Archive | Singapore Trading News

Share delisting trend seen to continue on SGX

Recent share delistings, especially among property counters on the Singapore Exchange (SGX), have raised the interest of small shareholders. This is because delisting bids can come with attractive exit offers as high as a 20 per cent premium to the stock’s last traded price, according to Liu Jinshu, SIAS Research investment analyst. Analysts expect the […]

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Ascendas REIT to develop Unilever Four Acres Singapore

Ascendas REIT said it will be developing a centre for Unilever Asia at an estimated development cost of S$32.3 million. This is excluding the S$26.4 million premium for the underlying land located at Nepal Park. In a filing with the Singapore Exchange (SGX), A-REIT said the property – called Unilever Four Acres Singapore – will […]

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SGX offers corporate solutions to listed firms

The Singapore Exchange (SGX) has partnered with NASDAQ OMX, the world’s largest exchange, to provide a platform of corporate solutions to locally listed companies. Called Corporate Solutions, the software – which helps to enhance corporate activities of firms – is available to all SGX-listed companies. The price will depend on the number of services subscribed […]

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SGX Appoints Dale Ginn as President and CEO

Hugh Wynne, Executive Chairman of SGX Resources Inc. (TSX-V: SXR) (“SXG” or the “Company”) is pleased to announce that the Board of Directors has appointed Dale Ginn President and Chief Executive Officer. Mr. Ginn is a Professional Geologist who brings over 25 years of mine and exploration geology, mine management, and executive experience in precious […]

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The Capital Group Offloaded Tiger Airways Shares

The Capital Group Companies Inc has offloaded about 7 million shares of Tiger Airways to cut its ownership from 5.93% to 4.7%. The Capital Group disposed the shares through a series of transactions in the period of July 5 to July 12, 2011. Tiger Airways shares closed lower by 0.5% Friday to S$1.005. At that […]

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Singapore Stocks-May fall on US budget stalemate; SMRT in focus

Singapore shares were likely to fall on Tuesday, following losses on Wall Street overnight amid concerns over a stalemate on the U.S. budget and fears that euro zone debt woes could spread to Italy. Singapore public transport operators SBS Transit and SMRT may be in focus after both companies said they had submitted applications to […]

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Singapore Stocks-Down at midday in choppy trade; 3,000 support seen

Singapore shares slipped 0.2 percent by the midday on Thursday in choppy trade, as Moody’s warning that it may downgrade its credit rating for the U.S. spurred fund outflows from Asian equities into safe-haven assets. By the midday break, the Straits Times Index (STI) was down 7.15 points at 3,081.27. The total value of shares […]

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Selling among directors rebounds sharply

THE buying slowed while the selling among directors rebounded sharply based on filings on the exchange from June 27 to July 1. A total of 13 companies recorded 30 purchases worth $18.76 million versus five firms with nine disposals worth $30.36 million. Although the number of purchases was only two trades shy from the previous […]

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