SINGAPORE - The following companies saw new developments that may affect trading of their shares on Wednesday :
Isetan Singapore: The retailer and YTL Starhill Global Reit issued statements to the Singapore Exchange after trading hours on Tuesday, clarifying that no deal has been inked yet. This was in response to an earlier article by The Business Times that SGReit has made an offer to acquire Isetan Singapore's share of Wisma Atria. Both companies clarified that a non-binding expression of interest from SGReit's manager has been sent to Isetan Singapore, but no definitive decision has been made.
China Kangda Food Company: After the close of the mandatory unconditional cash offer by Zenith Hope to acquire the rest of China Kangda Food Company's shares on Tuesday, the shares owned by the public fell to approximately 23.49 per cent - not satisfying the minimum public float of 25 per cent as per Hong Kong Stock Exchange rules.
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