Here are some stocks that could move the market this Wednesday morning.
The Singapore Exchange says it has agreed to extend the period of exclusive discussions with the Baltic Exchange to August 31 from June 30 to. SGX had on May 25 entered into exclusive discussions with the Baltic Exchange regarding the cash offer for 100% share capital of the Baltic Exchange. SGX’s shares closed higher at $7.41 on Tuesday.
The manager of Mapletree Logistics Trust (MLT) is acquiring a warehouse facility in Malaysia at a consideration of MYR160 million ($53.2 million) from its sponsor, Mapletree Investments. Mapletree Logistics Trust Management says the acquisition of Mapletree Shah Alam Logistics Park offers an attractive net property income yield of 7.5% at the purchase consideration and is expected to be accretive at the distribution level. MLT units closed 1.5% higher at $1.00.
CNMC Goldmine Holdings has signed a non-binding letter of intent to acquire a 51% stake in a Malaysian mineral miner Pulai Mining. Pulai Mining owns exploration and mining licenses with a combined license area of 3,841.3 ha, in Kelantan. Pulai Mining will issue new shares to CNMC for a total consideration of RM13.8 million ($4.6 million) which will be funded through internal resources. CNMC closed 3.8% lower at 38 cents.
Sembcorp Marine has acquired a 50% stake in KANFA Aragon AS for NOK 20 million ($3.2 million) from Sevan Marine ASA. Aragon is a process design and engineering company that serves the offshore oil and gas industry, and provides solutions for the floating production, storage and offloading (FPSO) market.
Sim Lian Group’s new executive condominium Treasure Chest will be launched for e-applications from July 1 to July 10. The 504 unit EC located at Anchorvale Crescent offers 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units across its eight 15-storey blocks. The development is expected to receive its Temporary Occupation Permit in 2019. Sim Lian shares closed 0.6% lower at 88 cents.
CSC Holdings says its jointly owned Top3 Development has accepted a conditional letter of offer to acquire a 15-acre freehold land plot in Seremban, Negeri Sembilan, Malaysia. The land acquisition is subject to approval for the conversion of land use to commercial use, and the execution of the sale and purchase agreement on terms mutually agreed by Top3 and the vendor. CSC shares closed lower at 2.2 cents on Wednesday.
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The Singapore Exchange says it has agreed to extend the period of exclusive discussions with the Baltic Exchange to August 31 from June 30 to. SGX had on May 25 entered into exclusive discussions with the Baltic Exchange regarding the cash offer for 100% share capital of the Baltic Exchange. SGX’s shares closed higher at $7.41 on Tuesday.
The manager of Mapletree Logistics Trust (MLT) is acquiring a warehouse facility in Malaysia at a consideration of MYR160 million ($53.2 million) from its sponsor, Mapletree Investments. Mapletree Logistics Trust Management says the acquisition of Mapletree Shah Alam Logistics Park offers an attractive net property income yield of 7.5% at the purchase consideration and is expected to be accretive at the distribution level. MLT units closed 1.5% higher at $1.00.
CNMC Goldmine Holdings has signed a non-binding letter of intent to acquire a 51% stake in a Malaysian mineral miner Pulai Mining. Pulai Mining owns exploration and mining licenses with a combined license area of 3,841.3 ha, in Kelantan. Pulai Mining will issue new shares to CNMC for a total consideration of RM13.8 million ($4.6 million) which will be funded through internal resources. CNMC closed 3.8% lower at 38 cents.
Sembcorp Marine has acquired a 50% stake in KANFA Aragon AS for NOK 20 million ($3.2 million) from Sevan Marine ASA. Aragon is a process design and engineering company that serves the offshore oil and gas industry, and provides solutions for the floating production, storage and offloading (FPSO) market.
Sim Lian Group’s new executive condominium Treasure Chest will be launched for e-applications from July 1 to July 10. The 504 unit EC located at Anchorvale Crescent offers 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units across its eight 15-storey blocks. The development is expected to receive its Temporary Occupation Permit in 2019. Sim Lian shares closed 0.6% lower at 88 cents.
CSC Holdings says its jointly owned Top3 Development has accepted a conditional letter of offer to acquire a 15-acre freehold land plot in Seremban, Negeri Sembilan, Malaysia. The land acquisition is subject to approval for the conversion of land use to commercial use, and the execution of the sale and purchase agreement on terms mutually agreed by Top3 and the vendor. CSC shares closed lower at 2.2 cents on Wednesday.
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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