Stocks to watch: DFI Retail Group

THE following companies saw new developments that may affect trading of their securities on Tuesday (Sep 24):

DFI Retail Group : The supermarket and retail store operator on Monday announced plans to divest its entire stake in Yonghui Superstores to low-cost retailer Miniso. DFI Retail’s sale of 1.9 billion shares in the Chinese supermarket operator is expected to result in about 4.5 billion yuan (S$823.6 million) in gross cash proceeds. Its shares on the Singapore bourse ended US$0.06 or 3.1 per cent lower at US$1.86, before the news.

Trading halt: Mainboard-listed Amos Group called for a trading halt on Tuesday morning, pending the release of an announcement. The counter closed 20.5 per cent or S$0.009 higher at S$0.053 on Monday.