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Stocks to watch: YuuZoo, CapitaLand, Vallianz
THE following stocks had announcements that could affect trading activity on Thursday:
YuuZoo Corporation said on Thursday morning that it has formed a new e-sport joint venture in China which would bring the firm at least five million active paying users and 1.5 million yuan (S$325,000) in the first 12 months of operations. The mobile social e-commerce company was also reprimanded by the Singapore Exchange on Wednesday evening for mis-using SGXNet.
The Ascott Limited has reached its goal of 40,000 units ahead of its end-of-year deadline. The serviced residence unit owned by CapitaLand Limited has aggressively expanded in the past five months, and aims to double its current units to 80,000 by 2020.
Offshore marine solutions provider Vallianz Holdings said that it has secured S$10 milllion through the issue of 10 million convertible preference shares to United Orient Capital. The proceeds will go towards fleet expansion and working capital, Vallianz said in its announcement on Thursday morning.