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Thursday, September 10, 2020 – 8:55 am
THE following companies saw new developments that may affect their securities trading on Thursday:
Singapore Telecommunications (Singtel): The telecommunications company is setting the pace for its investment for 5G rollout and is on track to roll out its 5G network coverage to half the island in two years and across the country by 2025, said Yuen Kuan Moon, director. consumer operations executive in Singapore on Wednesday. . Singtel’s shares lost 0.02 Singapore dollars or 0.9% to close at 2.22 Singapore dollars.
Sunningdale Technology: The motherboard-listed precision maker has been contacted regarding a possible transaction involving its shares, Sunningdale said Wednesday after the market closed. The stock gained S $ 0.02 or 1.6 percent to end at S $ 1.25.
Sembcorp Industries (SCI), Sembcorp Marine (SMM): Investors racked up SCI shares on the first day of trading at the counter, excluding rights, and the shares ended at Singapore $ 1.17, up 21.6 percent. Meanwhile, SMM shares closed lower at S $ 0.19, down 1.6 percent. However, the increase in SCI’s value was more than enough to compensate shareholders for the decline in the value of their SMM distribution.
AGV Group: The Catalist-listed hot-dip galvanizing firm said Thursday its nominating committee recommended that CEO Albert Ang resign amid an investigation by the Department of Trade Affairs. AGV shares closed at 2.5 Singapore cents on Wednesday, down 0.2 percent or 7.4 percent.
Raffle Education: Shares of the private education provider maintained their gains on Wednesday afternoon after the company announced that major shareholder Oei Hong Leong had increased its stake slightly to 13.05 percent. The accountant ended the day at 17.8 Singapore cents, an increase of 2.8 cents or 18.7 percent.
Frasers Centrepoint Trust (FCT): S&P Global Ratings has affirmed its BBB long-term issuer credit rating on FCT. The agency expects the quality of the trust’s portfolio to “improve significantly” after its proposed acquisition of the rest of AsiaRetail Fund. FCT units fell S $ 0.04 or 1.5 percent to close at S $ 2.67, before the presentation was made.
Kimly: The cafeteria operator announced Wednesday that its wholly-owned subsidiary has signed two joint venture agreements worth around S $ 2.5 million to operate and manage cafeterias in Aljunied and Bukit Batok. Kimly shares last traded at 24.5 Singapore cents on Tuesday.
Darco water technologies: The motherboard-listed firm said Wednesday night that it filed a subpoena and claim statement against its former director and CEO Thye Kim Meng, claiming relief for his breach of duties on two projects. Darco’s stock last traded at S $ 0.16 on August 24.
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