate and Gaw Capital Partners, the banks announced on Monday morning. The syndicated loan will finance Allianz's and Gaw's $1.575 billion joint acquisition of Duo Tower and Duo Galleria. UOB shares closed up $0.53 or 2.1 per cent to $26.37, while DBS was up $0.32 or 1.3 per cent to $25.82 on Friday.
Debao Property Development: It has entered into a joint venture with Shenzhen Cai Xin, Foshan Nanhai Debao Jixian Investment Co and Foshan Cai Xing Real Estate in China to carry out land development and urban renewal projects in Foshan City. Its shares last traded at $0.095 on Nov 12. Jumbo Group: It announced on Sunday the opening of its first NG AH SIO Bak Kut Teh and Xinyao Hainanese Chicken Rice outlets in Shanghai. Both outlets are located at the Shanghai One International Trade Centre and are wholly owned and managed by the group. Xinyao Hainanese Chicken Rice is a new addition to the group's F&B portfolio. Shares of Jumbo closed up $0.005 or 1.4 per cent to $0.375 on Friday.
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Source: BusinessTimes - 🏆 15. / 51 Read more »