Lion City Morning Post | the local stock market starts at 10.8 this morning.

The most active stocks are $Seatrium(S51.SG)$ 、 $AMOS(RF7.SG)$And $Hoe Leong(H20.SG)$ 。

Cade Group sold off part of its stake in China Raffles Plaza for 9.6 billion yuan.
Cade Group ( $CapitaLand(C31.SG)$) announced before the market opened on Monday that it had reached a conditional agreement with Ping An Insurance Group to sell off its stake in six Raffles Plaza (Raffles City) projects in China for 46.7 billion yuan (S $9.6 billion).
The company said in a statement that the six Raffles projects are located in Shanghai, Beijing, Ningbo, Chengdu, Changning and Hangzhou.
The deal is expected to close in the third quarter. After the completion of the transaction, Cade Group's effective stake in the six projects is between 12.6% and 30%, and is expected to make a net income of more than 2 billion yuan to promote new economic assets.

1. Keppel Enterprises ( $Keppel(BN4.SG)$) sold its 20.05% stake in ARIP Public Company, a Thai media and project management company, for 60.7 million baht (S $2.6 million). The acquirer is Min Intanate, executive chairman and director of ARIP.

3. Ascot apartment Trust ( $CapLand Ascott T(HMN.SG)$) Park Hotel CQ, which operates Ocean View Hotel of Bole (Park Hotel Clarke Quay), has given notice of its intention to recover its assets because the other party is in arrears with rent. On June 18, the trust wrote to the tenant's parent company, Park Hotel Management, asking for an arrears of 5.92 million yuan. The company must pay off the arrears by 5pm on the 30th, otherwise the trust will terminate the lease.

4. USP Group ( $USP Group - watch list(BRS.SG)$) held a meeting with AJ Jetting on June 7 to discuss the sale of Biofuel Research, a subsidiary, and planned to extend the limitation date. The limitation date was extended to June 21, but AJ Jetting informed the company on the 18th that it would not proceed with its plan to acquire Biofuel Research. The two sides are negotiating and determining the terms of the sales agreement.

5. Kelly board listed company rice payment ( $OxPay Financial(TVV.SG)$The dispute between controlling shareholder Chen Jiguang and the company's board of directors continued to heat up. Chen Jiguang sent a letter refuting the board's claim, which responded that the nominating committee evaluated the candidates for directors in a fair and thorough way.