Overnight Market Brief – 4 October 2021

Singapore shares ended lower last Friday tracking regional peers, following another round of selloffs on Wall Street. Singapore Technologies Engineering (ST Engineering), the engineering and aerospace giant has agreed a deal of U$2.68 billion in cash to buy two US-based firms that provide technical solutions and engineering services to the transportation industry. The mainboard-listed firm’s acquisition of the entire interests in TransCore Partners and TLP Holdings will boost the growth of its smart city business and position it as a market leader in smart mobility.

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