SINGAPORE - The following companies saw new developments that may affect trading of their shares on Monday :
Keppel DC Reit, Keppel Infrastructure Trust: The managers of Keppel DC Reit requested for a trading halt on Monday morning before the market opened on the back of news that Keppel Infrastructure Trust's subsidiary, CityDC, is divesting its 51 per cent stake in DataCentre One to Keppel DC Reit for some $102.9 million. Units in Keppel DC Reit closed at $1.80 on Friday, up 2.3 per cent, or four Singapore cents, while units in Keppel Infrastructure Trust last traded at 52 cents.
Hupsteel: Steel trader Hupsteel on Monday morning requested for a trading suspension with immediate effect, as the founding Lim family has received enough valid acceptances of its offer to delist the group, and the company's public float fell below the minimum 10 per cent threshold. The founding Lim family had launched a voluntary conditional cash offer of $1.20 per share on July 19. The counter last traded flat at $1.19 on Sept 6. At the close of the offer at 5.
Tee International: Mainboard-listed engineering group Tee International announced late last Friday that its board has been informed by the company's controlling shareholder, Phua Chian Kin, that he has received offers for the shares in the company held by him. Mr Phua, who has been in the spotlight for allegedly instructing unauthorised transactions totalling $6.
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