SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.
1. Sunningdale Tech to sell new shares to investors including Sam Goi. The issuance and placement of these shares will raise a total of about $25 million for the Singapore-listed maker of precision plastic components.
2. Eurosports Global to pay $1.5m for 60% stake in 3 companies. It will buy stakes in Autoinc Sports, Autoinc Lifestyle and Birel Singapore.
3. DBS launches cross-border yuan loans in Suzhou Industrial Park. The China unit of local lender DBS Bank has helped a Southeast Asian customer based in Suzhou Industrial Park obtain a yuan-denominated loan from the bank's Singapore headquarters.