Stocks to watch: Far East Orchard, CSE Global, Addvalue Tech
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Sep 25):
Far East Orchard: The UK joint venture of the Singapore developer has acquired a London property for £60 million. The site, known as King's Place, will be transformed into a 444-bed student accommodation and an eight-unit key worker accommodation block. This news caused Far East Orchard's shares to trade flat at S$1.06 before the announcement.
CSE Global: The U.S.-based systems integrator announced securing two electrification contracts worth a combined US$150 million. Shares of CSE Global rose 1.6% to close at S$1.26 on Thursday, ahead of the news.
Addvalue Tech: Shareholders of the satellite communications provider approved the proposed spinoff and Nasdaq listing of its wholly owned subsidiary, Addvalue Solutions (AVS), along with a share dilution. AVS handles the company's business and commercial activities involving the Inter-Satellite Data Relay System. The stock fell 2.6% to close at S$0.185 on Thursday, before the announcement.
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.
