THE following companies saw new developments that may affect trading of their securities on Tuesday:
Singapore Exchange : The Singapore bourse has fully placed out 240 million euros of its zero coupon convertible bonds due 2024, it said in a pre-market filing on Tuesday. The offer was oversubscribed, and the bonds can be converted into ordinary shares at an initial conversion price of S$13.0944. SGX shares closed at S$9.92 on Monday, up S$0.02 or 0.2 per cent.
Singapore Press Holdings : SPH and Temasek have entered into an agreement to merge their meetings, incentives, conventions and exhibitions subsidiaries. Shares of SPH, which also publishes The Business Times, closed at S$1.20 on Monday, up S$0.02 or 1.7 per cent, before the announcement. iFast Corporation: Shares of the wealth management platform on Monday hit a record-high since the firm's initial public offering in December 2014. This comes after the mainboard-listed company on Saturday announced its participation in the Hong Kong eMPF project. The counter reached an intraday high of S$6.40 as at 5pm on Monday, before easing slightly to close at S$6.37, up S$0.86 or 15.6 per cent.
PropNex: The real estate agency is looking to sell its stake in its property management arm for about S$1 million. PropNex shares rose 0.5 Singapore cent or 0.6 per cent to close at 79 cents on Monday, before this filing.