Stocks to watch: Apac Realty, Lum Chang Creations

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 19):

Apac Realty : Apac Realty announced on Friday that the lawsuit previously filed against its wholly owned subsidiary, property agency ERA Realty Network, has been discontinued and withdrawn. It was one of three defendants, which the claimants had been seeking a total of S$731,212 in damages from. Shares of Apac Realty ended at S$0.55, S$0.015 or 2.7 per cent lower on Thursday.

Lum Chang Creations : The company is planning to launch a placement of up to 35 million shares at S$0.759 each to raise gross proceeds of up to about S$26.6 million, it announced on Thursday. The move is aimed at increasing the firm’s public float as it prepares to transfer its listing from the Catalist board to the mainboard of the Singapore Exchange. Shares of Lum Chang Creations ended flat at S$0.83 on Wednesday. A trading halt the company requested on Thursday will be lifted on Friday morning.