Telecommunications firm Global Tech (Holdings) asked for a trading halt on Dec 14, with effect from 9am. The firm said in a filing to the Singapore Exchange on Monday (Dec 14) that this was "pending the release of an announcement of a transaction regarding a change in control of the company".
Mainboard-listed Cosco Corp (S) Ltd, the shipbuilding arm of China's China Ocean Shipping Group, fell to the lowest price in more than 11 years in Singapore trading on Monday (Dec 14) after the company said it will post a "significant net loss" in the fourth quarter.
Minister for Trade and Industry Lim Hng Kiang will be attending the 10th World Trade Organisation (WTO) ministerial conference in Nairobi, Kenya, from Dec 15-18. Ministers and officials from over 160 member states are expected to attend the event, the Ministry of Trade and Industry (MTI) said in a press release on Monday (Dec 14).
Mainboard-listed Vard Holdings said Petrobras Transportes SA (Transpetro) has terminated the contracts for two liquefied petroleum gas (LPG) carriers on order from its 50.5-per cent owned indirect subsidiary, Vard Promar SA.
Malaysia's ringgit fell to a three-week low on Monday (Dec 14) as a new China index tracking the yuan against a basket of currencies spurred speculation the exchange rate will weaken as it shifts away from linking it to the US dollar.
Property foreclosures in Hong Kong will double from current levels by the end of next year (2016) as a slowing economy hurts borrowers' ability to service their mortgages, according to an auctioneer with 23 years of industry experience.