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Stocks to watch: SingPost, China Everbright, Swee Hong, Eneco Energy, Metech International

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

SingPost:, in a board decision that was announced on Wednesday. The planned divestment of Jagged Peak and TradeGlobal puts an end to a tale of woe that began in 2015, when SingPost made a play for both companies amid"aspirations of building an end-to-end e-commerce logistics network and technology platform", as it put it at the time. SingPost ended flat at S$0.995 on Wednesday before the sale plans were announced.

at S$0.14 per share. The offer was triggered after the offeror bought about 767.1 million shares, representing about 30 per cent of the shares in the company, from Newest Luck Holdings on Wednesday. China Everbright shares closed at S$0.35, up one Singapore cent.in the High Court against the company. Swee Hong owes Hock Hin Leong Timber Trading money for supplies that it purchased. Swee Hong's operations are not expected to be materially affected by the application, said the firm.

 

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