DBS Group Holdings is considering joining the race to acquire PT Bank Permata, the Indonesian lender in which Standard Chartered Plc holds a stake, according to people familiar with the matter. Permata has a market value of about US$2.4 billion.

Mainboard-listed Koon Holdings and its subsidiary Koon Construction & Transport (KCT) have applied for a 90-day debt moratorium as they intend to propose and implement a scheme of arrangement with their creditors.

Catalist-listed Fortress Minerals saw earnings double to US$2.5 million for Q2 FY2020 ended August, bolstered by a higher sales volume and selling price of its high-grade iron ore. Revenue for Q2 was up 18.4 per cent on year to US$7.78 million. This was due to an 11.4 per cent increase in sales volume to over 76,000 DMT, as well as a 13.1 per cent rise in the average realised selling price.

Mainboard-listed Duty Free International suffered a 60 per cent fall in earnings to RM4.9 million (S$1.6 million) for Q2 ended August, hit by a narrower profit margin and lower net gain in foreign exchange. This translates to an earnings per share of 0.41 sen for the quarter, compared to 1.02 sen previously.

Keppel DC Reit has raised S$242.8 million in gross proceeds from its oversubscribed preferential offering, the company announced in a bourse filing on Wednesday. The cash call is part of Keppel DC Reit's move to raise S$478 million via the offering and a separate private placement to fund its acquisition of two data centres in Singapore later this year.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR