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 0.5% to 3,171.83.
Asiatravel.com Holdings (AST SP): The provider of online hotel and travel reservations said its unit SH Tour Pte will discontinue its loss-making business of providing airport transfer and sightseeing tour arrangements. The stock was unchanged at 38 cents.
Ho Bee Investment (HOBEE SP): The Singapore-based property developer said first-quarter net income increased 31% to $54.5 million. Its shares slipped 1.4% to $1.46.
Mapletree Commercial Trust (MCT SP): The owner of properties including Singapore’s VivoCity shopping mall will start trading this afternoon. The company, which is partly owned by Temasek Holdings Pte, raised $893.2 million selling securities at 88 cents each in its initial share sale.
Memtech International (MTEC SP): The supplier of rubber and plastic keypads used in mobile phones and automobiles said first-quarter net income increased to US$2.7 million ($3.3 million) from US$1 million. Memtech climbed 3.5% to 15 cents.
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