Stocks to watch: Trendlines, PropNex, Aspen, New Silkroutes, KSH, Straits Trading

THE following companies saw new developments that may affect trading of their securities on Tuesday.

The Trendlines Group: The medical and agrifood technology investment company on Tuesday announced that it has received a non-binding letter of intent for the acquisition of a portfolio company by a public corporation. In the event the transaction takes place, there will be a positive impact on the net tangible assets per share and earnings per share of the group for the financial year ending Dec 31, 2021. Shares of Trendlines closed at 9.8 Singapore cents on Monday, up 0.7 cent or 7.7 per cent.

PropNex: Its wholly-owned subsidiary, PropNex Grandeur Homes, is set to acquire a 70 per cent stake in online marketplace Ovvy for S$1 million, the mainboard-listed company said in an exchange filing on Monday. Shares of PropNex closed 2.5 Singapore cents or 2.6 per cent lower at 94.5 cents.

Aspen Holdings: A subsidiary of the Singapore-listed company has received a 100 per cent investment tax allowance grant from Malaysia's finance ministry. This grants it an income tax exemption for designing, developing and manufacturing examination and surgical nitrile gloves. Aspen shares closed half a Singapore cent or 2.1 per cent higher at 24 cents.

New Silkroutes Group: The investment-holding company has inked a non-binding agreement with Acclivis Technologies and Solutions to design and develop a comprehensive workflow for a cloud-based artificial intelligence (AI) platform that can be used to provide genomic-driven healthcare. The counter was up 0.4 Singapore cent or 2.4 per cent to 17.1 cents at Monday's close.

KSH Holdings: The property group has clinched a S$171.8 million contract for Biopolis Phase 6 in one north as well as the adjacent Buona Vista node of the rail corridor. Under the design and build contract, KSH will construct a biomedical sciences development consisting of a 12-storey tower block with two basement car parks and rail corridor works at North Buona Vista Drive in Queenstown Planning Area. Shares of KSH closed unchanged at S$0.36, before the announcement was filed.

The Straits Trading Company: A wholly-owned subsidiary of the company, STC Capital, is set to acquire JL Family Office's 10 per cent stake in Straits Real Estate for S$105 million in cash. The counter rose S$0.01 or 4 per cent to close at S$2.85 on Monday before the announcement was made.


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