Home THE DAILY EDGE Business Jan 27: Ascendas India, City Developments, Osim
Jan 27: Ascendas India, City Developments, Osim

Tags: Ascendas India Trust | City Developments | Eratat Lifestyle | Mewah International | Osim International | Uni-Asia Finance Corp | Uni-Asia Finance Corporation

Written by Bloomberg   
Thursday, 27 January 2011 08:39
smaller text tool iconmedium text tool iconlarger text tool icon

The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index climbed 1.3% to 3,220.78.

Ascendas India Trust (AIT SP): The operator of business parks in India said third-quarter income for distribution fell 7% to $13.2 million from a year ago. The stock gained 0.5% to 96 cents.

City Developments (CIT SP): Singapore’s second-biggest developer said it has expressed interest to enter into negotiations for a possible purchase of the Tanglin Shopping Centre near the Orchard Road shopping belt. The shares increased 1% to $11.92.

Eratat Lifestyle
(ERAT SP): The China-based maker of athletic shoes and apparel said it agreed to sell 63 million new shares at 21.35 cents each through a share placement. The stock dropped 6% to 23.5 cents when it last traded on Jan. 25.

Mewah International Inc.
(MII SP): The producer of vegetable oils said it will buy six plots of land in Malaysia for about $11.2 million to be used for future expansion. The shares lost 0.9% to $1.09.

Osim International
(OSIM SP): Asia biggest maker of massage chairs outside Japan said fourth-quarter profit doubled to $17 million from $8 million a year ago. Osim climbed 3% to $1.72.

Uni-Asia Finance Corp.
(UNIAF SP): The financier and investor in so-called distressed assets said it has established a new subsidiary in Panama to acquire a bulk carrier. The vessel will be built in a Japanese shipyard, it said. Uni-Asia declined 1.7% to 29.5 cents.

Quote this article on your site

To create link towards this article on your website,
copy and paste the text below in your page.




Preview :


Last Updated on Thursday, 27 January 2011 08:45