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.

Boustead Singapore : The mainboard-listed company requested an extension from the SGX Regulation to allow it to provide details of its exit offer for Boustead Projects only after its first-half results have been released. This came a day after the regulation body issued a directive for the delisting of Boustead Projects. Its shares closed down 2.3 per cent or S$0.02 at S$0.845 on Wednesday, before the announcement.

OUE Healthcare (OUEH), Healthway Medical : The offer for OUEH to take Healthway Medical private at S$0.048 per share turned unconditional after garnering acceptances amounting to 50.47 per cent of total issued shares in Healthway Medical. This makes the offer unconditional as to the level of acceptances, but not in all respects, as offeree resolutions have yet to be approved at Healthway Medical’s extraordinary general meeting to be held later on Thursday. Shares of mainboard-listed OUEH closed on Wednesday 3.5 per cent or S$0.001 lower at S$S$0.028, while shares of Healthway Medical closed flat at S$0.048, before the announcement. 

Apac Realty : The real estate services provider has expanded to Queensland after inking a master franchise agreement that grants Queensland 888 exclusive rights to operate or grant memberships for the operation of ERA member broker offices in the Australian state. The counter last traded at S$0.52 on Tuesday.