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Stocks to watch: Mercurius Capital, Wilmar, GLP, IHC

Mercurius Capital Investment

THE firm is in preliminary discussions with unrelated parties about a potential joint venture and a separate disposal transaction, it said in its reply to the Singapore Exchange (SGX), which issued a trading query on Monday.

The company said that it will make the relevant disclosures at the appropriate time, in compliance with Catalist rules.

Wilmar International

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THE group has posted a 69.9 per cent year-on-year increase in net profit for the fourth quarter ended Dec 31, 2016, to US$560.8 million, led by stronger performance across all segments, as well as recognition of deferred tax assets for its Indonesian operations.

This was achieved on the back of a 26.7 per cent rise in revenue to US$11.95 billion, mainly driven by stronger commodity prices for the quarter and partly supported by higher sales volume.

GLP

THE mainboard listed logistics facilities provider has signed 106,000 sq m (1.1 million sq ft) of new leases with third party logistics companies in China over the past two months.

With these leases, it establishes a new customer relationship with Yimidida, while extending partnerships with three existing third party logistics customers, including Best Logistics.

On Monday, GLP also said it has bought a Chinese firm called Shanghai Jingxi Business Consulting Co for 350 million yuan (S$72 million) in cash.

IHC

INTERNATIONAL Healthway Corporation (IHC) has had its convertible loan facilities from Oxley Holdings and its chief executive and deputy chief executive terminated, after the duo sold their stakes to developer OUE.

In a filing on Monday evening, IHC said it had received a letter from all three parties on Feb 19 to terminate the term sheet for the loan with immediate effect in view of the takeover offer from OUE.

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