Stocks to watch: Sembcorp Industries, Singapore Paincare, Rex International
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Sembcorp Industries is in talks to acquire Australian utility Alinta Energy, with no definitive transaction yet. Singapore Paincare's privatisation offer by Advance Bridge Healthcare fell through due to unmet conditions. Rex International's subsidiary Jasmine Energy raised US$25 million in bonds for drilling and corporate purposes, with settlement expected on Dec 12. Sembcorp shares rose 0.5%, Singapore Paincare's privatisation offer was at a 27% premium, and Rex International's shares fell 0.7%.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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