Stocks to watch: CSE Global, Marco Polo Marine, iX Biopharma
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Sep 7):
CSE Global, a company currently undergoing a strategic review, recently submitted a preliminary report to its board after its appointed financial adviser, Jefferies Singapore, completed their assessment. While the board is currently reviewing the report, they have emphasized that there is "no certainty or assurance" that any definitive agreement will be reached or any transaction will result from the review process.
Meanwhile, Marco Polo Marine entered into a conditional sale and purchase agreement with Fuji Offset Plates Manufacturing. The proposed reverse takeover transaction, initially announced on May 15, has a consideration value up to S$139 million. This includes a base consideration of S$120 million and a deferred consideration of up to S$19 million. Following the announcement of the agreement, Marco Polo Marine's shares saw a slight increase, ending the day with a 0.8% rise or S$0.001 higher at S$0.129.
Aside from these developments, global events continue to impact financial markets. The ongoing trade dispute between the US and Canada has far-reaching implications that could potentially damage bilateral relations. Moreover, Canada's escalating tariffs with the US might have lasting consequences on their economic ties. Simultaneously, the record remittances sent to the Philippines have not been sufficient to prevent the Philippine peso from sliding further amid mounting economic pressures.
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.
