Stocks to watch: Vibrant Group, Manhattan Resources, Nanofilm Technologies

THE following companies saw new developments that may affect trading of their securities on Friday (Dec 10):

Vibrant Group: BIP Vibrant Equities, owned by Vibrant Group and 2 brothers of Vibrant's controlling shareholder and chief executive, plans to put up S$6 million to subscribe for new shares in Hiap Seng Engineering, while Tian Yuan, the chief executive of construction company CGC Group, would contribute S$2 million. Vibrant shares closed flat on Thursday (Dec 9) at 9.2 Singapore cents, before the announcement. Trading in Hiap Seng shares has been suspended since November 2019.

Manhattan Resources: L02 A power plant operator owned by the coal shipper is selling 2 plots of land in East Kalimantan for close to 271.3 billion rupiah (S$26 million) in an interested person transaction, the board disclosed after a conditional land sale and purchase agreement on Thursday. Watch-listed Manhattan Resources last closed at S$0.06, with no shares traded on Thursday.

Nanofilm Technologies: MZH The nanotechnology solutions provider surged steadily on Thursday morning, rising some 5.8 per cent or S$0.23 to peak at S$4.22 as at 11.13 am after some 2.1 million shares changed hands. The counter later eased to close the day at S$4.10, higher by S$0.11 or 2.76 per cent, with more than 3.2 million shares traded.