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Author: traderhub8   |   Latest post: Mon, 11 Nov 2019, 5:15 PM

 

Phillip Capital Morning Note - 10 Sept 2019

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Trans-cab Services, Singapore's second-largest taxi operator, is reviving its plans for an initial public offering (IPO), according to people with knowledge of the matter, as the city-state prepares to tighten regulations on its ride-hailing rivals.

Capitaland announced on Monday that its shopping mall Raffles City Chongqing in China saw over 900,000 visitors during its opening weekend, following its launch on Sept 6.

KOSDAQ-listed electronics components company Magic Micro has emerged as a substantial shareholder of Raffles Infrastructure Holdings on Monday, with a 20.3 per cent stake acquired in an off-market deal at S$0.50 a share.

Ascott Reit Manager announced the establishment of Ascott Business Trust (Ascott BT), in a filing to the Singapore Exchange late on Monday.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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