Stocks to watch: Thomson Medical, Straits Trading, Ever Glory
Add BT as a preferred sourceSrinidhi Ragavendran
THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 18):
Thomson Medical Group : The healthcare services provider was granted three months, until Apr 10, to restore its public float, which dropped below 10 per cent in September. The extension comes after its first application to the Singapore Exchange was rejected on Jan 10. The counter closed 1.9 per cent or S$0.001 lower at S$0.053 on Wednesday, before the announcement.
The Straits Trading Company : The investment company has priced S$130 million notes due 2029 at 4.7 per cent. They will be issued at par on Jan 24. Net proceeds from the issuance will be used for general corporate purposes, including financing existing borrowings, working capital and capital expenditure requirements, said the company on Thursday. Shares of Straits Trading closed 0.6 per cent or S$0.01 lower at S$1.77 on Wednesday.
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