Welcome to a brand-new week, Fools! Here are three things about the local stock market that you might be interested in today.
1. The Straits Times Index (SGX: ^STI), ended Monday at 3,262.10 points, surging 42.19 points or 1.3%.
The biggest winner of the lot was port operator, Hutchison Port Hldg Trust (SGX: NS8U). Its units zoomed up 3.5% to US$0.445.
None of the STI components finished Monday in the red.
2. Global Logistic Properties Ltd (SGX: MC0) is expanding into Europe by acquiring Gazeley – a developer, owner and operator of modern logistics facilities in Europe – for around US$2.8 billion. This will mark Global Logistic Properties’ entry into the European market.
Shares of the firm closed at S$3.31 today, up 0.3%.
3. Orochem Pte Ltd, a partnership between Rotary’s controlling Chia family and Oman Investment Fund, is to take Rotary Engineering Limited (SGX: R07) private. The exit offer will be S$0.46 and is at a 62% premium over the firm’s net tangible asset value per share of S$0.284, as at 30 June 2017.
Rotary Engineering’s shares last changed hands at S$0.45, up some 10%.
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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 contributor Sudhan P doesn’t own shares in any companies mentioned.