THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 12):
SIA Engineering (S59): SIA Engineering Company (SIAEC) announced on Oct 12 the signing of an Inventory Technical Management (ITM) Programme with MYAirline, a new low-cost airline based at Kuala Lumpur International Airport.
Under the programme, SIAEC will provide component support coverage for aircraft and engine spares on-site consignment and pooling support services as well as repair and overhaul support services for MYAirline’s fleet of Airbus A320 aircraft. The agreement has a term of 10 years, with an option to extend a further period of two years.
Q&M Dental (QC7): Medical technology company Acumen Diagnostics announced on Tuesday (Oct 11) that it has won the Ministry of Health’s (MOH) tender to operate one of the sites allocated for Joint Testing and Vaccination Centres (JTVCs).
The company, which is 51 per cent owned by Q&M Dental Group (Singapore) and 49 per cent owned by Aoxin Q&M Dental Group, bagged a 15-month contract to operate the JTVC from Oct 1, 2022 to Dec 31, 2023.
Actual operations will start from Nov 21, with the contract estimated to be worth at least S$3.6 million, the company said.
Trek 2000 (5AB): TREK 2000 International’s founder Henn Tan was sentenced to 16 months’ imprisonment on Tuesday (Oct 11) for engaging in conspiracies to falsify accounts, forge documents and deceive external auditors of the firm that developed the ubiquitous thumb drive.
The 66-year-old former chief executive of mainboard-listed Trek 2000 has been in remand since June, and this period will count towards his jail term.
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