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Thursday, December 17, 2020 – 8:54 am
THE following companies saw new developments that may affect their securities trading on Thursday:
Keppel Corporation: The conglomerate said Thursday that it is building a wind turbine installation vessel for US power company Dominion Energy under a S $ 600 million contract. Separately, Keppel announced late Wednesday that other bondholders have joined the lockdown agreement it entered into for Floatel’s proposed restructuring. The counter closed at S $ 5.36 on Wednesday, an increase of S $ 0.07 or 1.3 percent.
DBS: It has partnered with Google, the National University of Singapore Center for Natural Climate Solutions, Temasek Holdings, the World Bank and Verra to launch Sustaintech Xcelerator, a six-month global virtual accelerator with a focus on increasing confidence in the carbon of nature. credits. Shares of DBS closed at S $ 25.56 on Wednesday, up S $ 0.10 or 0.4%.
Food Empire Holdings: Its wholly-owned subsidiary Indus Coffee has raised around $ 7.2 million to finance the expansion of its manufacturing facility in India. Shares of Food Empire, which is traded on the motherboard, closed one Singapore penny or 1.7 percent higher at 60.5 cents on Wednesday, ahead of the announcement.
Jumbo Group: The food and beverage game has completed the acquisition of a 75 percent stake in the popular meatball noodle stall Kok Kee Wanton Noodle for S $ 2.1 million in cash and shares. Shares of Jumbo, which is listed on Catalist, closed at 37.5 Singapore cents on Wednesday, an increase of 0.5 cents or 1.4 percent.
BH Global Corporation: The dormant subsidiary of the motherboard-listed lightweight equipment maker is being liquidated and the liquidation is expected to affect the group’s earnings for the financial year ending December 31. Still, BH Global expects to remain profitable throughout the financial year. His accountant closed unchanged at 30.5 Singapore cents on Wednesday, ahead of the announcement.
Keong Hong holdings: The main board-listed company has a substantial new shareholder in LJHB Holdings (S), which acquired a 21 percent stake from Ronald Leo, Chairman and CEO of Keong Hong. Keong Hong shares closed 8.6 percent or down from Singapore $ 0.03 to Singapore $ 0.32 on Wednesday before the announcement.
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