Daily Debrief: What Happened Today (Oct 16)

Daily Debrief: What Happened Today (Oct 16)
October 16, 2025

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Daily Debrief: What Happened Today (Oct 16)

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GIC sues China EV maker Nio, top execs for allegedly inflating revenues of at least US$600 million

IT’S accusing Nio of fraud via manipulation of battery ‘sales’; seeks damages for its purchase of 54 million Nio depositary shares.

Review under way to simplify Singapore’s foreign law firm licensing framework, strengthen local practice independence

COMMITTEE addressing concerns that the current system is too complex.

Industrial property developer Soon Hock Enterprise opens 8.6% above IPO price in mainboard debut

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IT STARTED trading S$0.05 up from S$0.58 offer price on volume of over 18 million shares.

Auditor for Dasmond Koh’s NoonTalk Media flags going concern doubts amid net losses

THE group incurs a net loss of nearly S$1.8 million and has net liabilities of S$396,000.

SEE ALSO

Daily Debrief: What Happened Today (Oct 15)

Second Woodlands executive condo plot released for tender

IT IS in the vicinity of Woodlands South MRT station and can yield 560 homes.

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