Daily Debrief: What Happened Today

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Defence lawyers question estimated losses from departure of Prudential agents, US cloud provider 8x8 buys Singapore’s Wavecell for US$125m in cash,stock at

THE quota for Category A will contract by 25.8 per cent to 2,112 a month. Category B will be reduced by 8.6 per cent to 2,083 a month. The Open category shrinks by 5.3 per cent to 709 a month.THE purchaser, now an investor, may also at its option convert the full amount of the drawn down convertible loan of up to S$48 million into shares at a conversion price of S$0.01 apiece, conditional to conversion shareholder and regulatory approval.

THE tie-up will allow HFI to offer companies and investors in South Korea more access to private markets through CapBridge’s private capital eco-system.

Source: News Formal (newsformal.com)

 

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