Stocks to watch: CSE Global, Cordlife, Dasin Retail Trust, Centurion

THE following companies saw new developments that may affect trading of their securities on Tuesday (Sep 10):

CSE Global : The automation solutions provider on Monday said it has agreed to an US$8 million settlement payment with the customer of its wholly owned subsidiary, Hankin Environmental Systems. The settlement is expected to have a material adverse impact on the company’s financial position for the fiscal year ending Dec 31, as it will record the settlement sum for the financial year. The counter rose 1.1 per cent or S$0.005 to close at S$0.47, before the news.

Cordlife : The embattled cord-blood bank’s group director for quality and operations, Tan Huiying, will resign from the company effective Nov 4 – four months after she assumed her current position. The company on Monday said Tan was leaving to pursue her “personal interests” and that her resignation had been accepted by the board of directors. The counter closed flat at S$0.14, before the announcement.