Singapore share prices ended 0.75% higher on Wednesday. The blue-chip Straits Times Index rose 23.24 points to end at 3,141.57. Here are some stocks and factors to watch this Thursday morning:
Japan's Kirin Holdings has agreed to pay $2.7 billion for Fraser and Neave's food and beverage business, if a US$13.1 billion bid for F&N by a group led by property developer Overseas Union Enterprise goes through. F&N has also appointed J.P. Morgan (S.E.A.) as an independent financial advisor to review the Overseas Union-led bid, which came after firms linked to Thai billionaire Charoen Sirivadhanabhakdi made an offer for the conglomerate.
SC Global Developments said its chairman and chief executive Simon Cheong bought 2.49 million shares at $1.80 on the market, raising his stake in the company to 60.74% from 60.14%. Last week, Cheong launched a bid to privatise the property developer.
Property firm Far East Orchard signed a non-binding agreement with Toga Pty Ltd to explore the establishment of jjoint venture company in Australia, which will own the hospitality management business of Toga.
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