Breaking News

NQ Gets Non-Binding Proposal From Bison Capital to Buy Company
Tweet TWEET

SINGAPORE DAYBOOK: Allgreen Offer, Capital Markets Forum

Malaysian billionaire Robert Kuok offered to buy all the shares in Allgreen Properties Ltd. through an investment holding firm, valuing the developer at S$2.54 billion ($2 billion).

WHAT TO WATCH:

*Allgreen Properties Ltd. (AG SP) said it received a takeover offer from Malaysian billionaire Robert Kuok of S$1.60 a share versus last traded price of S$1.15. Kuok group companies already hold 55.7% of the shares. *Bukit Sembawang Estates Ltd. (BS SP) said 4Q net income fell 34% to S$27.5m. *Keppel Corp. (KEP SP) said a unit won an order from Vision Drilling Pte. to build a jackup drilling rig for $180 million. *Kreuz Holdings Ltd. (KRZ SP) said it won contracts worth $44m. *Noble Group Ltd. (NOBL SP) approached banks seeking $2.25 billion of revolving credit facilities, according to a person familiar with the matter. The facility will pay a so-called blended margin of 162 bps more than Libor, the person said. *Nordic Group Ltd. (NRD SP) said it is seeking approval from shareholders to buy Multiheight Group for up to S$47m. *Silverlake Axis Ltd. (SILV SP) said it won a contract from Thanachart Bank. *Stamford Tyres Corp. (STC SP) said it bought the remaining 50% of STC Tyres (Malaysia). *Swiber Holdings Ltd. said it won contracts worth $109m for oil projects in Asia. *Unionmet Singapore Ltd. (UMS SP) said it sold its stake in Guangxi Crystal Union Photoelectric Materials Co.

CONFERENCES:

*Euromoney Australian and New Zealand Debt Capital Markets Forum 2011 held at Singapore Marriott Hotel. Speakers include New Zealand’s Finance Minister Bill English.

MARKETS:

S&P 500 down 1.2% to 1,317.37 Stoxx Europe 600 down 1.7% to 274.78 MSCI Asia Pacific down 2.2% to 131.60 Straits Times Index down 1.8% to 3,110.48

BTV:

7:10 a.m.: AMP Capital Head of Investment Strategy Shane Oliver 8:10 a.m.: Credit Suisse Analyst Gabriel Chan 8:40 a.m.: Synovate Motor Research Managing Director Klaus Paur 9:10 a.m.: Yuanta Securities Analyst Vincent Chen 9:40 a.m.: HSBC Global Head of Investment/Macro Philip Poole 10:10 a.m.: University of Sydney Professor Justin Hastings

To contact the reporter responsible for this story: Lars Klemming at lklemming@bloomberg.net

To contact the editor responsible for this story: Lars Klemming at lklemming@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.