THE following companies saw new developments that may affect the trading of their securities on Friday (Dec 27):
CSE Global: The technology solutions provider on Friday said its subsidiary has commenced legal proceedings in Texas in the US, to recover US$6 million paid to a customer under a bank’s counter standby letter of guarantee. In the event the group fails, CSE Global said there may be an impact on its financial performance for the financial year ending December 2024. The counter closed on Thursday S$0.005 or 1.1 per cent lower at S$0.46.
Singapore Institute of Advanced Medicine Holdings (SIAMH): In response to queries from the Singapore Exchange, the troubled healthcare provider said there was no guarantee that the company can generate “significant” revenue and profitability. This comes after the group was earlier this month flagged for uncertainties over keeping afloat. Shares of SIAMH ended flat at S$0.055, after the response was issued on Thursday.
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