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Companies & Markets

Stock to watch: SingHaiyi Group

Tessa Oh

Tessa Oh

Published Fri, Dec 17, 2021 · 08:39 AM

Stocks to watch

THE following companies saw new developments that may affect trading of their securities on Friday (Dec 17):

SingHaiyi: 5H0 : 5H0 0%The property developer on Friday morning said it has lost its free float, after a voluntary unconditional cash offer for the group secured 95.8 per cent valid acceptances as at 6 pm on Thursday (Dec 16). The offer remains open for acceptance until its final closing date on Jan 10, 2022, following which its offerors Gordon and Celine Tang intend to delist SingHaiyi. Shares of the group ended S$0.001 or 0.9 per cent higher at S$0.117 on Thursday.

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