Stocks to watch: Yangzijiang Shipbuilding, Samudera, World Precision, Oiltek
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Yong Hui Ting
THE following companies saw new developments that may affect trading of their securities on Monday (Jan 9):
Yangzijiang Shipbuilding : A company known as Trinity Seatrading stated in an advertisement on Friday that it had applied for the winding up of Yangzijiang Shipping – a subsidiary of listed group Yangzijiang Shipbuilding. It was seeking an alleged debt of US$4.8 million which originated from a dispute for the sale of an oil tanker by Yangzijiang Shipping to Trinity Seatrading. The shipbuilding group said it had sought legal advice to resist the application, before deciding the next steps to be taken. The counter closed 4.2 per cent higher, or S$0.05 at S$1.23 on Friday.
Samudera Shipping Line : The container shipping group has acquired two container vessels with a total capacity of 3,800 twenty-foot-equivalent units (TEUs) for US$66 million. It expects the vessels will be delivered in the fourth quarter of 2024 and early 2025. The counter closed up 0.5 per cent or S$0.005 at S$0.955 on Friday.
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