The Business Times

Stocks to watch: Sembmarine, Biolidics, Jumbo Group

Tan Nai Lun
Published Tue, Sep 21, 2021 · 08:16 AM

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

Sembcorp Marine (Sembmarine): S51 The group has fully utilised the last S$160 million of S$600 million in cash proceeds raised from its S$2.1 billion rights issue in 2020. In a bourse filing on Tuesday morning, the offshore and marine company said it used the cash for working capital purposes, with the bulk of it, or S$66 million, deployed as payment for subcontractors' labour services. Shares of Sembmarine closed 0.2 Singapore cent or 2.4 per cent lower at 8.2 cents on Monday.

Biolidics: 8YY : 8YY 0% The Catalist-listed medtech company on Monday said it has obtained confirmation for the CE marking of its ClearEpi NAB Test, which allows Biolidics to market and sell the product in the European Union. The test may provide indication of an individual's protective immunity against Covid-19. Biolidics' shares closed 1.5 per cent or 0.2 Singapore cent lower at 12.8 cents on Monday, before the announcement.

Jumbo Group: 42R The food and beverage company has officially opened its second Jumbo Seafood outlet in Beijing at the Universal Studios' Beijing resort, which is also the group's eighth Jumbo Seafood restaurant in China and its 17th across Asia, it said in a regulatory filing on Monday evening. Shares of Jumbo group closed at 29.5 Singapore cents on Monday, down 0.5 cent or 1.7 per cent, before the announcement.

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