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Stocks to watch: Ascott Residence Trust, Singapore Exchange, Tat Hong, BRC Asia
Ascott Residence Trust: Ascott Reit on Wednesday said that it is acquiring the 224-unit DoubleTree by Hilton Hotel New York - Times Square South for US$106 million.
Singapore Exchange: Singapore Exchange (SGX) and Infocomm Media Development Authority (IMDA) on Wednesday signed a memorandum of intent to streamline the pathway for fast-growing IMDA-accredited companies to leverage private and public capital markets in Singapore for expansion.
Tat Hong: Crane supplier Tat Hong Holdings narrowed its fourth-quarter loss to S$29.2 million, or 4.24 Singapore cents per share, as a sharp decline in other operating expenses offset a revenue decline.
BRC Asia: Certain substantial shareholders of steel mesh manufacturer BRC Asia Limited have received unsolicited offers that might or might not lead to an acquisition of the company's shares.