Thursday, October 11, 2012
12:45 PM Admin
FRASER AND NEAVE LTD, THAI BEVERAGE PCL
The Fraser and Neave board said a Thai takeover offer for the Singapore drinks and property group is "not compelling but fair". However, in a circular issued by F&N on Wednesday evening, directors who are shareholders said they did not intend to accept the offer -- putting pressure on the bidders to raise the price.
OVERSEAS UNION ENTERPRISE LTD
Property developer Overseas Union Enterprise confirmed reports that it had made a S$1.4 billion bid for the hospitality and serviced residence business of Fraser and Neave. It said the offer was in line with its long-term goal of growing its business and hospitality was one of its core areas.
ARA ASSET MANAGEMENT LTD
Dynasty Real Estate Investment Trust, which is managed by a unit of property fund manager ARA Asset Management and owns Chinese assets, is offering 893.9 million and 901.3 million units to investors at 4.40 to 4.70 yuan a unit, according to a prospectus filed on Wednesday for what will be Singapore's first yuan-denominated initial public offering.
SINGAPORE TELECOMMUNICATIONS LTD
Singapore Telecommunications said on Wednesday it has secured the broadcast rights to all 380 Barclays Premier League matches for the next three seasons starting August 2013.
SINGAPORE TECHNOLOGIES ENGINEERING LTD
Singapore Technologies Engineering said its aerospace arm has secured new contracts worth about S$590 million in the third quarter.