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Author: traderhub8   |   Latest post: Fri, 20 Sep 2019, 9:00 AM


Phillip Capital Morning Note

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U.S. President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade negotiations or he would terminate the trilateral trade pact altogether.

Qatar plans to invest billions of dollars more in Germany and will broaden its focus to the country's medium-sized companies.

Ford Motor Co plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year.

Founder and CEO of JD.com Richard Liu was arrested Friday in Minnesota on a charge of criminal sexual conduct before being released a day later.

UNITHOLDERS of ESR-Reit on Friday approved a merger with Viva Industrial Trust.

FRASERS Logistics & Industrial Trust has acquired two prime industrial properties in Australia from Frasers Property Australia Pty Limited, a wholly-owned subsidiary of sponsor Frasers Property Limited for a total of A$62.6 million (S$62.3 million).

Tee Medical Services’ acquisition of the Medical Waste Treatment Business from SembCorp Environment Pte. Ltd. has been completed.

Golden Energy and Resources has completed the acquisition of 66.9998% of the issued and paid-up share capital of PT Golden Energy Mines Tbk (“GEMS”).

IMPERIUM Crown on Sunday said its subsidiary, Fei County Wonder Stone Characteristic Town Development, has signed a non-binding memorandum of understanding (MOU) with Sim Leisure Group (SLG) to collaborate to build Escape Theme Park at its Wonder Stone Park in Shandong, China.

AsiaMedic said on Sunday that its sales and purchase agreement (SPA) to acquire LuyeEllium Healthcare Co has lapsed.

OCBC Bank chief operating officer Ching Wei Hong will be the next chairman of electronic funds transfer group Nets, beginning Sept 1.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research

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