Corporate digest
Rickmers Maritime
RICKMERS Trust Management said on Tuesday that it was not aware of the reason behind the surge in trading of Rickmers Maritime units on Monday, which prompted a query from Singapore Exchange (SGX). The units of the business trust had soared as much as 38.6 per cent in heavy trade on Monday, before closing at 11.3 Singapore cents each, up 36.1 per cent. It was also the second most actively traded stock, with 105 million units changing hands, multiple times its average three-month volume of 1.38 million units.
In its response to SGX, Rickmers Trust Management said it was not aware of information not previously announced, or any other possible reason, that might explain the trading.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore stocks end lower even as regional markets rally; STI slips 0.1%
New Thai finance minister downplays row with central bank
South-east Asia increasingly used for illicit money flows, terrorist financing: US Treasury official
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
Japan's Nikkei closes at 3-week high on US rate-cut outlook, tech boost
Philippines’ PLDT in talks to sell up to 49% of data centre business to Japan’s NTT