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Stocks to watch: Trendlines, Secura, KLW, Noble
TRENDLINES Group: Catalist-listed medical tech incubator Trendlines Group said on Friday that its 26.46 per cent-owned associated company ETView Medical could soon be acquired for some US$16 million.
The fair value of Trendlines' holdings in ETView was about US$1.3 million as at March 31, 2016. Should the proposed sale be concluded, the group is expected to receive net proceeds of about US$3.3 million and a gain from the proposed sale of approximately US$2 million before tax, Trendlines added.
Secura Group: Security solutions provider Secura Group said on Friday that its wholly-owned subsidiary Soverus Technology Pte Ltd had, on Thursday, entered into a sale and purchase agreement to acquire Red Sentry Pte Ltd for S$2.7 million. The Catalist-listed company had requested for a trading halt in its shares before Friday's market open.
KLW Holdings: The Catalist-listed door maker on Friday requested for a lifting of its trading halt. It had requested for a trading halt in its shares before market open on Thursday, saying it is "pending the release of an announcement".
Noble Group: Shares of the Singapore-based commodity trader fell as much as 4 per cent on Thursday after Standard & Poor's cut its credit rating deeper into junk territory, to B+ from BB-, and assigned a negative outlook.
Noble shares fell to as low as S$0.22, before closing on Thursday at S$0.225, down half a Singapore cent or 2.2 per cent. Noble's bonds due 2020 were down an eighth of a point at 80.88/81.75 cents on the dollar.