SINGAPORE DAYBOOK: OUE, Midas Holdings, Courts Asia, Bond Sale Overseas Union Enterprise Ltd. (OUE SP) says SGX issued “eligibility to list” letter for REIT IPO; offering will be subject to prevailing market conditions, requisite regulatory approvals and evaluation of relevant considerations, according to statement to Singapore Exchange. WHAT TO WATCH: * Overseas Union Enterprise (OUE SP) names Ascott’s Chong Kee Hiong CEO of hospitality REIT; Stk will resume trading June 6 after halt yday * STX Pan Ocean (STX SP) requests suspension pending “clarification of the rumor in the market in regard to the company will file for company reorganization with the district court” * Courts Asia (COURTS SP) names Allard Sjollema as country CEO Malaysia * Midas Holdings (MIDAS SP) JV NPRT & partners win RMB 1.1b metro train contract for supply of 174 train cars to Nanjing Metro Line 4 Phase 1 project ECONOMY: * The Monetary Authority of Singapore plans to sell S$1.2 billion of 28-day bills and S$3.4 billion of 84-day notes MARKETS: * S&P 500 down 1.4% to 1,608.90 * Stoxx Europe 600 down to 295.12 * MSCI Asia Pacific down 1.8% to 132.33 * Straits Times Index fell 1.5% at 3,243.43
Posted on: Thu, 06 Jun 2013 01:37:55 +0000