The markets remain unsettled by concerns such as the Federal Reserve's ongoing rate hikes and European gas supplies. U.S. stocks were unimpressive overnight Tuesday (Sept. 27), with only the $DJIA(.DJI)$ closed 0.43% lower at 29,134.99.Morning news from the Singapore stock market:$SATS LTD.(S58.SI)$ requested a pre-market suspension of stock trading for reasons to be announced. The company had asked to suspend trading last week in connection with talks to acquire Worldwide Flight Services, the world's largest air cargo handling company.$SMI Vantage(Y45.SI)$, which is on the watch list, announced that SGX has agreed to
Sin Heng Heavy Machinery Limited is a Singapore-based provider of heavy lifting services. The principal activities of the Company are engaged in hiring and dealing in cranes and heavy machinery and provision of facilities and custody services. The Company operates through two segments: Equipment Rental and Trading. The Equipment Rental segment is engaged in the rental and servicing of cranes and aerial lifts. The Trading segment is involved in the trading of cranes and aerial lifts. The Company also undertakes the sales and distribution of spare parts for the cranes and aerial lifts. It has a global network of suppliers from which it sources lifting equipment, including directly from equipment manufacturers and various end-users, equipment rental companies, and trading houses, to fulfill all customer needs. The Company’s geographical area includes Singapore, Indonesia, Malaysia, Myanmar, Vietnam, Taiwan, and others.