THE following companies saw new developments that may affect trading of their securities on Wednesday:for a lawsuit against it by Samuel Cranage Baker and Jeremy Lee Chuen Yang. The two plaintiffs have commenced legal proceedings against SPH and its wholly-owned subsidiary SPH Interactive for alleged minority oppression. SPH shares closed at S$1.30 on Tuesday, down S$0.01 or 0.8 per cent, before the announcement.before deciding how they will vote for the proposed divestment.
This was in response to an open letter by the trust's largest minority unitholder, Hibiki Path Advisors, which said the price offered by sponsor Accordia Golf is too low. Units of Accordia Golf Trust closed flat at S$0.69, before the announcement.to S$434.5 million for the second half of the year ended March 31. Its net profit climbed at a slower pace of 11 per cent to S$18.5 million. Shares of Boustead Singapore closed at 64.5 Singapore cents on Tuesday, down 0.5 cent or 0.
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