Stocks to watch: Sats, Aoxin Q&M, Q&M Dental, Tat Seng Packaging

THE following companies saw new developments that may affect trading of their securities on Monday:

Sats: S58 The food solutions and gateway services provider's president, chief executive and executive director Alex Hungate is calling it quits after eight years to take up "a new role in a different industry", it said on Friday. His successor is yet to be named. Shares of Sats closed S$0.06 or 1.4 per cent lower at S$4.10 on Friday, before the announcement was made.

Aoxin Q&M Dental Group and Q&M Dental Group: 1D4 QC7 Aoxin Q&M Dental Group on Monday announced it will acquire 49 per cent of Acumen Diagnostic - a 51 per cent-owned subsidiary of Q&M Dental Group - for S$29.4 million. To fund the acquisition, Aoxin Q&M will issue 127.3 million new ordinary shares at 23.1 Singapore cents per share. On Friday, shares of Aoxin Q&M closed at S$0.21, up S$0.01 or 5 per cent, while shares of Q&M closed flat at 55.5 Singapore cents.

Tat Seng Packaging: T12 Former manpower minister Lim Swee Say has joined its board as a non-executive independent director, announced the corrugated paper packaging products manufacturer on Friday. Mr Lim will also chair Tat Seng's nominating committee and serve as a member of its audit and risk, and remuneration committees. Shares of thinly-traded Tat Seng last changed hands at S$0.77 on Sept 24.