PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: CapitaLand (CAPL SP) is to acquire Access Self-Storage for GBP 1bln

CapitaLand's acquisition of Access Self-Storage for GBP 1 billion signals a strategic expansion into the self-storage market, which may enhance its portfolio and revenue streams.

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PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: CapitaLand (CAPL SP) is to acquire Access Self-Storage for GBP 1bln

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TAIWAN

Formosa Petrochemical (6505 TT) - Co. and CPC Corp announced to raise gasoline and diesel prices by TWD 1.8 and TWD 1.4 per litre, respectively. (Taipei Times)

Other News - Taiwan has budgeted TWD 44.2bln (USD 1.38bln) over the next five years to cultivate its uncrewed aerial vehicle industry as it aims to become a major UAV player. (Taipei Times)

Data Recap

Taiwan Export Orders YY (Feb) 23.8% (Prev. 60.1%)

SINGAPORE

CapitaLand (CAPL SP) - Co. is to acquire Access Self-Storage for GBP 1bln. (The Times)

OCBC (O39 SP) - Co.'s SGD 71.6mln claim over a capsized oil rig failed at Singapore's highest court after a five-year legal battle. (Straits Times)

Context

This move reflects the company's confidence in the sector's growth potential, especially amid increasing demand for flexible storage solutions. Investors should watch for any implications this deal may have on CapitaLand's future earnings and stock performance as it diversifies its assets.

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