Singapore shares closed higher on Friday. The ST Index ended up 24.05 points, or 0.79%, at 3,069.95. Here are some stocks and factors to watch this Monday morning:
Singapore Airlines said on Monday it was in discussions with interested parties for the possible divestment of its 49% stake in British carrier Virgin Atlantic. SIA did not name the interested parties, but Reuters reported on Sunday that Delta Air Lines Inc has held recent talks to buy SIA's 49 percent stake in Virgin Atlantic, citing two people familiar with the matter.
Singapore commodity trader Olam requested on Monday a trading halt in its shares for one day pending the release of an announcement. Olam bought 100% of Dehydro Foods, which processes dehydrated onions and herbs in Egypt, for $30.8 million.
Olam said in a filing to the Singapore Exchange on Friday that CEO Sunny Verghese bought the shares in the open market at $1.54 each, raising his stake in the company to 4.67% from 4.63%.
Koon Holdings wholly owned subsidiary, Koon Construction & Transport Co Pte Ltd, has received a new contract worth $24.8 million. The contract, for the construction of roads, drains, sewers and a vehicular bridge at Jurong Island, will last 15 months.
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