Latest Stock Market News

Soilbuild Business Space REIT issued 111.8 mn new shares at S$0.805 apiece. Net proceed of S$88.4 mn is intended to help fund the proposed acquisition of 72 Loyang Way.

Cosco Corporation (Singapore) Limited secured a vessel conversion contract worth US$95 mn. It is scheduled for delivery in
4Q2016.

United Envirotech Ltd. agreed to invest US$30 mn to build and operate an industrial park wastewater treatment plant in Jiangsu, China.

Viva Industrial Trust's 1QFY15 DPS came in 8.6% higher YoY at 1.87 S-cents, with better performance attributable to new additions to its portfolio and higher rental contributions.

Creative recorded a higher net loss YoY of US$11.7m for 3QFY15, mainly due to foreign exchange loss and impairment loss on investments.

Elec & Eltek International is expected to record a loss for 1QFY15 due to slower order intake and a charge for potential quality claims from customers.

F J Benjamin Holdings' subsidiary entered into an agreement for the sale of its four property units in Hong Kong for HK$86.3m (S$14.5m), as the group intends to divest its non-core assets.