Summary: DFI Retail Group announced the sale of Giant and Cold Storage in Singapore to Macrovalue for $125 million. The sale, expected to be completed in the second half of the year, will allow DFI to focus on developing its 7-Eleven and Guardian businesses. The announcement helped drive the Straits Times Index (STI) to a record high, surpassing 4,000 points for the first time.

Link: https://www.straitstimes.com/business/dfi-retail-shares-pop-after-selling-giant-cold-storage-stock-helps-drive-sti-to-all-time-high