Stocks to watch: CDL, Addvalue Technologies, Banyan Group, Multi-Chem
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Sep 18):
City Developments (CDL) announced on Thursday that it will release the outcome of its strategic review before trading hours on Sep 28. The company has been revamping its strategy following internal disputes and difficulties last year. CDL's shares closed 1.4% higher at S$8.14 after reaching a high of S$8.19 on Thursday.
Addvalue Technologies will hold an extraordinary general meeting on Sep 24 to address shareholder concerns about financial transparency and strategic investor involvement in the proposed spin-off listing of its wholly-owned subsidiary, Addvalue Solutions, on the Nasdaq stock exchange. The company's shares rose 3.1% to S$0.197 after closing at S$0.197 on Thursday.
Banyan Group partnered with Newmark Hotels & Reserves, a Cape Town-based hospitality management firm, and acquired a majority stake in Newmark under a phased ownership structure. Banyan Group's shares remained unchanged at S$0.495 on Thursday.
Multi-Chem announced that its CEO, COO, and two senior employees were interviewed by the Corrupt Practices Investigation Bureau (CPIB). The committee of independent directors stated they are not directly involved in the investigation. Multi-Chem's shares held steady at S$4.34 on Thursday.
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.
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- Stocks to watch: CDL, Addvalue Tech, Banyan Group, Multi-Chem businesstimes.com.sg
