Stocks to watch: OSIM, SingPost, IEV
THE following listed companies made material announcements before the Singapore market opened on Monday:
OSIM International: The chairman and chief executive officer of healthy lifestyle products provider OSIM International has made a voluntary unconditional cash offer of S$1.32 per share to take the company private. Ron Sim Chye Hock made the offer through his private investment vehicle, Vision Three Pte Ltd. Mr Sim owns 506.55 million shares in OSIM, representing a 68.31 per cent stake as at March 7.
Singapore Post (SingPost): SingPost said the merger between SP JP Acquisition Corp and US-based eCommerce logistics platform provider Jagged Peak has been completed. SingPost will own 71.1 per cent in Jagged Peak through SP JP. The remaining 28.9 per cent interest will be held by Paul Demirdjian and Primrose Demirdjian.
IEV Holdings: The Vietnamese wholly owned subsidiary of IEV Holdings has inaugurated the MK-1 Biomass Plant in Can Tho province. The plant has storage capacity for up to 10,000 tonnes of rice husk and is capable of producing up to 150 tonnes of rice husk briquettes per day. The briquettes are now sold domestically as a low-cost and renewable energy source for factories in Vietnam.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Singapore stocks end lower even as regional markets rally; STI slips 0.1%
Swiss-Asia Financial Services fined S$2.5 million for breaches of anti-money laundering rules
Asia: Stocks track another rally on Wall Street as US rate optimism lingers
Singapore shares rise at Tuesday’s open tracking global rally; STI up 0.2%
ETF popularity poised to stay as investors flock to diversification, stability
Stocks to watch: FLCT, Paragon Reit, AA Reit, Lendlease Global Reit, Far East Orchard, SIA