The following companies saw new developments that may affect the trading of their securities on Friday (Nov 25):
Chip Eng Seng’s chairman Celine Tang and her husband Gordon Tang have together tabled a voluntary conditional cash offer to acquire all issued ordinary shares in the property player at a price tag of S$0.72 apiece, with the end goal of privatising and delisting the company from the Singapore Exchange (SGX) should they attain more than 90 percent of shares.
Kimly posted a 13.4 percent drop in net profit to S$34 million for the 2022 full year, from S$39.3 million a year earlier, despite a revenue jump. This was mainly due to lower non-taxable government grants, the company said in a Thursday (Nov 24) bourse filing.
Marco Polo Marine on Thursday (Nov 24) reported a net profit of S$10.5 million for the second half of the fiscal year ended September, a 19 percent increase from earnings of S$8.8 million in the year-ago period.
Keppel Corporation’s offshore and marine (O&M) arm, Keppel O&M, has received a payment of about US$160 million following the delivery of the first of three jackup rigs to ADNOC Drilling Company PJSC (ADNOC Drilling).
Koperink Global Investors LLC – an investment management company headquartered in Tampa, Florida – has ceased to be a substantial shareholder of local palm oil player Golden Agri-Resources.