Selective Capital Reduction For Best World On The Pipeline? Why Not A Buy Out? (Money FM)

Gold surges to record high on Fed Chair Jerome Powell’s comments; Google reportedly considering charging for new AI-run, “premium” features; TikTok Shop and Tokopedia complete system integration; Cromwell E-REIT’s divests property in Poland; Best World Intl propose to cancel shares
Singapore stocks inched up at the opening bell today, following mixed overnight results in US and European markets.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,238.13 points after 35.6 million securities changed hands in the broader market.
In terms of companies to watch, we have  Cromwell European REIT, after the Reit divested a non-core office property in Poland for 15.9 million euros (S$23.1 million).
Elsewhere, from Google considering charging for new “premium” features run by artificial intelligence to Tokopedia and TikTok Shop completing backend integrations as per merger requirements to operate in Indonesia, more corporate and international headlines are in focus today.