Stocks to watch: Accrelist, UMS Integration, Singapore Kitchen Equipment
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 30):
Accrelist, a medical aesthetics and technology company, defended its proposed RM30 million divestment of its stake in MClean Technologies after queries from the Singapore Exchange. The company's shares fell 4.5% to S$0.171 on Tuesday. UMS Integration requested a trading halt for its Malaysia placement of 59.4 million new shares at RM8.50 per share, which could generate up to RM450 million.
The proceeds will be used for projects in Penang, Vietnam, and Singapore. UMS shares dropped 3.3% to S$2.63 on Monday. The Singapore Kitchen Equipment company faced ongoing investigations by the Commercial Affairs Department, which may last until mid-2027. The company's shares have been suspended from trading for about five years.
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