PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: City Developments (CIT SP) and Hong Realty submitted the top bid of SGD 542.4mln for a 99-year leasehold residential site at Peck Hay Road and plan to develop a 39-storey project

TAIWAN

MediaTek (2454 TT) - Co. shares are poised for their best quarter on record, as investors bet a shift into AI chips. (Newswires)

SINGAPORE

City Developments (CIT SP) - Co. and Hong Realty submitted the top bid of SGD 542.4mln for a 99-year leasehold residential site at Peck Hay Road and plan to develop a 39-storey project with about 380 units. (Business Times)

Singapore Kitchen Equipment (SKE SP) - Co. said charges against its CEO and a senior manager relate to an alleged conspiracy to mislead auditors and falsify 102 payment vouchers linked to a SGD 742k bonus payment, with the board retaining both executives pending the outcome of the investigation. (Business Times)