Home THE DAILY EDGE Business Sept 28: Fu Yu, Noble Group, OUE: Updated
Sept 28: Fu Yu, Noble Group, OUE: Updated

Tags: Asiatic Group (Holdings) | Fu Yu Corporation | Midas Hldgs | Midas Holdings | Noble Group | Overseas Union Enterprise | Sunpower Group

Written by The Edge   
Tuesday, 28 September 2010 08:41
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The following companies may have unusual price changes in Singapore trading today. Share prices are from the previous close. Singapore’s Straits Times Index gained 0.7% to 3,113.46.

Fu Yu Corp.
(FUYU SP): The manufacturer of plastic injection molds said it sold properties in Tianjin, China, for 34 million yuan ($6.6 million). The stock dropped 3.5% to 14 cents.

Noble Group (NOBL SP): The Hong Kong-based commodities supplier that counts China’s sovereign wealth fund as a shareholder, is seeking to expand its grain and oilseed business to take advantage of rising global food demand, Chief Executive Officer Ricardo Leiman said. Noble climbed 2.1% to $1.91.

Overseas Union Enterprise (OUE SP), a unit of Indonesia’s Lippo Group, said it entered into an agreement with Standard Chartered Plc for a syndicated loan of $750 million. The stock was unchanged at $3.03.

Singapore-listed China energy services firm Sunpower Group said on Monday it has won a 36.5 million yuan ($7.22 million) contract with a major petrochemical player in China to manufacture several energy-saving heat exchangers.

Engineering firm Asiatic Group (ATIC.SI) said on Monday it has secured around $20 million in financing facilities from the Vietnam Development Bank for its 44 megawatts hydropower plants project in Vietnam.

Aluminium products firm Midas Holdings (MIDA.SI) has requested for a trading halt on Tuesday pending announcement.

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Last Updated on Tuesday, 28 September 2010 08:42