to a trust related to American real estate developer Greystar. The deal is expected to be completed on March 31 next year. Shares of Chip Eng Seng closed unchanged at S$0.44 on Friday, before the announcement., it said in a filing to the Singapore bourse late on Friday. This was in response to a query from its sponsor CIMB Bank Singapore regarding the"unusual price movements" and the significant volume of trading in the company's shares that day.
SMG shares rose three Singapore cents or 11.3 per cent to close at 29.5 cents on Friday.in relation to a possible share transaction. However, the company, which builds high-speed aluminium craft, noted that there is no certainty any deal will materialise from the discussions. Shares of Penguin International rose S$0.02 or 4.2 per cent to close at S$0.50 on Friday.For daily updates on weekdays and specially selected content for the weekend.