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Stocks to watch: Changjiang Fertiliser, Cordlife Group, Top Glove
THE following listed companies made material announcements before the Singapore market opened on Tuesday:
Changjiang Fertiliser: Changjiang Fertiliser Holdings is eyeing the acquisition of a 50 per cent interest in Chiu Teng 8 Pte Ltd, the owner of Tagore 8, from CTE Resources under a deal that will constitute a reverse takeover under SGX rules.
Cordlife Group: Cord blood bank Cordlife Group said it has appointed medical doctor and public health specialist Wong Chiang Yin, 48, as its new CEO.
Top Glove: The ability to raise funds in Singapore at a lower cost has prompted Malaysia's Top Glove Corporation to seek a presence on the SGX, but this time via a secondary listing.