SINGAPORE - The following companies saw new developments that may affect trading of their securities on Tuesday :
Axington: The Singapore Exchange's regulatory arm has"engaged" Axington's continuing sponsor over how it has assessed the"experience, expertise, character and integrity" of its chairman Shen Che. Ms Shen and the Loh cousins Nelson and Terence Loh - Axington's controlling shareholders - are embroiled in a scandal over doctoring photos of former US president Barack Obama for marketing collateral uses.
Aspen: The Catalist-listed Malaysian firm on Monday saw its shares soar 80.5 per cent or 16.5 cents to an intraday high of 37 cents - a record since its initial public offering in July 2017. After trading hours, Aspen said the trading activity might have been caused by its Aug 12 announcement on its plans to diversify its property business to include glove manufacturing and distribution.
Koufu Group: The food and beverage player wants to expand its Supertea and R&B Tea brands to the Philippines, and has given Shakey's Pizza Asia Ventures the rights to retail them under a master franchise agreement. Shares of Koufu fell 0.5 cent or 0.7 per cent to close at 67.5 cents on Monday, before the announcement.
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