Singapore stock watch: DBS, ThaiBev, Golden Agri, UG Healthcare, Cordlife

The Singapore Exchange Centre in Shenton Way.
The Singapore Exchange Centre in Shenton Way.PHOTO: ST FILE

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 6):

DBS: Local lender DBS and Standard Chartered have jointly led a workgroup of 12 other banks to create and conduct a proof-of-concept for a digital Trade Finance Registry. This is to enhance lending practices and improve transparency in commodity trade, DBS said on Tuesday. The counter closed at $20.58 on Monday, up $0.21 or 1 per cent.

Thai Beverage Public Co (ThaiBev): A new joint venture involving ThaiBev will produce nutritious food and beverage products. Shares of ThaiBev ended Monday flat at 59.5 cents.

Golden Agri-Resources: The integrated palm oil producer on Tuesday said it has incorporated a fully-owned sugar subsidiary in Sao Paolo, Brazil, called Golden Agri-Resources Brasil Sociedade Limitada Unipessoal. Shares of mainboard-listed Golden Agri closed flat at 14.2 cents on Monday.

UG Healthcare: Shares of the Malaysian glove manufacturer jumped on Monday on active trading, following news that the Employees Provident Fund Board of Malaysia had become a substantial shareholder with a direct interest of 5.29 per cent, up from its previous 4.99 per cent stake. The stock began the day at $0.96 before reaching an intraday high of $1.04 at 1.16pm. The counter ended Monday at $1, up 6.5 cents or 7 per cent.

Mapletree Logistics Trust, Global Investments, PEC, Suntar Eco-City, Starland Holdings: Several companies with directors involved in ongoing investigations - one related to Eagle Hospitality Trust (EHT) and another into Ayondo - issued disclosures on Monday in response to queries from the Singapore Exchange. Most were related to Kelvin Tan, an EHT independent non-executive director who also sits on the boards of several other companies.

Cordlife Group: Goh Jin Hian has left his post as Cordlife chairman with immediate effect, although he continues to serve as an independent director, the mainboard-listed company said late Monday night. This was in view of a lawsuit that Inter-Pacific Petroleum's judicial managers have filed against Dr Goh in relation to an alleged breach of director's duties. Cordlife shares last traded at $0.36 on Sept 30.