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Thursday, September 17, 2020-9: 12 am
THE following companies saw new developments that may affect their stock trading on Thursday:
Wilmar International: Yihai Kerry Arawana, Wilmar International’s Chinese unit, received final registration approval from the China Securities Regulatory Commission for listing on the Shenzhen Stock Exchange. Wilmar shares last traded at S $ 4.30 on Wednesday, up S $ 0.13 or 3.1 percent ahead of the requested trading break at 4:25 pm. Following the announcement, the agricultural commodities company called for the lifting of the trade suspension after the market closed.
Singapore Telecommunications (Singtel), Singapore Exchange (SGX), Mapletree Commercial Trust (MCT): All three companies have emerged in the top three in a recently launched Singapore Board Diversity Index. The index ranks publicly traded companies on the SGX based on the diversity of their corporate boards. Shares of Singtel closed unchanged at S $ 2.22 on Wednesday, SGX shares closed at S $ 8.58, a drop of S $ 0.04 or 0.5 percent, while MCT units closed. unchanged at 2 Singapore dollars.
Dyna-Mac Holdings, Keppel Corp: Mainboard-listed offshore oil and gas contractor Dyna-Mac has signed a five-year memorandum of understanding with Keppel Shipyard to explore “potential relationships and business opportunities” between the two on a non-exclusive basis. Dyna-Mac shares closed at 9.6 Singapore cents on Wednesday, up 0.7 percent or 7.9 percent, while Keppel Corp shares closed at $ 4.25, an increase. of 0.11 Singapore dollars or 2.7 percent prior to this announcement.
LHN: The Catalist-listed company, through its indirect subsidiary Coliwoo Balestier, will buy a property in Balestier for S $ 18.1 million, which it intends to operate as a space for coexistence. LHN shares last traded at 12.1 Singapore cents on Tuesday.
Secura Group: Soverus, a wholly owned subsidiary of Secura, listed on Catalist, has been awarded a S $ 10.7 million contract to provide unarmed security services to a multinational Singapore conglomerate. Secura shares closed at 6.8 Singapore cents on Wednesday, down 3 percent or 0.2 percent before this announcement.
LCT Holdings: Co-founder Du Junhong has offered to take the real estate investment firm private, in a move that values it at about $ 21 million. The counter last traded at S $ 0.43 on September 9. Following this announcement, the motherboard-listed company requested on Wednesday night the lifting of the suspension of operations that it had requested the day before.
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