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Tue, September 08, 2020 – 8:37 am
THE following companies saw new developments that may affect their securities trading on Tuesday:
Sembcorp Marine, Sembcorp Industries: Sembmarine’s share rights issue to recapitalize the company was not subscribed, with valid acceptances and surplus requests received for 9.4 billion rights shares, or 90.2% of the nearly 10.5 billion shares rights available. According to the results of the application on Monday, Sembmarine’s parent company, Sembcorp, subscribed for 7.5 billion or 72% of the available shares by paying off a S $ 1.5 billion loan it made to Sembmarine in June 2019. Shares of Sembmarine closed Monday at 19.9 Singapore cents, an increase of 0.2 percent or 1 percent before the announcement. Sembcorp ended at S $ 1.92, down S $ 0.02 or 1 percent.
Keppel Reit: The trustee of the main board listed real estate investment trust has priced its subordinated perpetual securities of S $ 150 million at 3.15%. Units at Keppel Reit closed at S $ 1.08 on Monday, an increase of S $ 0.01 or 0.9 percent, ahead of the announcement.
Yanlord Land Group: The motherboard-listed real estate developer saw its contracted pre-sales of residential and commercial units, as well as parking garages, more than double to 12.03 billion yuan (S $ 2.41 billion) for August 2020, from 4.8 one billion yuan a year. does. Shares of Yanlord closed at S $ 1.16 on Monday, down S $ 0.01 or 0.9% before the announcement.
Top Glove Corporation: Malaysia’s glove maker submitted an audit report on its labor practices towards its migrant workers to the U.S. Customs and Border Protection (CBP), it said in a bag filing late on Monday. The report is part of the company’s attempt to resolve an import detain order issued by CBP to two Top Glove subsidiaries in July. Shares of Top Glove closed at S $ 2.73 on Monday, down S $ 0.09 or 3.2%.
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