Stocks to watch: Thakral Corp, Fu Yu, IHH Healthcare
Thakral Corp : The mainboard-listed company on Tuesday announced the launch of an initial public offering (IPO) of GemLife Communities, an Australian over-50s lifestyle resort operator, to raise up to A$750 million (S$628.2 million) at an implied post-money valuation of A$1.58 billion. It is fully underwritten by JPMorgan and Morgan Stanley in Australia, noted Thakral, which holds a 31.7 per cent effective interest in GemLife. Thakral intends to subscribe for an additional 600,962 GemLife stapled securities at the IPO price of A$4.16 per stapled security, translating to a total of 64,000,962 GemLife stapled securities. Its shares closed 2 per cent or S$0.03 lower at S$1.44 on Tuesday, before the news.
Fu Yu : The components manufacturer on Tuesday said that it is actively seeking to appoint independent non-executive directors and has reached out to the Singapore Institute of Directors to invite suitable candidates to apply. This comes as all its independent directors resigned from the company's board recently. It added that it has agreed to table resolutions for the removal and appointment of directors, in response to its largest shareholder's request for it to do so under section 183 of the Companies Act 1967, having received legal advice that the request is valid and must be acted upon. The counter ended on Tuesday 5.3 per cent or S$0.005 lower at S$0.09.
IHH Healthcare: Insurer Great Eastern (GE) has temporarily suspended pre-authorisation certificates for IHH Healthcare's Mount Elizabeth Hospitals from Tuesday, due to high costs from Mount Elizabeth and Mount Elizabeth Novena hospitals, compared to other private hospitals. The suspension however will not affect other IHH hospitals and facilities such as Gleneagles and Parkway East. GE customers can still seek care from Mount Elizabeth and Mount Elizabeth Novena, but will have no pre-authorisation facility, with no change to their benefits and claims assessed as usual. Shares of IHH Healthcare closed flat at S$2.07 on Tuesday.
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Straits Times
3 hours ago
- Straits Times
McLaren's progress faster than Ferrari in Schumacher era -Stella
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Straits Times
4 hours ago
- Straits Times
It's mind over matter for Australia's diving champion Maddison Keeney
Sign up now: Get ST's newsletters delivered to your inbox Maddison Keeney diving her way to gold in the women's 1m springboard final at the World Aquatics Championships in Singapore on July 26. SINGAPORE – A fear of heights is a common phenomenon, with some studies published in the Journal of Neurology saying that roughly one in four people have it. What is far less common, however, is twisting and somersaulting in mid-air before plunging into a pool of water while carrying that fear. Yet Australian diver Maddison Keeney somehow manages to do just that. In an interview with The Straits Times, the 29-year-old said: 'When I was a kid, I didn't really do platform (dives). I didn't like going in planes (either). I don't like standing backwards on the five-metre (platform) so anything higher than that, I'm like 'no thanks'.' She compromised by becoming exclusively a springboard diver at more comfortable heights of one and three metres. Naturally a sporty kid from a young age, taking part in athletics, basketball and field hockey in school, her mother enrolled her in an after-school beginner diving programme after discovering her affinity for the water. She said: 'We had a pool at home and a pool ring. I liked jumping into the ring, so she thought that (diving) would be a good idea.' It turned out to be a lot more than that. Keeney is one of Australia's most decorated divers and her latest silver medal in the mixed 3m synchronised at the World Aquatics Championships (WCH) in Singapore on July 30 adds to her already outstanding medal tally. Top stories Swipe. Select. Stay informed. 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Her left knee suffered cartilage damage while her left shoulder had internal impingement and she required surgery in both places, forcing her out of the pool from September 2020 to January 2021. 'My shoulder was sore for a long time (after the surgery). I remember I did a forward entry on (the) three metre. It was scary putting my arm up again because I wasn't sure if something was going to go wrong,' said Keeney, who failed to qualify for the Tokyo Olympics in 2021 . She added: 'It felt like the end of the world because you tie so much of your self-worth to diving and your results and when you can't dive, everything just feels awful. I was afraid that I wasn't going to be able to get to that level again.' Having to watch her compatriots on TV was disappointing, but at the same time, she was relieved to have a break. Striking double gold medals at the 2022 Commonwealth Games – her second major competition since injury – was just the start of her comeback arc, ultimately culminating in a silver medal in the women's 3m springboard at the Paris 2024 Olympics. 'Everything was all worth it,' recalled Keeney, who won the women's 1m springboard title at the 2025 WCH on July 26 and will be eyeing her third medal in Singapore when she competes in the 3m springboard on Aug 2. 'It was a testament to my character, kind of how far I've gone because it had been eight years since Rio (2016 Olympics). I'm always afraid that as I get older, I'm not going to get any better.' But with age comes experience and the Perth native has since turned big sister following the retirement of her synchro partners Anabelle Smith (women's) and Domonic Bedggood (mixed) after the Paris Games. 'It's weird. Now I'm the older mature one, so it's something I need to get used to,' she said. Cassiel Rousseau , her new mixed 3m synchronised partner, has found her to be 'amazing', adding: 'Standing next to Maddison just makes me a lot more confident with my dives.' In a sport dominated by China, Keeney has consistently shown her ability to compete with the world's finest even when injury struggles threatened to slow her down . 'I work very hard. I want to be one of those people that pushes everyone to get better. I like to think that I'm pushing them (the Chinese) to get better as well,' said Keeney, who is friends with China's Chen Yiwen and Chang Yan i, the two divers she shared the podium with in Paris . Another chapter in their friendly rivalry was written at the OCBC Aquatic Centre on July 29 when Chen and partner Chen Jia won the women's 3m synchronised final, while Keeney and her teammate Alysha Koloi finished fourth. Their friendship is a heartwarming reminder of the spirit and mutual respect derived from sport. With a smile, she said: 'We're always just standing on the boards, having a laugh (with) each other. I visited them when I went to Beijing at the end of last year. 'Yiwen's English is really good, so she bridges the gap between a lot of the Chinese athletes and us, a really good character outside of the pool as well. She's such a hoot.'
Straits Times
6 hours ago
- Straits Times
Norris leads McLaren one-two in first Hungarian practice
Sign up now: Get ST's newsletters delivered to your inbox BUDAPEST - Lando Norris lapped 0.019 of a second quicker than Formula One championship leader Oscar Piastri as the McLaren pair finished one-two in first practice for the Hungarian Grand Prix on Friday. Norris, 16 points behind his Australian teammate going into the last race before the August break, lapped the Hungaroring with a best time of one minute 16.052 seconds with the soft tyres on a sunny afternoon. The Briton was on pole at the circuit last year in a race won by Piastri, his first victory in F1. Ferrari's Charles Leclerc was third fastest, 0.217 off the pace, with Racing Bulls' French rookie Isack Hadjar in fourth. Lewis Hamilton, winner a record eight times in Hungary, was fifth for Ferrari and suffered a big lock-up as he wrestled with the car. Oliver Bearman was sixth for Haas, ahead of Mercedes pair Kimi Antonelli and George Russell with Red Bull's reigning champion Max Verstappen ninth and Lance Stroll completing the top 10 for Aston Martin. Russell complained about his car's balance and said it was hard to turn. Top stories Swipe. Select. Stay informed. Tech Reporting suspected advanced cyber attacks will provide a defence framework: Shanmugam Business Singapore's US tariff rate stays at 10%, but the Republic is not out of the woods yet World As China-US tariff truce talks drag on, what are prospects for a 'big deal' for Trump? Singapore Thundery showers expected on most days in first half of August Singapore SPH Media awards three journalism scholarships to budding newsroom talent Singapore Synapxe chief executive, MND deputy secretary to become new perm secs on Sept 1 Singapore 5 women face capital charges after they were allegedly found with nearly 27kg of cocaine in S'pore Business Sumo Salad had valid insurance coverage for work injury claims: MOM Verstappen's Japanese teammate Yuki Tsunoda was only 17th. Brazilian Felipe Drugovich stood in for Fernando Alonso at Aston Martin, with the Spaniard suffering from back pain, and was 16th fastest. Estonian Paul Aron also took Nico Hulkenberg's Sauber for the session and was last after having to stop before the midpoint of the session due to a technical problem. REUTERS
