Home THE DAILY EDGE Business Sept 7: CapitaMalls, Cheung Woh, Marco Polo
Sept 7: CapitaMalls, Cheung Woh, Marco Polo

Tags: Capitaland | Capitamalls Asia | Cheung Woh Technologies | Marco Polo Marine | SGX | Singapore Exchange | United Envirotech

Written by Bloomberg   
Tuesday, 07 September 2010 08:42
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The following companies may have unusual price changes in Singapore trading today. Stock prices are from the previous close. Singapore’s Straits Times Index gained 1.1% to 3,034.58.

CapitaMalls Asia
(CMA SP): The shopping mall operator said it and parent CapitaLand (CAPL SP) won a tender for a site in the eastern Singapore town of Bedok. The partners will pay the government $788.9 million for the property, which will be developed into a residential and retail complex. CapitaMalls was unchanged at $2.21. CapitaLand rose 1% to $3.98.

Cheung Woh Technologies (CWM SP): The Singapore-based supplier of components for hard disk drives said it is investing $10 million to buy new production equipment needed to meet customer demand. Cheung Woh slipped 1.6% to 30 cents.

Marco Polo Marine
(MPM SP): The shipping and shipbuilding company said it won a contract, valued at $4 million, to transport coal in Indonesia. Its shares gained 2.4% to 42.5 cents.

Singapore Exchange (SGX SP): The operator of the city’s securities and derivatives exchange said Chew Choon Seng will become chairman on Jan. 1, replacing J.Y. Pillay, who retires at the end of the year. Singapore Exchange increased 1.6% to $7.72.

United Envirotech (UENV SP): The environmental engineering company said its application to list depositary receipts on Taiwan Stock Exchange has been approved. The stock rose 2.5% to 41 cents.


 

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Last Updated on Tuesday, 07 September 2010 08:43