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Stocks to watch: Stratech, Noble, WCG
THE following companies saw new developments that may affect trading of their shares on Monday:
The Stratech Group Limited (Stratech): The technology firm said that it "has had preliminary discussions with certain parties" on its plan to monetise intellectual properties by seeking investments in the group, among other options.
Noble Group Limited: The company said on Monday it does not want to comment further on allegations hurled by Iceberg Research, having "already commented extensively" on them. Noble had in the week before, announced radical plans to dispose of its profitable energy business units to pay off debt, and warned of a possible loss of as much as US$1.8 billion for the second quarter.
World Class Global (WCG): Net loss for the property developer narrowed to S$2.9 million in its first half, from a net loss of S$4.7 million last year, the group said in a Singapore Exchange filing on Sunday morning.