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Stocks to watch: Sabana Reit, Sino Grandness, ASTI Holdings, New Silkroutes

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THE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.

THE following companies saw new developments that may affect trading of their shares on Monday:after the purchaser did not obtain approvals from JTC, a condition for the sale. The buyer, Kim Soon Lee Heavy Transport, is not prepared to further extend the long stop date, the Reit said in a statement to the Singapore Exchange on Saturday. At end-September 2018, Sabana had proposed to sell the building at 1 Tuas Avenue 4 for S$11.

to repay outstanding sums to Soleado Holdings and strengthen its financial and working capital. It plans to issue 170 million new shares at the issue price of S$0.04 per placement share, the Chinese canned vegetable and fruits producer said in a bourse filing on Monday before the market opened. The issue price represents a discount of 6.98 per cent to Sino Grandness' volume-weighted average price of S$0.043 for trades done on March 22.

 

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