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 fell 0.6% to 3,075.44.
ASL Marine Holdings (ASL SP): The Singapore-based shipbuilder said it issued $50 million worth of fixed-rate notes carrying a coupon rate of 4.5%. ASL gained 0.8% to 63 cents.
CapitaMall Trust (CT SP): Singapore’s biggest retail property trust said it increased the size of its convertible bond sale to $250 million from $200 million because of strong demand. The three-year bonds, which carry a coupon rate of 2.125% a year, can be converted into CapitaMall Trust shares at $2.2692 per share. The stock slipped 1.1% to $1.83.
Global Logistic Properties (GLP SP): The logistics company whose customers include Wal-Mart China and FedEx Corp., will replace SMRT Corp. (MRT SP) on the benchmark Singapore index effective March 21, according to a statement by the Singapore Exchange (SGX SP), Singapore Press Holdings (SPH SP) and FTSE International. Global Logistics slipped 0.5% to $1.96. SMRT was unchanged at $1.93.
Keppel Corp. (KEP SP): The world’s biggest builder of oil rigs said its Keppel Offshore & Marine unit won two contracts valued at $170 million from Saipem SpA (SPM IM) and Bumi Armada Bhd. (BAB MK). The stock fell 1.5% to $11.82.
Kyodo-Allied Industries (KAIL SP): The maker of air ventilation products said it agreed to buy Great Spirit Management, a property developer in China, for $600 million in a reverse-takeover deal. The company will issue 1.64 billion Kyodo-Allied shares at 36.5 cents each in exchange for the Chinese company, giving Great Spirit shareholders about 84% of its enlarged share capital, it said. The shares, which were suspended from trading yesterday, last traded unchanged at 8 cents on March 9.
Swiber Holdings (SWIB SP): The provider of offshore logistic services said it won a contract valued at US$125 million ($159 million) to install a subsea pipeline and perform platform modification works for an unnamed customer in South Asia. The stock gained 0.6% to 81 cents.
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