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Mapletree Commercial Trust (N2IU.SI)

SES - SES Delayed Price. Currency in SGD
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1.7700+0.0300 (+1.72%)
At close: 05:12PM SGT
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  • Reuters SG

    Deals of the day-Mergers and acquisitions

    ** Apollo Infrastructure, a unit of investment firm Apollo Global Management Inc, has agreed to buy a stake in Spanish road freight operator Primafrio. ** The London Stock Exchange Group said it will sell its wealth management technology operations BETA+ for $1.1 billion to affiliates of Clearlake Capital Group and Motive Partners to cut the exchange's leverage. ** Warren Buffett's Berkshire Hathaway Inc has struck an $11.6 billion deal to buy Alleghany Corp, the owner of reinsurer TransRe, just weeks after the 91-year-old billionaire bemoaned the lack of good investment opportunities.

  • Reuters

    Activist shareholder Quarz objects to terms of $3 billion Singapore REIT merger

    SINGAPORE (Reuters) -Activist investor Quarz Capital Management said it is opposed to the terms of a proposed S$4.2 billion ($3.1 billion) merger of two Temasek-linked Singapore real estate investment trusts, saying the target firm was significantly undervalued. It is urging Mapletree North Asia Commercial Trust (MNACT) to negotiate an improved offer from Mapletree Commercial Trust (MCT), according to a Feb. 9 open letter reviewed by Reuters. Quarz, which has previously been successful in blocking a Singapore REIT deal, says it and its affiliates hold stakes that rank them among the top 10 unitholders of MNACT .

  • Reuters SG

    EMERGING MARKETS-Philippine peso dips most since February as virus curbs extended

    * Peso hits lowest since May 28 * Singapore stocks at near 3-week high * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Asian stock markets: https://tmsnrt.rs/2zpUAr4 By Shashwat Awasthi June 15 (Reuters) - The Philippine peso fell the most in almost four months on Tuesday after partial coronavirus curbs were prolonged and quarantine measures tightened in some parts of the country until end-June to control infections. Most other emerging Asian currencies traded flat to slightly lower as the U.S. dollar held steady and Treasury yields recovered from three-month lows ahead of a much anticipated Federal Reserve meeting. Among regional stocks, Singapore's benchmark index climbed 0.8%.