[ad_1]
Friday, October 09, 2020 – 8:51 am
THE following companies saw new developments that may affect their securities trading on Friday:
Suntec Real Estate Investment Trust (Suntec Reit): Its manager seeks to acquire a 50 per cent stake in London’s Nova development, comprising two Grade A office buildings with ancillary retail and a primarily residential asset The Nova Building, with an agreed property value of £ 430.6 million (S $ 766.5 million). The counter closed down S $ 0.01 or 0.7% at S $ 1.40 on Thursday ahead of the announcement.
Tiong Woon Corp: The subsidiary of the service provider and heavy lift specialist has been awarded two five-year contracts each from Shell Eastern Petroleum and Shell Chemicals Seraya, to provide crane rental services. The motherboard counter last traded at S $ 0.39 on Tuesday.
Prudential plc, HC Surgery Specialists (HCSS): HCSS, which is listed on Catalist, said late Thursday that it signed a framework agreement with life insurer Prudential Assurance, wholly owned by Prudential plc, to provide “cost-effective, high-quality healthcare services” to certain eligible insured customers.
Furthermore, HCSS also previously announced that it plans to acquire a 20 percent stake in medical supplies retailer Healthcare Essentials, which is wholly owned by HCSS director Gjan Lim Chye Lai.
Prudential shares were last traded on September 1 at $ 18.77. HCSS shares closed unchanged at S $ 0.30 on Thursday.
GS Holdings: The Catalist-listed company said Thursday that its wholly-owned subsidiary signed a joint venture agreement with an individual, Xing Zhiyuan, to expand its business in the food and beverage industry. The stock last traded at S $ 0.57 on September 14.
Singapore Telecommunications (Singtel): The telco has deployed Singapore’s first independent 5G test network at its test facilities, offering companies early access to 5G to develop and test 5G solutions. Singtel shares closed unchanged at Singapore $ 2.15 on Thursday.
Grand Venture Technology: The high-precision parts manufacturer has incorporated a wholly-owned subsidiary in Malaysia to manufacture complex precision machining components and modules. The counter ended flat at 27.5 Singapore cents on Thursday, ahead of the announcement.
[ad_2]
