Singapore Stocks to Watch: Yangzijiang Shipbuilding, Golden Energy, Ho Bee Land, EC World Reit
@Tiger_Newspress：
The following companies saw new developments that may affect the trading of their securities on Monday (Mar 20): Yangzijiang Shipbuilding on Sunday (Mar 19) said its subsidiary, Yangzijiang Shipping, is considering appealing against the Singapore High Court’s order last Friday for it to wind up over US$4.8 million in unpaid debt. Golden Energy and Resources (Gear) on Saturday (Mar 18) announced an increase in consideration in relation to its proposed break-up and delisting, following criticisms that the deal’s terms were unfavourable for minority investors. The exit offer price will be raised by 13 percent to S$0.181 per share, from S$0.16. HO Bee Land said late on Friday (Mar 17) that the recent sale of its industrial assets for S$115 million is not related to its debt load. The disposal is in the group’s “ordinary course of business”, the real estate company said in a bourse filing, which set out to flag multiple inaccuracies on Mar 15. The majority of lenders of EC World Reit (Real Estate Investment Trust) have agreed to extend the Reit’s deadline for its outstanding repayments to Apr 30 this year, its manager announced in a bourse filing on Friday (Mar 17). $(BS6.SI)$ $(AUE.SI)$ $(H13.SI)$ $(BWCU.SI)$
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