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Stocks to watch: Nobel Design, Sinostar PEC
NOBEL Design: A married deal has sparked a mandatory unconditional cash offer by Grand Slam RF18 Investments for the remaining shares in mainboard-listed Nobel Design Holdings that it does not already own, at S$0.51 apiece.
Sinostar PEC Holdings: It posted on Tuesday a more-than-doubled net profit of 26.4 million yuan (S$5.3 million) for its first quarter ended March 31, up from 11.5 million yuan a year ago.