Stocks to watch: BreadTalk, OUE Lippo Healthcare, Rotary Engineering, Duty Free
THE following companies saw new developments that may affect trading of their shares on Thursday:
BreadTalk Group: Eatery operator BreadTalk Group has priced S$100 million of five-year notes to yield 4 per cent, with proceeds from the bonds to go towards refinancing existing borrowing, financing capital expenditure, and other corporate purposes. The stock closed at S$1.65 on Wednesday, before its announcement.
OUE Lippo Healthcare: The healthcare group is raising S$78.75 million through a private placement of some 562.5 million new ordinary shares to trading company Itochu Corp, it announced on Wednesday, after requesting a trading halt. This will give Itochu a 25.3 per cent stake, on a fully diluted basis, with the new shares expected to be listed by Feb 10. OUELH last traded at 12.1 Singapore cents on Jan 9.
Rotary Engineering: The cash bid to take mainboard-listed Rotary Engineering private was declared unconditional after a Wednesday shareholder vote. Orochem's offer of S$0.46 a share remains open for acceptance until Jan 24. Rotary Engineering closed at S$0.455 on Wednesday.
Duty Free International: Retailer Duty Free International's third-quarter profit slumped by 84.7 per cent on the previous year, it said after the market closed on Wednesday. Earnings stood at RM3.3 million (S$1.1 million), largely on a net foreign exchange loss, against a forex gain the year before. The counter had closed at S$0.275 on Wednesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard