Stocks to watch: Aspial Corporation

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 30):

Aspial Corporation : The conglomerate on Monday proposed the disposal of its subsidiary’s 100 per cent stake in an Australian freehold property for A$33.6 million (US$23.1 million), with net proceeds of about A$27.1 million. Aspial said it plans to use the proceeds towards repayment of the existing loans on the property and for general working capital purposes. The 30 Albert Street was planned to be a 91-storey residential skyscraper in Brisbane. Shares of Aspial Corporation closed flat at S$0.147 on Monday, before the news.