Singapore Stocks to Watch: Yangzijiang Shipbuilding, First Resources and Thomson Medical Group

TigerNews SG01-18

The following companies saw new developments that may affect the trading of their securities on Thursday (Jan 18):

Thomson Medical Group has successfully appealed to the Singapore Exchange (SGX) for an extension of three months, that is, until Apr 10, to restore its public float. The extension comes after its first application to SGX was at first rejected on Jan 10.

Yangzijiang Shipbuilding (Holdings) has secured a contract to build six units of 13,000 twenty-foot equivalent units (TEU) methanol dual-fuel containerships for Ocean Network Express (ONE) on Jan 17.

First Resources Limited’s indirect subsidiary, PT Karya Tama Bakti Mulia, has successfully bid for the acquisition of plantation assets held by PT Tri Bakti Sarimas for a cash consideration of IDR1.9 trillion ($164.9 million) on Jan 17.

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