Stocks to watch: Pan Ocean, Nanofilm, Darco

THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 21):

Pan Ocean AZY : AZY 0%: Harim Holdings' exit offer for the bulk shipping company has turned unconditional after the latter's shareholders approved its voluntary delisting from the Singapore Exchange. Shares of Pan Ocean last traded S$0.01 or 0.1 per cent higher at S$8.27 on Monday (Dec 20) before the announcement.

Nanofilm Technologies International MZH : MZH 0%: The mainboard-listed tech manufacturer provided a business update for the fourth quarter ended Dec 31, noting that it has incurred plant and equipment qualification costs. But executive chairman and former CEO Shi Xu said Nanofilm has in place a strategy to accelerate the commercialisation and increase adoption of its nanotechnology solutions across multiple existing and new areas. Shares of Nanofilm closed at S$3.720 on Monday, down 16 Singapore cents or 4.1 per cent before the announcement.

Darco Water Technologies BLR : BLR 0%: Minority shareholders at the engineering services company have reached an "amicable resolution" with non-executive deputy chairman and controlling shareholder Wang Zhi regarding previous complaints made over various alleged wrongdoings. The stakeholders now recognise that Wang has at all material times sought to act in the best interests of Darco, the company said in a statement on Monday. Shares of Darco closed flat at S$0.126 on Monday before the announcement.

Trading halt: Construction engineering company Boldtek Holdings 5VI : 5VI 0%has requested for a trading halt on Tuesday morning, pending an announcement. Shares of the counter closed down 2.9 per cent or 0.2 Singapore cent at S$0.066 on Monday.