Home THE DAILY EDGE Business Sept 8: Yangzijiang, DBS, United Envirotech, Sound Global, BH Global Marine, Super Group
Sept 8: Yangzijiang, DBS, United Envirotech, Sound Global, BH Global Marine, Super Group

Tags: Bh Global Marine | DBS Group | Dbs Group Holdings | Sound Global | Super Group | United Envirotech | Yangzijiang Shipbldg Hldgs | Yangzijiang Shipbuilding

Written by Reuters   
Wednesday, 08 September 2010 08:52
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Singapore stocks may open lower on Wednesday after US stocks fell on renewed concerns about European banks following a newspaper report that major lenders understated their holdings of potentially risky government debt. Singapore’s benchmark Straits Times Index <.FTSTI> inched 0.05% higher on Tuesday to 3,036.09 points. Here are some stocks to watch:

Singapore-listed Chinese shipbuilder Yangzijiang (YAZG.SI) will be in focus as it Taiwan Depository Receipts start trading on the Taiwan Stock Exchange on Wednesday.

DBS Group Holdings (DBSM.SI), Southeast Asia’s biggest lender, said on Tuesday it has issued $1 billion fixed rate notes due 2015 under its US$10 billion ($13.5 billion) debt issuance programme. The net proceeds will be used for general business purposes.

Chinese water treatment firm United Envirotech (UNIT.SI) said on Tuesday it has won a 30 million yuan ($5.95 million) contract to build a wastewater recycling plant in Heilongjiang province, China, that will supply recycled water to nearby chemical plants.

Chinese wastewater treatment firm Sound Global (SOGL.SI) said on Tuesday it has exercised an upsize option to increase the size of its 6% convertible bonds due 2015 to 885 million yuan ($175.6 million) from 680 million yuan. The estimated net proceeds of $170.2 million will be used for investment in water treatment projects.

Marine equipment firm BH Global Marine (BHGM.SI) said on Tuesday it has received approval from the Taiwan Stock Exchange and Taiwan Central Bank to list up to 60 million shares in Taiwan. The firm said it will now apply for necessary approvals from other authorities.

Singapore instant beverage maker Super Group (SPGP.SI) said on Tuesday that 20 million of its Taiwan Depository Receipts have been quoted and are expected to trade on the Taiwan Stock Exchange on Thursday.


 

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Last Updated on Wednesday, 08 September 2010 08:53