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Author: traderhub8   |   Latest post: Wed, 16 Oct 2019, 11:05 AM

 

Phillip Capital Morning Note

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Unreported Chinese local government debt may amount to trillions of U.S. dollars, meaning the country's debt-to-GDP ratio has hit "alarming" levels, S&P Global Ratings said in a report released Tuesday.

EC World REIT has chosen not to acquire Stage 2 properties of Bei Gang Logistics for a purchase consideration of 702.5 million yuan (S$140 million).

Temasek Holdings has launched its first public bond offer to retail investors, with a five year maturity and a fixed interest rate of 2.7 per cent. Up to S$200 million is offered to retail investors and another S$200 million placement for institutional, accredited and other specified investors.

Temasek Holdings will be acquiring Israeli cybersecurity company Sygnia for US$250mn, subject to customary signing and closing conditions.

SURBANA Jurong is acquiring two major architectural firms, Canadian firm B+H and Singapore firm SAA Architects.

Blumont Group has entered a supplemental sale and purchase agreement regarding its proposed acquisition of all of Singapore-incorporated Samadhi Retreats Pte Ltd, to exclude two entities initially included in an earlier agreement.

Jiutian Chemical Group expects to report a net loss for the third quarter ended Sept 30.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research

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