Singapore Shares Fall as US Economy Reports Gains; NIO Jumps 6%; Hai Leck Surges 33%

MT Newswires12-09

Singapore's stock market remained largely muted on Monday, as the city state's foreign exchange reserve fell in November, while the US economy registering an improvement in its employment rate for November.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,786.05 and 3,799.23 throughout the day. It ended the session at 3,794.92, down 1.24 points or 0.03% compared to Friday's close.

In economic news, Singapore's foreign exchange reserves declined to SG$505.74 billion in November from SG$507.61 billion in October, according to preliminary data from the Monetary Authority of Singapore.

In company news, shares of Hai Leck Holdings (SGX:BLH) surged nearly 33% after its founder, Cheng Buck Poh, through Cheng Investment Management, made an offer to fully acquire the company's issued ordinary shares, via a scheme of arrangement.

Suntec Real Estate Investment Trust (SGX:T82U) was down over 2% at the close after RHB advised unitholders to reject a mandatory conditional cash offer made by Gordon Tang and Celine Tang to acquire the REIT's shares.

Meanwhile, shares of Lendlease Global Commercial REIT (SGX:JYEU) were down nearly 1% at the close after the REIT secured loans worth up to SG$760.0 million yuan to refinance its existing financial debts.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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MultiBaggers
12-09
MultiBaggers
Hai Leck's CEO is the father of Cheng Li Hui, the disgraced MP who was in an extramarital affair with Tan Chuan Jin. Singapore may forgive but will never forget.

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It ended the session at 3,794.92, down 1.24 points or 0.03% compared to Friday&#39;s close.</p><p>In economic news, Singapore&#39;s foreign exchange reserves declined to SG$505.74 billion in November from SG$507.61 billion in October, according to preliminary data from the Monetary Authority of Singapore.</p><p>In company news, shares of Hai Leck Holdings (SGX:BLH) surged nearly 33% after its founder, Cheng Buck Poh, through Cheng Investment Management, made an offer to fully acquire the company&#39;s issued ordinary shares, via a scheme of arrangement.</p><p>Suntec Real Estate Investment Trust (SGX:T82U) was down over 2% at the close after RHB advised unitholders to reject a mandatory conditional cash offer made by Gordon Tang and Celine Tang to acquire the REIT&#39;s shares.</p><p>Meanwhile, shares of Lendlease Global Commercial REIT (SGX:JYEU) were down nearly 1% at the close after the REIT secured loans worth up to SG$760.0 million yuan to refinance its existing financial debts.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b6cb3bfcf15ec9acdf3595549aaae588\" tg-width=\"364\" tg-height=\"2241\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999007892.SGD":"PHILLIP SINGAPORE REAL ESTATE INCOME FUND \"A\" (SGD) INC","T82U.SI":"新达产业信托","BK6512":"房地产股","BK6088":"石油天然气设备与服务","BK6522":"化石燃料股","BK6011":"零售业房地产投资信托","BK6072":"多样化房地产投资信托v","CFA.SI":"NikkoAM-STC Asia REIT","BK6137":"零售房地产信托","STI.SI":"富时新加坡海峡指数","SG9999007918.USD":"PHILLIP SINGAPORE REAL ESTATE INCOME FUND \"A\" (USDHDG) INC","BLH.SI":"海陆控股","JYEU.SI":"Lendlease Reit"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2490259749","content_text":"Singapore's stock market remained largely muted on Monday, as the city state's foreign exchange reserve fell in November, while the US economy registering an improvement in its employment rate for November.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,786.05 and 3,799.23 throughout the day. 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