The global equity rally paused overnight after a strong start to the week, with European shares slipping alongside U.S. stock futures. The dollar snapped a five-day losing streak. The Stoxx Europe 600 Index fell, dragged lower by banks and health care shares, as data showed German industrial production rose less than forecast in May, underscoring the challenges as the region emerges from lockdown. The Shanghai Composite climbed for a sixth day, iron ore futures jumped and the offshore yuan briefly strengthened through the 7 per dollar level for the first time since March.

Global technology solutions provider CSE Global on Tuesday announced that Heliconia Capital Management, an investment firm owned by Temasek Holdings, has emerged as its substantial shareholder following the acquisition of a 25.03 per cent stake through a married deal with Serba Dinamik International Ltd.

Mainboard-listed Boustead Singapore has reported S$434.5 million in revenue for its second half, a 61-per-cent year-on-year increase. However, its net profit climbed at a slower pace of 11 per cent to S$18.5 million, mainly due to gross margin pressure, other losses largely due to fair-value losses on investment securities, higher administrative, finance and income tax expenses, and impairment losses related to the end of legacy projects.

Accordia Golf Trust (AGT), which owns 88 golf courses across Japan, on Tuesday urged its unitholders to carefully review its circular before deciding how they will vote for the proposed divestment. This was in response to an open letter by the trust’s largest minority unitholder, Hibiki Path Advisors, who said last Friday that the price offered by Accordia Golf is too low, as these assets generate "significantly attractive cash flow".

Singapore Press Holdings (SPH) on Tuesday said it has filed an amended defence as well as a counterclaim for a lawsuit against it by Samuel Cranage Baker and Jeremy Lee Chuen Yang. The two plaintiffs have commenced legal proceedings against SPH and its wholly-owned subsidiary SPH Interactive (SPHI) for alleged minority oppression against them.

Catalist-listed GS Holdings has entered into a conditional sale and purchase agreement with GreatSolutions - a former wholly-owned subsidiary - for the disposal of the entire share capital of GS Cleaning Services and GS Equipment Supply.

Spackman Entertainment Group has entered into a non-binding letter of intent (LOI) with the representative of a potential buyer keen to buy its Zip Cinema subsidiary. Zip Cinema is a South Korean production house which originates, produces and invests in theatrical films. It is a major asset of Spackman, the company disclosed in a regulatory update on Tuesday.

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