Offeror holds 75.68% stake in Penguin International after market acquisition
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Stocks to watch: Sabana Reit, Penguin, Olam, SBS Transit, Khong Guan.
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Singapore stocks rose in early trade on Tuesday morning, shadowing a record close on Wall Street the day before.
Penguin's acquisition offeror garners about 59.71% of shares
Mandatory offer for Penguin turns unconditional; closing date extended