Shares in Singapore rose in line with most Asian markets to end firmer on Monday. The Straits Times Index gained 26.78 points, or 0.88%, to 3,055.72. Here are some factors and company news that could affect the market this Tuesday morning:
Indonesia's Indofood, one of the world's biggest instant noodle makers, has launched a takeover offer for China Minzhong that values the food producer at $734 million, just days after an attack by a short-seller eroded almost half of the Chinese firm's market value.
Singapore-listed Vard Holdings said it has secured a contract for the design and construction of one platform supply vessel for Carlotta Offshore. The value of the contract was not disclosed.
Singapore-listed water treatment firm United Envirotech said it has issued $50 million fixed rate notes due in 2016 carrying 7.25%.
This blog publishes market news relating to the companies listed in Singapore Exchange, as well as business news in general. You can search and find all the past market and business news by searching within this Blog.
Tuesday, September 3, 2013
Sept 3: China Minzhong, Vard, United Envirotech
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