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Stocks to watch: Banyan Tree, Singapore Exchange, Foreland Fabrictech
THE following stocks may be in focus on Thursday:
Banyan Tree Holdings: The resort operator said on Thursday AccorHotels has invested S$24 million for a 5 per cent stake in the company. AccorHotels, whose portfolio of properties includes Singapore's Raffles Hotel, has an option to invest another 5 per cent at a later date.
Singapore Exchange: The bourse operator's junior Catalist board has lined up at least four technology company listings for the first half of next year, and the local bourse as a whole has a shot at eventually becoming a global destination for tech floats in the same league as the United States' Nasdaq board.
Foreland Fabrictech Holdings: The Chinese textile maker has followed up on a recent public reprimand from Singapore Exchange with its own action: It has lodged a complaint with Singapore's white-collar crime police against its former executive chairman.