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Stocks to watch: STI, Kingsmen Creatives, 800 Super Holdings
SINGAPORE markets: For the first time since the height of the 2008 global financial crisis, the benchmark Straits Times Index (STI) fell by a large percentage - 4.3 per cent - to close at 2,843.39 on Monday.
It came on the back of the Chinese stockmarket crash which has triggered concerns over the health of one of the global economy's most important engines and sent shock waves through Asian and European bourses.
The tumbles follow worries about the state of China's economy, and come less than two weeks after Beijing unexpectedly devalued the country's currency.
Kingsmen Creatives: The company has accepted an offer from JTC Corporation to acquire about 5,251 square metres of vacant leasehold land located at Changi Business Park for a cash consideration of S$7.07 million.
It plans to construct a multi-storey building on the property, which will serve as its new headquarters. The current headquarters are located in rented premises at 3 Changi South Lane.
The counter closed down S$0.025 at S$0.785 on Monday.
800 Super Holdings: The environmental services provider posted a net profit for the full year ended June 30, 2015, that nearly doubled to S$17.56 million from S$8.96 million a year ago, bolstered by a one-time gain from the disposal of a property at 2 Loyang Walk and stronger revenue.
Revenue grew 22 per cent to S$140.3 million for the fiscal year, mainly contributed by projects that were re-awarded with revised pricing and new contracts awarded.
The counter closed down four Singapore cents at S$0.40 on Monday.