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Stocks to watch: SGX, Venture Corp, Starhill Global Reit, Hong Leong Finance, Union Gas, Nico Steel

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

, following his appointment as an executive director and director of sales last November. Mr Teo is the son of Teo Kiang Ang, the non-executive chairman and controlling shareholder of the company. Union Gas shares closed 0.5 Singapore cent higher at S$0.26 on Thursday.Metals supplier Nico Steel Holdings on Friday posted a full-year net profit of US$243,000 for the year ended Feb 28, slightly over seven times its net profit of US$34,000 a year ago.

In a separate regulatory filing on Friday, it also said it will apply to the Singapore bourse for a 12-month extension from the expiry date of Sept 4, 2019 to exit the financial watch list. Nico Steel was placed on the SGX watch list on Sept 5, 2016 under the financial criteria, and again on June 5, 2017 under the minimum trading price criteria on June 5, 2017. It has until June 4, 2020 to cure that status, or it could be forced to delist. Nico Steel shares closed flat at 0.

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