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Stocks to watch: LionGold, Foreland Fabrictech, SingPost, Noble, CapitaLand, M1

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The following stocks had announcements or developments that could affect their trading activity on Monday.

THE following stocks had announcements or developments that could affect their trading activity on Monday.

LionGold Corp: Over the weekend, it announced a restructuring of US$17 million of existing convertible bonds that were due last month. It also proposed a new issue of up to S$100 million principal amount of 2.5 per cent redeemable convertible bonds due 2018.


Foreland Fabrictech: Its executive chairman, Tsoi Kin Chit, has slashed his direct stake in the company to just 11.03 per cent, after selling a 29.5 per cent share for S$1 million in an off-market transaction. This works out to 0.62 of a Singapore cent per share. Also on June 18, Huang Wen - who, prior to the transaction, did not hold any interest in the company - acquired a deemed interest of 29.5 per cent in the Fujian-based company at the same price.


Singapore Post: It has sold a 90 per cent stake in DataPost to Jing King Tech Solutions for about S$39.3 million. This follows another divestment last month of its whole stake in Novation Solutions and DataPost (HK) for S$24.4 million.

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Noble Group: It has closed the disposal of its wholly owned Mongolian coal subsidiary Enkhtunkh Orchlon LLC (EO) to Australian-listed Guildford Coal, for an aggregate consideration of up to US$65 million, following the exercise of an option on Dec 24 last year.


CapitaLand: CMA Japan Trust plans to acquire Vivit Minami Funabashi - a shopping mall in Greater Tokyo - for 3.05 billion yen (S$33.2 million). Vivit is part of the portfolio of assets held by CapitaMalls Japan Fund, which is managed by a wholly owned subsidiary of CapitaLand and in which CapitaLand has an interest of 26.3 per cent.


M1: The telco has launched a mobile Point of Sale (mPOS) solution which transforms smartphones and tablets into terminals, so merchants can accept credit, debit and prepaid card payments. This is a collaboration with CIMB, MasterCard and Wirecard.

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