Stocks to watch: Singtel, ST Engineering, CDL, Sembcorp Industries, Memtech

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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

. The Chuangs, led by Memtech executive chairman Chuang Wen Fu, are offering S$1.35 in cash for each share, in a deal that values the company at S$189 million. The offer price of S$1.35 represents a premium of 23.9 per cent over the company's last transacted price of S$1.09 a share last Friday. The company has requested to lift its trading halt that is called for on May 13., down 59 per cent from the same period a year earlier.

44 on Tuesday before the results were released., up 78.1 per cent from the same period a year earlier as earnings across all its business segments rose. The biggest boost came from the real estate business, where net profit rose to S$12.4 million in the three months ended March 31, up from S$8.8 million in the same period a year earlier. The counter fell three Singapore cents or 1.37 per cent to S$2.16 on Tuesday before the results were released., up 29.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines