Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.79% to close at 2,919.30 points yesterday. Last night, US stocks gained, after a benign February inflation reading supported the Federal Reserve’s renewed pledge of low interest rates.

Norwegian dry bulk shipper Golden Ocean (GOGL.SI) will open trade on Thursday after completing a dual listing in Singapore. The firm’s CEO will hold a press conference at around 9 a.m.

Eastgate (EGTL.SI) said it will issue 5.4 billion new shares at 0.2 cents each, on the basis of one rights share for every existing share.

CapitaCommercial Trust (CACT.SI) said it intends to issue $225 million of convertible bonds of five-year maturity.

Giant Investments controls over 90% of the stock of Hongguo (HGUO.SI) after an offer to buy shares at $0.439, and intends to make the company a wholly-owned subsidiary rather than preserving its listing status. Under exchange rules the stock will be suspended from trade when the offer closes on March 22, Hongguo said in a statement.

China Flexible Packaging Holdings posted a net profit of RMB24.9 million ($5.1 million) for the three months ended Jan 31, 2010. Chinaflex’s total revenue in 1Q 2010 was RMB267 million, which was 49.2% higher than RMB179 million in 1Q 2009