LONDON: On Jun 30, British bank NatWest sent out an arcane-sounding press release: Bus operator National Express had become the first company to take out a loan based on Sonia, a replacement for scandal-hit interest rate benchmark Libor. It was billed as the first switch of thousands that British ...

[LONDON] On June 30, British bank NatWest sent out an arcane-sounding press release - bus operator National Express had become the first company to take out a loan based on Sonia, a replacement for scandal-hit interest rate benchmark Libor.

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THE following companies saw new developments that may affect trading of their shares on Friday:

PRINTING firm A-Smart Holdings sank into the red with a net loss of S$128,000 for its third quarter ended Apr 30, compared to a profit of S$39,000 a year ago.

DATAPULSE Technology said on Wednesday that it is acquiring a 15 per cent stake in the Holiday Inn Express Euljiro hotel in Seoul for 8.6 billion won (S$10.2 million), in a joint venture deal with Bizcentre Capital.

THE following companies saw new developments that may affect trading of their shares on Friday:

MAINBOARD-LISTED A-Smart Holdings on Thursday said it has inked a joint-venture (JV) agreement with a group of private investors to develop a 14 to 16-storey mixed development, comprising luxurious residential apartments, retail and office property units, in Timor-Leste.

SIM Leisure Group's (SLG) debut on the Singapore Exchange's Catalist board today will see investors express how they feel about the bulk of its initial public offering (IPO) money going into redemption of S$5.6 million in preference shares.

The European Union must approve the tie-up between Germany's Siemens and French group Alstom , said French Finance Minister Bruno Le Maire, who added he would meet a main European regulator to express his support for the deal.