Stock to watch: PSC Corporation

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 8):

PSC Corporation : The Securities Industry Council said on Tuesday that it will not take further action against PSC Corporation’s executive chairman Sam Goi for his 2023 breach of the Singapore code on takeovers and mergers. Goi broke rule 14.1(a) of the code, requiring persons with minimally 30 per cent of the company’s voting rights to immediately extend an offer to other shareholders, as he did not make a general offer for the group when his shareholding reached 30.23 per cent. The counter closed down 3.6 per cent or S$0.015 at S$0.405, before the update.