to an associate in Thailand, the board said on Friday. The Hour Glass's effective interest in the watch-selling THG S&S group has been cut from 50 per cent to 25 per cent, in a move that the board said took into account factors such as"the risks associated with the venture in Vietnam and the growth potential of the restructured group". Its shares closed flat at S$0.805 on Friday before the announcement.as at the close of its mandatory offer on Friday.
shares ended Friday at S$0.37, up S$0.01 or 2.78 per cent, before the offer closed.to fund an Australian developer's 600-unit Melbourne home project, the board said on Friday, after market close. The subscription, funded by internal resources and bank borrowings, backs a development by an ICD Property-led consortium that is slated for end-2022. Its shares closed unchanged at S$2.10 on Friday.with the agreement terminated on Friday after a condition precedent could not be met.
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