SINGAPORE DAYBOOK: Jardine Cycle, Saizen REIT, KSH Holdings Ltd.
A unit of Jardine Cycle & Carriage Ltd. said Indonesia’s February domestic vehicle sales fell to 69,489 units from 73,866 units a month earlier, citing data from the nation’s automotive industries association.
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*Eratat Lifestyle Ltd. won an order worth 40 million yuan ($6.1 million) from a trade exhibit last month. *Jardine Cycle & Carriage Ltd. said Indonesia’s February domestic vehicle sales fell to 69,489 units from 73,866 units a month earlier. *KSH Holdings Ltd. will jointly invest S$25 million with Heeton Venture Pte and TEE Property Pte to develop a property in China. It will hold a 60 percent stake in the joint venture. *Saizen Real Estate Investment Trust said its 146 properties in Japan are intact. *UMS Holdings Ltd. received in-principle approval from the Singapore Exchange to list in South Korea. *Uni-Asia Finance Corp. raised its stake in Matin Shipping Ltd. to 49% from 40%.
S&P 500 up 0.3% to 1,297.54 Stoxx Europe 600 up 0.5% to 273.11 MSCI Asia Pacific down 0.2% to 132.71 Straits Times Index up 0.7% to 3,022.19
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