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Stocks to watch: SGX, Pacific Radiance, Roxy-Pacific, Ipco International
THE following stocks may be in focus on Monday:
Singapore Exchange (SGX): The SGX said on Friday it is allowing companies with controversial dual-class share structures to have their first, primary listing here. The SGX is also getting ready to raise funds for potential acquisitions.
Pacific Radiance: The offshore and marine group said on Friday it is asking holders of its S$100 million medium-term notes to swap their notes for fresh equity, in a bid to restructure its debt.
Roxy-pacific Holdings: Roxy-pacific and the group managing director of Tong Eng Group, Teo Tong Lim, have joined hands to acquire a residential leasehold site in the Upper Bukit Timah area for S$102.75 million, it said on Friday.
Ipco International: A shake-up has been set in motion at Ipco International, with long-time executive director Carlson Smith ousted during an extraordinary general meeting on Jan 19 requisitioned by Ipco's new investor James Blythman.