Company Briefs: SGX and FTSE Russell

SGX and FTSE Russell

There will be no changes to the constituents of the Straits Times Index (STI) following the June quarterly review, FTSE Russell announced yesterday.

The global index provider also said that the STI reserve list will comprise Suntec Reit, Singapore Post, Neptune Orient Lines, Keppel Reit and Mapletree Commercial Trust.

The list is made up of the five highest-ranking non-constituents of the STI by market capitalisation.

The next review will be on Sept 1.

The indexes are reviewed quarterly to fast-track the inclusion of eligible initial public offering stocks.


Blumont

Investment firm Blumont Group, one of the three stocks that crashed and wiped out more than $8 billion in market value in a matter of days in 2013, will be placed on the Singapore Exchange watch list today, following three consecutive years of losses.

The firm has to take active steps to restore its financial health and meet certain requirements within 36 months from today.

It said that business continues as usual.


GLP

Logistics services provider GLP has leased 215,000 sq ft of space in Sao Paulo to two Brazilian firms. One is a global healthcare company that has leased 140,000 sq ft at GLP Guarulhos, and the other is a third-party logistics provider that is renting 75,000 sq ft at GLP Campinas, "to serve domestic demand for mobile phones and related products".


Trek 2000 International

Trek 2000 International, which has seen some of its key executives interviewed by the Commercial Affairs Department (CAD), said that chief financial officer and executive director Gurcharan Singh, 60, retired yesterday.

Mr Singh is assisting the CAD in investigations of a possible offence under the Penal Code.

Mr Edward Tan Kew Poh, 40, was appointed finance director, while Mr Edwin Long Ming Fai, 52, was appointed executive director and deputy chief executive as well yesterday. Several key executives were interviewed at the end of May, including chief executive and chairman Henn Tan.

A version of this article appeared in the print edition of The Straits Times on June 03, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe