You are here

Stocks to watch: Best World, 800 Super, Cordlife, Synagie

THE following companies saw new developments that may affect trading of their shares on Monday:

Best World International: Best World's trading halt has been extended again as the company looks to release its quarterly results. Trading in shares of Best World has been halted since April 24, after its stock price tumbled on the back of a shortseller report that probed the accounting behind the skincare product seller's profits and its sales practices. Based on the most recent extension granted by the Singapore Exchange (SGX) on April 27, the trading halt was to be lifted on May 6. In exchange filings on Saturday, Best World said SGX has granted the company a further extension of three days, with the halt to be lifted by May 9. The counter closed at S$1.62 on April 24, down 9 per cent, or 16 Singapore cents. 

800 Super: The Lee family that controls 800 Super Holdings has made a voluntary conditional offer for the Catalist-listed rubbish collection firm in a bid to delist it, calling on financing from private equity firm KKR. The Lees are offering S$0.90 in cash for each 800 Super share, in a deal that values the company at S$161 million. They do not intend to increase the offer price, 800 Super announced in a regulatory filing on Monday before the market opened.

As at 10.01am on Monday, the counter was trading close to its offer price at S$0.89, up 9.9 per cent, or eight Singapore cents. The offer price represents a premium of 16.1 per cent to the company's last transacted price per share of S$0.775 on April 26, which is the last full market day on which they were transacted. 800 Super had called for a trading halt on April 29 after its shares rose 4.52 per cent in early trading. They had surged 10.71 per cent in the previous trading session on April 26. The offer price is also a 17.6 per cent premium to 800 Super's weighted average price per share over the last 12 months. 

Cordlife: The mainboard-listed bloodbanker on Friday night requested its trading halt to be lifted on Monday. This comes after the SGX queried the company on "unusual price movements" and Cordlife called for a trading halt after its shares surged as much as 20 per cent. In a regulatory filing on Friday after market close, the company noted that it "conducts regular reviews from time to time of strategic options available with a view to enhance shareholder value", but noted that there is no assurance that any transaction will materialise. It added that its board is not aware of any other possible explanation for its share price movements, and that it is in compliance with SGX's listing rules. The counter last traded at 50.5 Singapore cents on Friday before the halt, up 16.1 per cent, or seven Singapore cents. 

Your feedback is important to us

Tell us what you think. Email us at

Synagie: E-commerce solutions vendor Synagie has partnered Samsonite International's subsidiary - Samsonite Malaysia - to assist in managing the latter's online sales, the company said in a regulatory filing on Monday. Through this agreement, Synagie will assist in managing or automating the online sales of the luggage manufacturer’s brands including Samsonite and American Tourister across e-commerce platforms Lazada, Shopee and Zalora in Malaysia. The deal is Synagie's first foray into travel and lifestyle e-commerce, and adds to the group's portfolio of over 270 brand partners. Synagie shares closed at 9.9 Singapore cents on Friday, down 2.94 per cent, or 0.3 Singapore cent. 

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to