Singapore share prices ended 0.4% lower last Friday. The blue-chip Straits Times Index dropped 11.96 points to end at 3,163.56. Here are some stocks and factors to watch this Monday morning:
Property developer SC Global's chairman and chief executive officer will not be raising his offer of $1.80 a share to buy the remaining stake in the company he does not own. The offer will close on Jan 16. SC Global said in response to a brokerage report that it was not in any discussions to merge with its second-largest shareholder Wheelock Properties (Singapore).
Keppel Land said it has bought a 6.6 hectare site for mixed use development in China's Jiangsu province for $82 million. The site will be used to develop 1,135 high-rise residential apartments and commercial components.
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