Markets & Investing
GIC and PE firm Silver Lake seek to extract $1.25b debt-funded payout from DNA analysis firm
GIC and PE firm Silver Lake seek to extract $1.25b debt-funded payout from DNA analysis firm
If approved, it would be one of the year’s largest dividend funded by junk debt.
Daily Briefing: Retail landlords may lower rents for higher occupancy; Sunpower Group buys Changshu Suyuan for $47.35m
And Temasek unit invests in e-games chairs maker Secretlab.
Singtel, DBS and CapitaLand top Singapore Governance and Transparency Index in 2019
Amongst REITs and business trusts, CapitaLand Commercial Trust dethroned CapitaLand Mall Trust.
SGX daily average value down 8% to $1.1b in July
The turnover value of ETFs also dropped to $189m.
GIC invests $620m in Indian road builder IRB Infrastructure
GIC will hold 49% of the firm and have board representation.
Temasek to buy security system supplier D'Crypt for $100m
StarHub previously bought the military security firm for $122m in 2017.
Stricter regulation for bonds and REITs eyed
SGX RegCo is creating a working group to improve disclosures related to retail bonds.
Daily Briefing: Automotive marketplace Carro raises $124.6m in Series B round; Belmont Road GCB relaunched for sale at lower price of $40.8m
And Foodpanda is setting up its SEA headquarters in Singapore.
Daily Briefing: PE firm Xander Investment buys office park for $130m; Proptech firm UrbanAgents raises $2m seed round
And government-backed LongHash first startups collectively raise $9.7m in Q1.
CapitaLand Retail China Trust to raise $279.4m in latest funding exercise
It will be used to fund the purchase of three shopping malls.
Daily Briefing: Nassim Road bungalow sold for $230m record price; Y Combinator-backed Aspire raises $44.7m in series A
And three Singapore-listed developers buy remaining 67% interest in an Australian property for $5.23m.
Frasers Logistics raises $258.1m through private placement
It will be used to fund the acquisition of 12 logistic facilities in Australia and Germany.
Daily Briefing: Luxury home sales surge amidst inherited asset boom; Wealthtech startup Bambu raises $10m in Series B funding
And Finnish biofuel producer Neste will expand Singapore refinery for $2.44b.
Frasers Hospitality NPI slipped 11% in Q3
This was attributed to the weak performance of its Australian portfolio.
Daily Briefing: Min Yuan building for sale at $145m; Singapore's second unicorn Trax acquires European competitor Planorama
And a row of apartments at Phoenix Road sold for $42.6m.
Sheng Siong profits up 6.6% to $37.8m in H1
The supermarket opened 13 new stores in Q2, boosting revenue.
Ascendas REIT NPI up 11.5% in Q1
The adoption of FRS 116 boosted income.
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