This morning, China held a property press briefing, but no new policies were announced to address the struggling property sector. However, the People’s Bank of China is increasing funding to support state buybacks of unsold homes. The market remains cautiously optimistic as the government shifts focus toward demand stimulation. As a result, both the HSI and SSE saw gains during the briefing, but they eventually traded down by the close of the session.
I didn’t take an...

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$CapLand IntCom T (C38U.SG)$ earlier announced that it is acquiring a 50% stake in ION Orchard and it has announced a rights issue offering to existing unit holders to fund the acquisition. Unit holders are offered the rights to buy 56 units for every 1000 units at $2.007 each. The rights issue price is more than 5% discount as compared to the current price.
The unit holders would have already received email from moomoo by now requesting for your...