Wilmar International:, a unit of mainboard-listed agribusiness Wilmar International, plans to form a 50:50 joint venture with UK-headquartered food giant Associated British Foods to manufacture and distribute yeast and bakery ingredients in China. In a bourse filing on Monday, Wilmar announced that Yihai Kerry Arawana and ABF have executed a binding term sheet setting out their intentions for the JV. Shares of Wilmar closed at S$3.32 on Monday, up three Singapore cents.
SPH wholly owns Times Properties, which is the sole unitholder of Straits Capitol Trust. Proceeds from this facility will be used to repay partially the existing loan from Times Properties to finance the acquisition costs of the UK student accommodation portfolio, said SPH, which publishes. SPH shares closed down three Singapore cents or 1.28 per cent on Monday at S$2.31.
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