Good morning moomooers! Here are things you need to know about today's Singapore:

• Singapore stocks fall at Thursday's open, tracking Wall Street sell-off; STI down 0.3%

• Lim Jit Poh to retire as chairman of SBS Transit, effective April 29

• LHN acquires Amber property through JV company for $27 mil

• Olam prices US$100 mil 5-year notes through private placement

• Stocks to watch: Sabana Reit, Penguin, Olam, SBS Transit, Khong Guan

-Moomoo News SG

Market Trend

Singapore stocks opened lower on Thursday, following Wall Street's weak lead overnight.

The benchmark $FTSE Singapore Straits Time Index(.STI.SG)$ fell by 0.3 per cent or 8.05 points to 3,125.26 as at 9 am. Gainers outnumbered losers 83 to 40 after 65.7 million securities worth S$94.3 million changed hands.

Breaking News

Lim Jit Poh to retire as chairman of SBS Transit, effective April 29

The annual general meeting (AGM) for public transport operator SBS Transit will be held on April 29, following the announcement that chairman Lim Jit Poh will be stepping down.

Mr Lim, who has been the chairman of $SBS Transit(S61.SG)$ since 2003, will not stand for re-election at the AGM. He will remain as senior adviser to provide continuity to the group "as it navigates a changing environment in a tightly regulated industry", according to a press statement on Thursday. Mr Lim will also remain as chairman of $ComfortDelGro(C52.SG)$ and $VICOM Ltd(WJP.SG)$ for now, but will retire from those positions in the next couple of years.

LHN acquires Amber property through JV company for $27 mil

$LHN(41O.SG)$ has, through its joint venture company (JVC), accepted the option under the option to purchase for the acquisition of the Amber property at the purchase price of $27 million.The option to purchase has become the binding sale and purchase agreement (SPA) for the Amber property. As at March 24, the JVC has paid $1.35 million or 5% of the purchase price. The balance of $25.65 million will be paid upon the completion of the acquisition. The acquisition is expected to be completed by June 8. The consideration will be paid through bank borrowings and the JVC’s internal resources.

Olam prices US$100 mil 5-year notes through private placement

$Olam Intl(O32.SG)$ has priced US$100 million ($134.3 million) worth of five-year notes via a private placement under Olam’s US$5 billion Euro Medium Term Note Programme.The notes, which are due 2026, will carry a fixed coupon of 3.25% payable semi-annually in arrears. They will be issued on March 31.

Stocks to watch

$Sabana Reit(M1GU.SG)$: Two appointed independent non-executive directors of the manager of the Reit, Yeo Wee Kiong and Willy Shee, have tendered their resignation following "certain unitholders" refusal to endorse their appointments, the Reit's manager announced in regulatory filings on Wednesday night. Units of the Reit closed flat on Wednesday at 38.5 Singapore cents.

$Penguin Intl(BTM.SG)$: The offer for mainboard-listed Penguin closed with the offeror and its concert parties holding an aggregate of 166.6 million shares, representing 75.68 per cent of the shares in the company, the firm said in a regulatory filing on Wednesday night. Penguin's shares closed flat at S$0.65 on Wednesday.

$Olam Intl(O32.SG)$: The food and agri-business group has priced US$100 million in five-year notes due 2026, via a private placement, the firm said on Wednesday night in a filing. The notes will be issued on March 31 at a fixed coupon of 3.25 per cent, payable semi-annually in arrears. Shares of Olam closed flat at S$1.66 on Wednesday.

$SBS Transit(S61.SG)$: Lim Jit Poh will retire as chairman of the bus and rail operator after 18 years at its helm. Following the annual general meeting of the group, which will be held on April 29, Mr Lim will remain as senior adviser of SBS Transit. Shares of SBS Transit fell 0.3 per cent or S$0.01 to close at S$3.06 on Wednesday.

$Khong Guan(K03.SG)$: SGProtein, a Singapore-based startup which manufactures plant-based meat, has raised S$4 million in a seed round led by biscuit maker Khong Guan. Shares of Khong Guan rose 1.3 per cent or S$0.02 to close at S$1.51 on Wednesday.