Suntec will acquire a 50 percent stake in Olderfleet, 477 Collins Street.
Net profit attributable to shareholders rose to S$2.8 million in the three months ended June 3.
The Straits Times Index gained 0.53 percent or 18 points to end at 3,328.
Bieber also canceled the remainder of his "Purpose" world tour without specifying any reason.
Losses due to the poor performance of its tyre distribution business.
India's broader index Nifty briefly crossed the 10,000 level while Sensex hit a fresh record high on Tuesday, after better-than- expected quarterly earnings.
Alibaba and Tencent are expected to dominate the Southeast Asian market with billion dollar investments.
Net profit after tax fell to S$22.2 million in the three months ended June 30.
Lenders such as DBS Group added 0.6 percent and Oversea-Chinese Banking Corp gained 1.5 percent.
The corporate earnings season for the April-June period has started on an encouraging note.
Lenders such as DBS Group added 0.33 percent and Oversea-Chinese Banking Corp gained 1.2 percent.
International Healthway will report its financial results on or before July 31.
Net profit rose to S$279.5 million in the three months ended June 30.
About 19.6 million shares have changed hands on the counter.
Shares are expected to start trading on July 28.