Oct 4: Blumont, M1, China Gaoxian

Singapore shares ended slightly lower on Thursday. The blue-chip Straits Times Index (STI) gave up 0.25% or 7.79 points to end at 3,144.79. Here are some stocks and factors that could affect the market this Friday morning:

Blumont Group said it has on Oct 4 agreed to acquire all the shares in a “foreign-listed coal mining company” for up to $145.9 million. The payment is to be satisfied by the issue of up to 72.2 million new shares in the company representing 4.2% of the company’s enlarged share capital. Blumont said the target company had incurred a loss of $7.9 million for the financial year ended 30 June 2013.

M1 is facing the largest fine on record for a telco - $1.5 million - for the disruption to its 2G and 3G mobile telephone services in January this year.

Fabric maker China Gaoxian, which just resumed trading on the SGX, has been fined by Korea's Regulatory authority Financial Supervisory Services (FSS) two billion Korean won ($2.3 million) over a misleading securities registration statement lodged in 2011.