1. The fall-out from the China stock market rout may hit a US$9 billion (S$13 billion) takeover bid for Internet service provider Qihu 360 Technology. If the deal materialises, it will set a record for being the largest deal for a US-listed Chinese firm.
2. Oil and gas construction firm AusGroup said profits fell 88 per cent to A$261,000 (S$260,836). Revenue rose 7.7 per cent to A$90.6 million. It is rebuilding its engineering services business and diversifying into ports and marine services.
3. Singapore-listed IHH Healthcare said it has inked a deal to buy 73.4 per cent of India's Ravindranath GE Medical Associates Private for 12.84 billion Indian rupees (S$273 million). The hospitals form one of the leading private hospital chains in India.
4. Property player UOL's chairman, Mr Wee Cho Yaw, continues to amass shares in the company. On Aug 26, he paid an average of $6.03806 per share for 342,100 shares for a total of about $2.07 million.
5. The chief executive and group managing director of Silverlake Axis Kwong Yong Sin bought 100,000 of the company's shares yesterday for $56,000.
The company saw its shares plunge earlier this week after a damaging shortseller's report.