[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 22):
Singapore Post (SingPost): The postal service provider’s operating profit for the third quarter ended December came in at S$3.4 million, a 60 per cent year-on-year drop from S$8.4 million. The decrease comes on the back of increased market pressure and competition, said SingPost on Friday. The property assets business – including SingPost Centre – is expected to remain stable, it added. The counter closed flat at S$0.50 on Thursday.
Thomson Medical: The group on Thursday announced that it obtained a S$225 million Islamic revolving credit facility from Maybank in Singapore. Proceeds will go towards repayment of the monies owed under its existing revolving credit facility and related costs, as well as towards the company’s working capital needs, capital expenditure and acquisitions. Shares of Thomson Medical ended Thursday at S$0.047, up 2.2 per cent or S$0.001, before the announcement.
TalkMed: The mainboard-listed group called for trading of its shares to be suspended from the Singapore Exchange (SGX) with effect from Friday, 9 am. This comes as the SGX Regulation on Thursday granted in-principle approval for its delisting after Tamarind Health’s offer to privatise TalkMed received shareholder approval on Jul 15. TalkMed is expected to delist on Sep 15. The counter closed Thursday flat at S$0.455.
LHN: The real estate services group’s unit Coliwoo will launch a co-living residence with retail offerings at the former Bukit Timah Fire Station in September. The property will feature a community garden, co-working space, events for members in Coliwoo’s network, and retail tenants with experiential offerings such as urban farming and beer brewing. This follows LHN’s proposed spin-off listing of Coliwoo on SGX’s mainboard, for which an extraordinary general meeting will be held on Sep 9. Shares of LHN ended Thursday at S$0.825, up 5.8 per cent or S$0.045, before the announcement.
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