Friday, June 14, 2013

Jun 14: Petra Foods, Broadway Industrial, TEE International

Singapore share prices ended 0.72% lower on Thursday, recovering from an intraday fall of as much as 1.9%. The blue-chip Straits Times Index (STI) fell 22.79 points to end at 3,130.69. Here are some stocks to watch this Friday morning:

Swiss chocolate maker Barry Callebaut said on Thursday that its majority shareholder will buy half of a new share issue that will help to finance its US$950 million ($1.2 billion) acquisition of Singapore group Petra Foods' cocoa business.

Singapore's Broadway Industrial said it had obtained term loan and revolving loan facilities for US$65.5 million.

Singapore engineering and property group TEE International said its engineering segment had won contracts worth a total of $49.1 million for construction and redevelopment works.

Olam International made the lowest offer, of US$310.88 a tonne CIF liner out, in an international tender for 50,000 tonnes of wheat by Bangladesh's state grains buyer, an agency official said on Thursday.

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