Spackman's sponsor has said that it is up to the Singapore Exchange to decide whether the South Korean media player's proposed divestment of an associate is an interested-person transaction, and if the shareholders who will vote on the deal are independent.
Medtecs International gained S$0.06 or 4.2 per cent to S$1.48 on a cum-dividend basis, while SATS lost S$0.07 or 2.3 per cent to S$3.03. Over on Wall Street, US stocks hit further highs on Tuesday, though a drop in Apple's share price capped gains from positive developments in the US-China trade front, and fresh progress on vaccine developments.
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