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Stocks to watch: Singtel, 8Telecom, China International, A-Smart Holdings

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THE following companies saw new developments that may affect trading of their shares on Friday: Read more at The Business Times.

Singtel:at 220 rupees apiece, or 37.5 billion rupees , in the latest rights issue by its regional associate - India's Bharti Airtel . This represents 15 per cent of the 250 billion rupee rights issue. Singtel will remain the largest shareholder post-rights issue. Assuming the rights issue is fully subscribed, its shareholding will dilute to about 35.2 per cent from 39.5 per cent.

The Singapore Exchange, on Feb 10, 2019, had rejected 8Telecom's applications to issue new shares for various purposes, including payment to vendors for its acquisition of a 51 per cent stake in China Commodity Market and China Commodity Centre. 8Telecom shares closed flat on Thursday at S$0.054.in conducting its various share buybacks from Dec 21, 2017 to Oct 16, 2018, which led the company to inadvertently breach listing rules of the Singapore Exchange .

 

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