21 December 2012

Singapore Stock Market Daily Update - 21 December 2012

Singapore shares opened higher on Friday with the Straits Times Index up 2.39 points to 3,177.91. Gainers beat losers 106 to 36. Volume was 142.1 million shares valued at S$100.8million.
GLP announced that the real estate investment corporation (GLP J-REIT) it has established has successfully completed its initial public offering (IPO) in Japan and listed on the Tokyo Stock Exchange. GLP is contributing 30 of its properties in Japan to GLP J-REIT for an initial consideration of US$2.6 billion, making GLP J-REIT the largest logistics Reit in Japan.
STX OSV announced that 50.75 per cent of the company will be acquired by one of the world's largest shipbuilding groups Fincantieri for about S$730.6 million, at S$1.22 per share. The acquisition is bought through Fincantieri's wholly owned subsidiary Fincantieri Oil & Gas S.p.A. STX Europe was the seller.
Olam - Olam said on Thursday in an update, that Temasek Holdings (Private) Ltd increased its shareholdings in Olam International Ltd from 17 per cent to 18 per cent. 

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