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Stocks to watch: NOL, mm2 Asia, Otto Marine
THE following stocks may be in focus on Friday:
NEPTUNE Orient Lines (NOL) on Friday said that the offer from France's CMA CGM is now wholly unconditional, after NOL's majority shareholder Temasek Holdings tendered all shares in the acceptance of the offer. This means the acceptance condition of the takeover has been met.
FILM and TV content producer mm2 Asia on Thursday said that one of its investees, UnUsUal Pte Ltd, has appointed professionals to prepare for a listing on the Catalist board of the Singapore Exchange.
OTTO Marine on Thursday announced that its wholly-owned subsidiary, PT Batamec, has secured a US$14 million shipbuilding contract from an Indonesian stated-owned enterprise.