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Stocks to watch: C&G, Cordlife, Oxley
THE following companies made material announcements before the market opens on Monday:
Waste-to-energy firm C&G Environmental Protection Holdings is proposing to sell the remainder of its business to two different Chinese business partners for a total consideration of S$0.197 a share.
Cord blood bank Cordlife Group on Friday posted a 59.8 per cent drop in net profit to S$13 million for its fiscal year ended June 30, 2016. This was a drop from S$32.5 million a year ago. Revenue rose 3.5 per cent to S$59.6 million in FY2016.
Developer Oxley Holdings reported a 114 per cent jump in net profit to S$73.8 million for its fourth quarter ended June 30, 2016. This was despite a 15 per cent slip in revenue to S$165.1 million.