Singapore shares closed flat on Thursday. The ST Index ended up 2.28 points, or 0.07% at 3,078.20 after touching an intraday low of 3065.79. Here are some stocks and factors to watch this Friday morning:
A consortium led by Overseas Union Enterprise (OUE) has despatched the official document for its $9.08 per share general offer for majority control of Fraser & Neave (F&N), giving shareholders until Jan 3 to accept.
M1, SingTel and StarHub have been told to pay a penalty of $10,000 each for failing to meet standards for outdoor 3G mobile coverage, the Infocomm Development Authority of Singapore (IDA) said on Thursday.
Stamford Tyres Corp has reversed into the red in the second quarter, with a net loss of $3 million compared to a profit of $330,000 previously.
Ernst & Young LLP, the external auditors of Viz Branz, have declined to offer an opinion on the FY2012 accounts of the company. The disclaimer of opinion relates to the allegations of Chng Khoon Peng, an executive director of the xompany, regarding alleged payment arrangements between his son Chng Beng Beng Ben, the group's managing director and deputy chairman, and two Myanmar distributors of the group.
Sembcorp Marine said it has secured two orders worth US$434 million ($530) to build two jack-up rigs for Mexico's Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V.
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