Fullerton eyes S$300 million IPO to drive regional expansion
A man leaves the SGX Singapore Exchange building in Singapore's central business district January 7, 2016.
  • Singapore stocks gained for a second day on Friday, led by financials while positive Asian sentiment also supported risk appetite.
  • The Straits Times Index advanced 0.9 percent or 29 points to end at 3,291.
  • United Food Holdings, a producer and supplier of soybean products, gained 1.4 percent after saying it would buy 80 percent stakes in each of three animal feed-related companies in China for 120 million yuan (S$24.5 million).
  • Singapore Airlines has commenced a three-year turnaround plan to review work processes and operations companywide, Straits Times reported on Friday. Shares of the airline rose 0.8 percent.
  • Builder Soilbuild Construction said it won a S$50 million contract by SB (Waterfront) Investment to erect a 7-storey single user general industrial factory development. However, its shares fell about 4 percent.
  • The government will release Singapore's third-quarter advance growth estimates and monetary policy decision on October 13 at 8am local time.
  • Singapore's Normanton Park, a development near Science Park, was purchased by Chinese firm Kingsford Huray Development for S$830.1 million.