Here are some stocks that could move the market this Monday morning.
Noble Group’s board of directors have accepted the resignation of Yusuf Alireza, Chief Executive Officer. “Mr. Alireza has helped guide Noble through a very challenging period, moving the company to an asset light, merchant focused model; he played a pivotal role in the successful sale of Noble Agri to a group of investors led by COFCO, and has also been instrumental in securing the recently announced re-financing,” says Noble. Appointed to replace him are William Randall and Jeff Frase as Co-Chief Executive Officers.
Mapletree Logistics Trust (MLT) is expanding its presence in Sydney. The manager of MLT is proposing to acquire a portfolio of four dry warehouse facilities located in the Australia capital at a consideration of A$85.0 million ($84.4 million). The acquisition will offer an attractive net property income yield of 7.1% and is expected to be accretive at the distribution level, says the manager. Units of MLT closed 0.5% higher at 98 cents on Friday.
Lereno Bio-Chem could soon transform itself into a property developer in Malaysia through a reverse takeover deal. The cash company is planning to acquire the entire share capital of Majubina Projects Sdn Bhd for $50 milllion, which will be fulfilled by the issuance of new shares. Shares of Lereno Bio-Chem last traded at 10 cents.
Sembcorp Marine on Monday said it has delivered the high-specification offshore jack-up rig, Maersk Highlander, to Maersk Highlander UK. The rig has a 2-million-pound drilling capacity, 6,000 barrels of mud capacity, 28,000-kip preload capacity for the legs, and an accommodation facility that houses up to 150 workers. Sembcorp Marine closed flat at $1.56 on Friday.
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Noble Group’s board of directors have accepted the resignation of Yusuf Alireza, Chief Executive Officer. “Mr. Alireza has helped guide Noble through a very challenging period, moving the company to an asset light, merchant focused model; he played a pivotal role in the successful sale of Noble Agri to a group of investors led by COFCO, and has also been instrumental in securing the recently announced re-financing,” says Noble. Appointed to replace him are William Randall and Jeff Frase as Co-Chief Executive Officers.
Mapletree Logistics Trust (MLT) is expanding its presence in Sydney. The manager of MLT is proposing to acquire a portfolio of four dry warehouse facilities located in the Australia capital at a consideration of A$85.0 million ($84.4 million). The acquisition will offer an attractive net property income yield of 7.1% and is expected to be accretive at the distribution level, says the manager. Units of MLT closed 0.5% higher at 98 cents on Friday.
Lereno Bio-Chem could soon transform itself into a property developer in Malaysia through a reverse takeover deal. The cash company is planning to acquire the entire share capital of Majubina Projects Sdn Bhd for $50 milllion, which will be fulfilled by the issuance of new shares. Shares of Lereno Bio-Chem last traded at 10 cents.
Sembcorp Marine on Monday said it has delivered the high-specification offshore jack-up rig, Maersk Highlander, to Maersk Highlander UK. The rig has a 2-million-pound drilling capacity, 6,000 barrels of mud capacity, 28,000-kip preload capacity for the legs, and an accommodation facility that houses up to 150 workers. Sembcorp Marine closed flat at $1.56 on Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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