Market Round-Up: What did you miss? A quick look at all the market moving events and big financial news of the day. From Koda's profit surge to CapitaLand management changes, get your daily dose of all the latest in the world of business right here.
Singapore stocks fell on Tuesday, dragged down by lenders such as DBS Group Holdings amidst renewed geopolitical worries after North Korea fired a missile over northern Japan. The Straits Times Index fell 0.56 percent or 18 points to end at 3,249. Singaporean conglomerate Keppel Corp said its Keppel Land has priced S$150 million worth of 2.843 percent notes due 2023. The stock was down 0.8 percent. CapitaLand announced a slew of management changes, including the appointment of Jason Leow as chief operating officer. CapitaLand shares fell 0.5 percent. Coal miner Geo Energy Resources gained 2 percent after it formed a new subsidiary to invest in a controlling stake in an online e-commerce portal in Indonesia. Swiber Holdings said the creditors have commenced the voluntary liquidation of its unit Swiber Engineering. Furniture maker Koda reported a near 156 percent jump in full-year net profit, powered by streamlining of its manufacturing operations coupled with the expansion of its retail brand Commune. A consortium led by Singapore-listed property developers Perennial Real Estate Holdings and Yanlord Land Group have extended their takeover offer for United Engineers to September 12. Global Logistic Properties signed an agreement to sell four Japanese properties for US$472 million, as part of its capital recycling strategy.