PRE-MARKET SINGAPORE STOCKS NEWS: City Developments (CIT SP) plans to deploy SGD 5bln in growth capital and target SGD 6bln in divestments across its portfolio over the next three years, Taiwan markets are closed for holiday
City Developments targets SGD 5bln in growth capital and SGD 6bln in divestments, Centurion acquires a Hong Kong building, and TSMC accelerates 2nm capacity expansion amid higher client bookings.
News detail
SINGAPORE City Developments (CIT SP) - Co. plans to deploy SGD 5bln in growth capital and target SGD 6bln in divestments across its portfolio over the next three years. (Business Times) Centurion Corporation (CENT SP) - Co. entered into a sale and purchase agreement to acquire Yan Woo Building in North Point, Hong Kong, for HKD 364mln. (Business Times) Oiltek International (OTEK SP) - Co. submitted an application for its proposed secondary listing on Bursa Malaysia on September 25th. (Business Times) Tech - Nasdaq closed with mild gains on Friday, although futures are slightly lower at the start of the week. TAIWAN (CLOSED) TSMC (2330 TT) - Co. is sharply accelerating its capacity expansion as Apple (AAPL), NVIDIA (NVDA), AMD (AMD), Qualcomm (QCOM), MediaTek (2454 TT) and others increase their 2nm bookings by 10-20% amid strong AI and HPC demand. (Newswires)
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