Stocks to watch: Aspen, Shinvest, Don Agro

THE following companies saw new developments that may affect trading of their securities on Monday (Mar 7): Aspen Holdings: 1F3 The mainboard-listed group in an update after trading hours on Friday (Mar 4) clarified the basis for Tialoc Malaysia's claim of RM93.2 million (S$30.1 million). It assured shareholders that it would be able to mitigate any immediate going-concern risk with the current capital on its balance sheet, credit facilities and planned additional capital injections from shareholders. Shares of Aspen ended Friday S$0.002 or 2.7 per cent lower at S$0.072, before the latest announcement was made. Shinvest Holding: BJW The voluntary cash offer to acquire all shares by its substantial shareholders has turned unconditional in all respects, announced the industrial group late on Friday. The closing date for the offer has also been extended by 2 weeks, to 5.30 pm on Apr 13. Shinvest shares closed unchanged at S$3.42 on Friday, before the announcement. Don Agro: GRQ The Russia-based agriculture company on Friday said it was working closely with its external sanctions counsel to procure a legal opinion on the implications of the latest imposition of sanctions and current geopolitical situation. In response to queries from the SGX, Don Agro said it considers its dealings with two sanctioned entities "significant". The group's shares closed at S$0.335 on Friday, up 4.7 per cent, before the announcement. Trading halts: Pavillion Holdings (596) and Alpha DX Group (VVL) on Monday requested trading halts with immediate effect, pending an announcement. Both counters closed Friday flat at S$0.022 and S$0.112, respectively. Alpha DX announced on Mar 4 after trading hours that it received a letter of statutory demand from Kydon Holdings in relation to payment of a sum of S$1.9 million.