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Tue, December 22, 2020 – 8:45 am
THE following companies saw new developments that may affect their securities trading on Tuesday:
Singapore Airlines (SIA): The national airline has used around S $ 7.1 billion or 80 percent of the S $ 8.8 billion raised from a rights issue in June, it said in a stock presentation. SIA used S $ 500 million to fund ongoing operating expenses. SIA shares closed at S $ 4.38 on Monday, down 1.1 percent or S $ 0.05, ahead of the announcement.
Mapletree Logistics Trust (MLT): It has acquired a newly built wholly-owned logistics facility in Hiroshima, Japan, for 6.37 billion yen (S $ 82.1 million), the manager said. MLT units closed at S $ 1.97 on Monday, an increase of 0.5 percent or S $ 0.01, ahead of the announcement.
Penguin International: Shares in the main board-listed company soared Monday after it issued a holding announcement about a possible transaction involving its shares. The counter closed at 57.5 Singapore cents, an increase of 15 percent or 7.5 cents, with 2.5 million shares traded. It traded as high as 59.5 cents, or 19 percent earlier in the day.
CPH: The Catalist-listed firm will still need to seek shareholder approval in due time for the proposed layout of its Singapore factory at 8 First Lok Yang Road, it clarified in a stock exchange presentation. CPH shares closed at 0.5 Singapore cent on Monday, up 0.1 Singapore cent, or 25 percent, ahead of the announcement.
Olam International: The acquisition of a US-based chili pepper business will give the group “new products and new customers,” CEO A Shekhar said. This will benefit both the acquirer and the acquiree in terms of greater customer reach and product offerings. Shares of Olam closed at S $ 1.53 on Monday, down S $ 0.02 or 1.3%.
Commercial stop: Emerging Towns & Cities Singapore, which is listed on Catalist, called for a halt on Tuesday pending the release of an announcement. Shares of the real estate company last traded at 2.4 Singapore cents on December 17.
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