Here are some stocks that could move the market this Friday morning.
The general offer by CMA CGM S.A. for Neptune Orient Lines (NOL) has been declared to be wholly unconditional after majority shareholders Temasek and its affiliates tendered all of their shares in acceptance of the offer. CMA CGM now owns 78.07% of all NOL shares and does not intend to preserve the listing status of NOL. NOL closed at $1.30 on Thursday.
Otto Marine, which is in the process of being privatised, says wholly-owned subsidiary, PT Batamec has secured a shipbuilding contract worth US$14 million ($18.9 million). PT Batamec is tasked to construct a 6,500 dwt product tanker from an Indonesian stated-owned enterprise. The tanker, which will be operated in Indonesian waters, is expected to be delivered in 2Q2018. Otto Marine closed 37% at 32 cents on Thursday.
Marine logistics firm Atlantic Navigation Holdings has signed a shipbuilding agreement with a China-based shipyard to supply seven new vessels for five-year charter. The vessels will be built in China for US$45 million ($60.7 million). The group will finance its cost through a combination of borrowings and internal resources. Atlantic Navigation shares last traded at 35 cents on May 19.
Malaysian property developer Capital City Property is seeking a listing on the Singapore Exchange’s Catalist board through a reverse takeover of marble products producer Terratech Group. Terratech will issue 4.3 billion shares at seven cents each to the shareholders of Capital City for their stakes in the company, valuing Capital City at $300 million. Terratech's shares last traded at 5.1 cents each on Tuesday.
Tritech Group’s wholly-owned subsidiary, Tritech Consultants has won a contract totalling $36.6 million from the Land Transport Authority. Tritech shares closed flat at 7 cents on Thursday.
iX Biopharma says South Korea is the latest country to grant a patent to WaferiX drug delivery technology. WaferiX is an alternative drug delivery method that enables drugs to be administered sublingually and delivered rapidly into the bloodstream. The South Korean patent will expire in 2030. The counter closed unchanged at 31 cents on Thursday.
ISR Capital is acquiring a 19.9% stake in Mauritius-registered Tantalum Holding, which fully owns Tantalum Rare Earth Malagasy S.A.R.L., a rare earth mineral company incorporated in Madagascar. ISR Capital will pay $13.3 million for the acquisition via the allotment and issuance of new shares in the company at 10 cents apiece.. Shares of ISR Capital ended lower at 9 cents on Thursday.
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The general offer by CMA CGM S.A. for Neptune Orient Lines (NOL) has been declared to be wholly unconditional after majority shareholders Temasek and its affiliates tendered all of their shares in acceptance of the offer. CMA CGM now owns 78.07% of all NOL shares and does not intend to preserve the listing status of NOL. NOL closed at $1.30 on Thursday.
Otto Marine, which is in the process of being privatised, says wholly-owned subsidiary, PT Batamec has secured a shipbuilding contract worth US$14 million ($18.9 million). PT Batamec is tasked to construct a 6,500 dwt product tanker from an Indonesian stated-owned enterprise. The tanker, which will be operated in Indonesian waters, is expected to be delivered in 2Q2018. Otto Marine closed 37% at 32 cents on Thursday.
Marine logistics firm Atlantic Navigation Holdings has signed a shipbuilding agreement with a China-based shipyard to supply seven new vessels for five-year charter. The vessels will be built in China for US$45 million ($60.7 million). The group will finance its cost through a combination of borrowings and internal resources. Atlantic Navigation shares last traded at 35 cents on May 19.
Malaysian property developer Capital City Property is seeking a listing on the Singapore Exchange’s Catalist board through a reverse takeover of marble products producer Terratech Group. Terratech will issue 4.3 billion shares at seven cents each to the shareholders of Capital City for their stakes in the company, valuing Capital City at $300 million. Terratech's shares last traded at 5.1 cents each on Tuesday.
Tritech Group’s wholly-owned subsidiary, Tritech Consultants has won a contract totalling $36.6 million from the Land Transport Authority. Tritech shares closed flat at 7 cents on Thursday.
iX Biopharma says South Korea is the latest country to grant a patent to WaferiX drug delivery technology. WaferiX is an alternative drug delivery method that enables drugs to be administered sublingually and delivered rapidly into the bloodstream. The South Korean patent will expire in 2030. The counter closed unchanged at 31 cents on Thursday.
ISR Capital is acquiring a 19.9% stake in Mauritius-registered Tantalum Holding, which fully owns Tantalum Rare Earth Malagasy S.A.R.L., a rare earth mineral company incorporated in Madagascar. ISR Capital will pay $13.3 million for the acquisition via the allotment and issuance of new shares in the company at 10 cents apiece.. Shares of ISR Capital ended lower at 9 cents on Thursday.
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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