Singapore Stocks to Watch: Nio, Seatrium, Cordlife, Silverlake Axis

Tiger Newspress2023-12-06

The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 6):

Nio saw record revenue, a rebound in gross margin and a narrowing of losses in the third quarter, in part because it exercised restraint with promotions amid stiff competition. The company reported revenue of RMB 19.07 billion yuan ($2.61 billion) in Q3.

Cordlife Group’s accreditation by the Foundation for the Accreditation of Cellular Therapy has been suspended indefinitely, at least until the foundation’s investigations are completed and issues are resolved.

Seatrium Limited has announced the appointment of Adrian Teng as its chief financial officer (CFO) with effect from Jan 1, 2024. According to the company, Teng will bring over two decades of diverse international experience in strategy, finance, restructuring, operations and corporate management across developed and emerging markets.

Silverlake Axis has announced that deputy CEO Cassandra Goh will succeed Andrew Tan as the group’s next CEO from Jan 1, 2025 as part of its planned leadership transition.

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