The Singapore Exchange (SGX) is giving affected companies carrying out a share consolidation to comply with the Minimum Trading Price (MTP) requirement, a 6-month extension before they are reviewed for compliance with the MTP requirement.
Sembcorp Marine shares shed another 4.4 per cent today after the rig builder announced it had reached a so-called "standstill" agreement with a rig customer, North Atlantic Drilling. The counter hit a six-year low on Wednesday after the company announced it expected to post its first quarterly loss since 2003.
Energy exploration and production company Mirach Energy has been placed on the Singapore Exchange's (SGX's) watchlist of companies that are struggling financially. The firm has assets in both Cambodia and South Sumatra, Indonesia, including oil wells.
Ascendas Hospitality Trust (A-HTrust) on Thursday signed an agreement with leading Malaysian developer UEM Sunrise to acquire the serviced apartments component of a high-rise mixed use development that is set to be one of Melbourne's tallest buildings for A$120 million (S$123.8 million).
Oil breaking below US$40 a barrel ignited losses in equity markets, with energy producers and mining stocks driving declines in Asia. Precious metals plumbed multi-year lows while the dollar gained after Federal Reserve Chair Janet Yellen reinforced expectations for a December rate hike.