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Stocks to watch: AusGroup, Sabana Reit, China Star Food
THESE stocks had developments or news that may influence trading on Friday:
AusGroup: Offshore and marine player AusGroup has reported a gain of about A$1.3 million (S$1.4 million) from the sale of its assets and equipment in Singapore for US$3 million. The unidentified buyer is a limited liability company incorporated in the State of Kuwait and is in the business of repairing equipment and facilities management.
Sabana Reit: The sponsor and manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust will undertake a strategic review of the Reit, days after angry investors said that they are looking to throw out the manager over its lacklustre performance.
China Star Food Group: It has agreed to expand its products to 419 Walmart stores in China, making its products available in more than 19 provinces there. This is the group's first breakthrough into a national hypermarket chain.