Tuesday, September 8, 2015

CIT, QT Vascular, Fabchem China, Ramba Energy, Hutchison Port Holdings Trust

The following stocks may be in focus today:

Cambridge Industrial Trust Management, the manager of Cambridge Industrial Trust (CIT), says it has issued approximately 1.82 million units in CIT at an issue price of about 65 cents per unit.

QT Vascular, together with its subsidiaries, has received CE mark clearance for its peripheral drug-coated balloon, Chocolate Touch.

Fabchem China warns that the group’s profit and revenue are expected to be significantly lower for the 2Q16 ended June compared to a year ago.

Singapore's High Court has dismissed the lawsuit filed against Ramba Energy West Jambi (REWJ), a wholly-owned unit of Ramba Energy, on grounds that there was "no breach of contract" by REWJ.

The trustee-manager of Hutchison Port Holdings Trust has declined an offer from parent Hutchison Port Holdings to acquire its entire 50% equity interest in Zhuhai International Container Terminals (Gaolan Phase 2).

Civil engineering contracting firm Swee Hong has filed an application to the Court to convene a meeting with certain creditors of the company to work out a scheme of arrangement to facilitate a restructuring plan for its debt and liabilities.

Markets

The Straits Times Index ended Monday 0.40% lower at 2,852.41, after trading between 2,832.65 and 2,865.53. Excluding warrants, decliners outnumbered gainers 266 to 124.

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