CNMC Goldmine

CNMC Goldmine proposes transfer to SGX mainboard

Shops in Little India are offering to buy back gold amid the global boom in prices.
HOCK LOCK SIEW

The real shine behind Singapore’s golden ambitions is not in gold’s meteoric price increase

Bullion retailers and pawnbrokers, whose inventory values are directly tied to spot prices, lost ground.

SGX-listed gold-linked counters fall on precious metal’s decade-worst plunge

CNMC says it “strongly disagrees” with the additional tax liability, and will file an appeal.
HOT STOCK

CNMC Goldmine shares fall 1.8% on extra tax, penalty in Malaysia

Seatrium has reached an agreement with a buyer, Maersk Offshore Wind’s affiliate Phoenix II, for it to pay the balance of its contract price upon delivery of a vessel.

Stocks to watch: Seatrium, CNMC Goldmine, Singapore Paincare

The notices are not expected to have a material adverse impact on the group’s going concern or operational viability.

CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit

The overnight gold rout could be a “warning signal for assets that have run up too much too fast, even if the fundamentals are favourable”, notes DBS senior rates strategist Eugene Leow.
HOT STOCK

Gold plunge knocks CNMC Goldmine off pedestal after 400% gain