THE following companies saw new developments that may affect trading of their shares on Thursday:
City Developments Limited , CDL Hospitality Trusts : CDL's hotel arm Millennium & Copthorne Hotels is reviewing its portfolio and may dispose of some assets in a drive to recover from the effects of the Covid-19 pandemic by as early as 2021. Separately, The Business Times wrote that CDL's near-term performance depends on the Kwek family resolving their differences amicably. CDL shares closed up S$0.14 or 1.9 per cent at S$7.58, while CDLHT units closed unchanged at S$1.
Starburst Holdings: The Catalist-listed firm's chairman Edward Lim and managing director Yap Tin Foo are being investigated in relation to"corrupt transactions with agents", Starburst said in response to queries from the Singapore Exchange . The counter closed up 2.8 Singapore cents or 20.6 per cent at 16.4 cents on Wednesday, before the filing.
Delfi: The chocolate confectionery company posted revenue of US$93.8 million for the third quarter ended September, down 16.4 per cent from US$112.2 million for the corresponding quarter last year. Shares of Delfi closed flat at 62.5 Singapore cents on Wednesday prior to its results update. Centurion Corp: The mainboard-listed dormitory developer and operator has secured a master lease to manage a new purpose-built dormitory in Selangor, adding more than 5,000 beds to its Malaysian portfolio. Centurion shares closed flat at S$0.32 on Wednesday before this announcement.
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