Stocks to watch: UOB, UMS Integration, Koh Brothers Eco Engineering
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 19):
On Wednesday (Aug 19), the following companies saw developments that may impact trading of their securities:
1. UMS Integration: The group's wholly-owned subsidiary in Singapore, UMS International, announced the incorporation of a wholly-owned subsidiary in Vietnam, UMS Vietnam Integration Company. This new subsidiary has an issued and paid-up share capital of US$2 million. UMS shares ended at S$2.82 on Tuesday, a 1.7% decrease from the previous day.
2. Koh Brothers Eco Engineering: Shareholders voted in favor of moving the company from the Catalist to the mainboard of the Singapore Exchange during an extraordinary general meeting on Tuesday. The shares of Koh Brothers Eco Engineering closed at S$0.103 on Tuesday, a 9.6% decrease or S$0.011 lower from the previous day. The company faces potential legal liabilities of up to S$57.6 million.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
