Stocks to watch: Thomson Medical, ValueMax, Hatten Land, CDL, GuocoLand

THE following companies saw new developments that may affect trading of their securities on Wednesday (Sep 13):

Thomson Medical : The group’s public float has dipped to 9.98 per cent, and the company said on Tuesday that it intends to apply to the Singapore Exchange for a period of three months for it to restore the public float to 10 per cent. The counter closed 1.7 per cent or S$0.001 higher at S$0.06 before the announcement.

ValueMax : The group has launched the eighth series of its three-month commercial paper (CP) in digital securities on the ADDX, through the private market exchange’s CP programme. The pawnbroking chain said on Tuesday that it expects to raise between S$20 million and S$50 million from both accredited and institutional investors. The group’s shares closed flat at S$0.315 after the announcement.