[ad_1]
Wed, Sep 02, 2020-9: 18 AM
THE following companies saw new developments that may affect their stock trading on Wednesday:
Sembcorp Industries: The motherboard-listed company is selling its 32 percent stake in the Shenzhen Chiwan Sembawang Engineering joint venture to Chixiao Enterprise, for a gross consideration of 150 million yuan (29.4 million Singapore dollars). Shares of Sembcorp Industries fell S $ 0.01 or 0.5 percent to S $ 1.86 on Tuesday, before the announcement.
SK Jewelry Group: The founders of the Catalist-listed company made a voluntary conditional cash offer of S $ 0.15 per share in an attempt to privatize the company. The offer price values SK Jewelery at S $ 84 million. On Tuesday, he asked to lift a commercial suspension called on August 28. Before the suspension, the counter was up 8 percent or 0.7 Singapore cents to 9.5 cents as of 4 p.m. on Aug. 28.
Singapore Stock Exchange (SGX): The Singapore exchange is collaborating with UK-based cryptocurrency market data provider CryptoCompare to launch crypto indices under the SGX iEdge index package. The new indices mark the entry of SGX Index Edge into the digital currency asset class. SGX shares closed at S $ 8.70 on Tuesday, an increase of S $ 0.09 or 1.1%, prior to this announcement.
Raffles Education Corp: In response to a search notice, the president and CEO of the private education provider, Chew Hua Seng, said that the Singapore Department of Business Affairs is not investigating him, his wife or his son. Chew also noted that one of the applicants and the latter’s company are being investigated in India. Shares of Raffles Education, which is traded on the motherboard, ended Tuesday at 11.5 Singapore cents, an increase of 0.5 cents or 4.6 percent.
Genting Singapore: Cruise operator Genting Hong Kong is struggling to repay its creditors, but analysts say the same is unlikely to happen with Genting Singapore given the latter’s financial strength. Shares of Genting Singapore fell 0.01 to 0.69 Singapore dollars on Tuesday.
SIIC Environment holdings: The motherboard-listed solid waste and water treatment company said Tuesday night that it won a wastewater treatment project in China’s Heilongjiang province and signed three rate increase and expansion agreements for similar projects in the whole country. SIIC shares closed unchanged Tuesday at 19.8 Singapore cents.
Commercial stop: Soilbuild Business Space Real Estate Investment Trust filed for a ceasefire at 3.36pm Tuesday, pending the release of an announcement. Its units last traded at 45.5 Singapore cents on Tuesday, an increase of 2.5 cents or 5.8 percent.
[ad_2]
