The Week In Numbers: Super Returns

The Netherland’s coffee company, Jacobs Douwe Egbert, has launched an S$1.45 billion bid to buy Super Group (SGX: S10). The deal, which has the backing of Super Group’s majority shareholders, has already achieved the minimum acceptance hurdle. But the coffee maker still requires regulatory clearance in Singapore and the Philippines.

Singapore Exchange (SGX: S68) has rapped Swiber Holdings (SGX: AK3) over the knuckles for misleading investors. The offshore contractor has been reprimanded for “failing to provide a balanced and fair announcement” to shareholders and bondholders. It concerns a US$710 million project awarded in West Africa in 2014.

All eyes are on Global Logistics Properties (SGX: MC0) following a 14.5% intraday surge in its share price. The market chatter has it that the property company is in the crosshairs of China sovereign wealth funds. The company, however, said it was not aware of any information which might explain the unusual price movements.

DBS Group (SGX: D05) has scooped up most of ANZ’s Asian wealth and retail business for S$110 million. The deal includes S$23 billion of Assets Under Management, which are mainly in Singapore and Hong Kong.

Just when you thought it was safe to get back in the water, the High Court in London has thrown a spanner in the works. It said the British government cannot trigger Article 50 without parliamentary approval. Given that most members of the House of Commons wanted Britain to stay in the European Union, the court ruling has created more uncertainty for the markets.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned. Super Group has been recommended by Stock Advisor Gold.