Timeline: A look back at M1’s history
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Keppel and SPH obtain 90 per cent of M1's sharesSINGAPORE - The offer to buy Singapore's third largest telco M1 has crossed a key threshold.. Read more at straitstimes.com.
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M1 loses free float, to be delistedTELCO M1 has lost its free float and will be delisted after the close of the voluntary conditional general offer.Currently, Konnectivity - owned jointly by Keppel and Singapore Press Holdings (SPH) - and its concert parties control 835.1 million shares or 90.15 per cent of the total number of shares of M1. Read more at The Business Times.
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Stocks to watch: Olam, Indofood Agri, Hong Leong Finance, Banyan Tree, M1, IHH Healthcare, Jardine C&CTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
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M1 loses free float, to be delistedTELCO M1 has lost its free float and will be delisted after the close of the voluntary conditional general offer.Currently, Konnectivity - owned jointly by Keppel and Singapore Press Holdings (SPH) - and its concert parties control 835.1 million shares or 90.15 per cent of the total number of shares of M1. Read more at The Business Times.
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Huan Hsin to delist, submit cash exit offer by end-MarchWHILE electronics contract manufacturer Huan Hsin Holdings' appeal to the Singapore Exchange (SGX) against its delisting was rejected, it got up till end of March 2019 to submit a reasonable cash exit offer proposal after its appeal for more time to do so. SGX had told the company to delist in December 2018 due to its repeated failure to meet listing requirements for profitability and market value. The company said it thinks it will be able to continue operating as a going concern in the foreseeable future, though it did acknowledge that its current assets of S$24 million and current liabilities of S$70.5 million as at Dec 31 posed a going concern issue.But the group added: 'Management is confident with the strategies of corporate restructuring to streamline operations and disposing non-performing assets to lower costs and reduce borrowings.'This came as the company narrowed its net loss to S$2.5 million for the fiscal year 2018 from a net loss of S$20.6 million previously.This was helped by a boost in operating income to S$15.1 million from S$2.4 million in the previous fiscal year, from a gain on disposal of land and buildings and net foreign exchange gain. Revenue fell 35.3 per cent to S$15.7 million from the year-ago period, as the company shut down loss-making plants and wound down its manufacturing business in stages, with the shutdown of its Suzhou facility. Loss per share shrank to 0.62 Singapore cent from a loss per share of 5.15 Singapore cents in the preceding year. Shares in the company are suspended. Read more at The Business Times.
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China Gaoxian receives SGX delisting notice, must provide exit offerTHE Singapore Exchange (SGX) has ordered yarn supplier China Gaoxian Fibre Fabric Holdings to delist because of its failure to meet mainboard requirements on profitability and market capitalisation. Read more at The Business Times.
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Stocks to watch: Olam, Indofood Agri, Hong Leong Finance, Banyan Tree, M1, IHH Healthcare, Jardine C&CTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
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Low-income Singaporeans with family history of cancer to get greater access to screening programmeSINGAPORE: Low-income Singaporeans with a family history of cancer will get financial assistance to go through genetics screening to identify ...
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India vs Pakistan: A history of conflict over KashmirNEW DELHI: India and Pakistan have fought two wars and had countless skirmishes over Kashmir, the Himalayan region claimed in full by both ...
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