Man U skips Singapore and files for IPO in U.S. instead
(PHOTO- Bloomberg) (3 Jul) - Manchester United Ltd., the English soccer team with a record 19 national championships, filed to raise $100 million in a U.S. initial public offering. The club didn’t say how many shares it will offer or at what price in a filing yesterday with the U.S. Securities and Exchange Commission. The...
Temasek group net profit falls 16% to $11B
Temasek Holdings announced on Thu (5 Jul) that its group net profit for the year ended 31 Mar fell 16% to $10.7 billion from $12.7 billion last year, amid a slower global economy. The drop in net profit was due to fall in contributions from its portfolio companies. Singapore Airlines, in which Temasek has a 56 percent stake,...
Justice Pillai dismisses AG’s application to strike out Hougang by-election case
The Honourable Justice Philip Pillai Justice Pillai has dismissed AG's second attempt to strike out the Hougang by-election case, in High Court today (5 Jul). Justice Pillai has now set 16th and 17th of July as the hearing dates for the Hougang by-election case in open court. Mdm Vellama, 42, filed her application in High Court...
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