The Singapore Stock Market Today: Sasseur REIT Makes Its Debut

Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI), finished Wednesday at 3,382.8, slumping 56.6 points or 1.6%. Of the 30 index components, 25 were in the negative territory ... ( read original story ...)

Uber races towards IPO with South-east Asian deal

SINGAPORE (REUTERS) - Uber is revving up for an initial public offering by exiting another cut-throat market. On Monday, the US ride-hailing giant said it would hand its South-east Asian arm to Grab, a US$6 billion local rival, and take 27.5 per cent of ... ( read original story ...)

Chinese outlet mall operator launches IPO

In the first initial public offering (IPO) of a real estate investment trust (Reit) in Singapore this year, Sasseur Reit is offering 266.6 million units at 80 cents each. This consists of 13.8 million shares for the public, with the rest being 252.8 ... ( read original story ...)

China Outlet Mall REIT Falls Short with $302M Singapore IPO

Ping An Real Estate-backed Sasseur REIT has driven Singapore’s biggest equity offering this year by raising S$396.0 million ($301.7 million) via a public listing on the Singapore Exchange. Chinese e-commerce giant JD.com is among the REIT’s cornerstone ... ( read original story ...)

Sasseur REIT launches IPO for $396m

This currently the biggest IPO listing in the Singapore Exchange so far this year, Thomson Reuters data revealed. The REIT said 12 cornerstone investors committed to subscribe for approximately 46.1% of the gross proceeds. Some of the investors comprise JD ... ( read original story ...)

Breakingviews- Uber races towards IPO with Southeast Asian deal

SINGAPORE (Reuters Breakingviews) - Uber is revving up for an initial public offering by exiting another cut-throat market. On Monday, the U.S. ride-hailing giant said it would hand its Southeast Asian arm to Grab, a $6 billion local rival, and take 27.5 ... ( read original story ...)

Singapore, Japan fintech associations to work on joint projects

According to the joint statement, the Financial Services Agency of Japan has updated its legislation to enable established banks and non-bank fintech companies to collaborate. In the same vein, the Monetary Authority of Singapore (MAS) established the ... ( read original story ...)

Singapore pharma on recovery path after worst output in decades

SINGAPORE (Reuters) - Singapore's pharmaceuticals business, among the pillars of the city-state's manufacturing sector, is set to return to strength this year as big global drugmakers ramp up output and advance automation at their production sites across ... ( read original story ...)