SUBSCRIBERS
Magnus Energy tops active counters on conversion of toxic bonds
Published Tue, Nov 22, 2016 · 09:50 PM
Singapore
SHARES in oil and gas equipment distributor Magnus Energy doubled in price in active trading on Tuesday, as some of its apparently toxic convertible notes were converted to shares below market price.
With some 525 million shares changing hands, the stock topped the list of most active counters on the Singapore Exchange (SGX). The unusual trading activit…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US: Wall St opens higher as more earnings roll in
GE Aerospace raises earnings goal on strong engine sales
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million
Lockheed Martin reports higher sales on strong defence demand
UOI reports 67% surge in Q1 profit before tax to S$8 million, driven by favourable market conditions
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in