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Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From City Developments' offer for Millennium & Copthorne Hotels to Sembcorp Marine's sale of rigs, get your daily dose of all the latest in the world of business right here.

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SGX Logo. Reuters
  • Singapore stocks ended little changed on Monday as investors took a back-seat after the index posted its best weekly advance since January in the previous session.
  • The Straits Times Index rose 0.01 percent or 0.27 point to end at 3,291.
  • Property developer City Developments gained 1.5 percent after it offered to buy the remaining shares in its London-listed hotel arm Millennium & Copthorne Hotels for 1.8 billion pounds ($2.35 billion).
  • Sembcorp Marine jumped about 5 percent after its unit PPL Shipyard signed agreements for the sale of nine Pacific Class 400 jackup drilling rigs for about US$1.3 billion (S$1.77 billion).
  • Singapore conglomerate Keppel Corp added about 1 percent after saying it received an eligibility-to-list letter from the SGX for the proposed initial public offering of a U.S. commercial real estate investment trust on the mainboard.
  • Aircraft maintenance company SIA Engineering on Friday said it would collaborate with Air India's subsidiary to provide maintenance, repair and overhaul services in India. Shares in the company were unchanged at S$3.19.
  • Commodity trader Noble Group lost 1.3 percent after saying it will announce the consideration paid by Mercuria Energy America Inc for its unit after adjustments for closing date net working capital.
  • Engineering services provider Boustead Projects said its unit Boustead Projects E&C Pte secured S$56 million of contracts in Singapore.

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