Stocks to watch: China Aviation Oil, Marco Polo Marine, Foundation Healthcare

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 10):

China Aviation Oil : The fuel company on Thursday said its controlling shareholder, China National Aviation Fuel, finalised its restructuring, transferring all of its equity to China Petrochemical Corporation. This transfer establishes China Petrochemical Corporation as the indirect controlling shareholder of the company with 51.31 per cent deemed interest. Shares of China Aviation Oil rose 1.1 per cent or S$0.02 to close at S$1.77 on Thursday.

Marco Polo Marine : The marine logistic company on Thursday said it secured a multiyear framework agreement with global turbine manufacturer Siemens Gamesa Renewable Energy to deploy two offshore wind vessels across the Asia-Pacific region. Shares of Marco Polo Marine rose 2.4 per cent or S$0.003 to close at S$0.129 on Thursday.

Foundation Healthcare : UBS, the stabilisation manager of newly listed Foundation Healthcare, bought 4.5 million of its shares on Thursday. Each share cost between S$0.705 and S$0.735. Foundation’s shares began trading on Wednesday after its initial public offering, but closed 7.9 per cent below its IPO price on that day. Shares of Foundation rose 2.9 per cent or S$0.02 to close at S$0.72 on Thursday.

Trading halt: Q&M Dental called for a trading halt on Friday, after its shares fell 0.9 per cent or S$0.005 to close at S$0.555 on Thursday.