Stocks to watch: SGX, Genting Singapore, Boustead Singapore

THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 28):

Singapore Exchange (SGX) : The bourse will adjust the conversion price of its 240 million euro zero-coupon guaranteed convertible bonds due 2024 to S$12.0532 from the current S$12.264, it announced on Thursday. This comes after accounting for a S$0.085 per-share dividend to be approved at SGX’s upcoming annual general meeting on Oct 5. Shares of SGX closed on Wednesday 0.6 per cent or S$0.06 lower at S$9.65.

Genting Singapore : The company’s wholly-owned subsidiary Resorts World Sentosa (RWS) was fined a total of S$95,000 between April 2022 and March 2023 for breaches of anti-money laundering (AML) rules. RWS was fined twice for breaches of the Casino Control Regulations on AML during the past financial year ended March 2023, based on the Gambling Regulatory Authority’s annual report published on Tuesday. The counter closed Wednesday up 1.2 per cent or S$0.01 at S$0.85, before the news.