SINGAPORE - The following companies saw new developments that may affect trading of their shares on Thursday :
Yoma Strategic Holdings: The Myanmar-focused firm sunk into the red with a net loss of US$44.2 million for its second quarter ended Sept 30, compared with a net profit of US$18.8 million a year ago. Philippines conglomerate Ayala Corporation has also invested US$155 million for a maximum 20 per cent stake in the company. This makes Ayala the second largest shareholder in the group, Yoma said in a separate announcement. Yoma shares closed flat at $0.
Rex International: Rex is back in the black for the third quarter with a US$582,000 net profit, compared with a US$1.6 million net loss a year ago, following the completion of a US$2 million sale in licences to a third party. For the three months ended Sept 30, earnings per share was 0.05 US cent versus a loss per share of 0.13 US cent.
Hong Leong Finance: Net profit for its third quarter ended Sept 30 fell 35.7 per cent to $23.6 million from $36.7 million a year ago. The profit declines came on the back of a record high performance in the year-ago period, Hong Leong Finance said. The net attributable profits included a net recovery of doubtful debts and other financial assets of $5.7 million and $7.4 million respectively. Hong Leong Finance shares closed down one cent or 0.38 per cent to $2.64 on Wednesday.
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