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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Stocks to watch: CapitaLand, CDL, CMT, Keppel, Indofood Agri Resources, Vibrant GroupTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
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Hong Kong: Stocks finish lower[HONG KONG] Hong Kong shares sank Wednesday as investors fretted over the US-China trade war and its implications for the global economy. Read more at The Business Times.
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European stocks suffer over Italy flare-upLONDON: Eurozone equities were held down on Tuesday (May 28) as investors tracked a brewing political fight between Brussels and Rome, and ...
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Hong Kong: Stocks close higher after election relief[HONG KONG] Hong Kong stocks rose Tuesday, tracking gains in European markets overnight as investors expressed relief that centrists had retained control of the European parliament after weekend elections. Read more at The Business Times.
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