19 December 2012

Singapore Stock Market Daily Update - 19 December 2012

Singapore shares moved within a small range at midday, weighed by property firms, as investors waited on the sidelines for more signs of progress in resolving the US “fiscal cliff” budget crisis.

Thai Beverages - Thai beer baron Charoen Sirivadhanabhakdi tried and failed to acquire an additional stake of 10 per cent in Fraser and Neave Ltd (F&N). His current bid offer is S$8.88 per share.

OlamOlam International Ltd announced that Temasek Holdings (Private) Ltd has raised its stake and bought 200,000 shares in the company for S$293,000 through its subsidiary Aranda Investments Pte Ltd.

Aspial - Aspial Corporation Ltd proposed to undertake a re-nounceable non-underwritten rights issue of about 61.6 million shares at an issue price of S$0.38 per share. 

Biosensors: The company announced that it has incorporated a new wholly-owned subsidiary known as “Biosensors Investment (Singapore) Pte. Ltd.” in Singapore with an initial issued and paid up share capital of S$1.00. Biosensors Investment (Singapore) Pte. Ltd.’s principal activity is investment holding. The incorporation was funded by internal resources and is not expected to have any material impact on the earnings per share or the net tangible assets of the Company for the current financial year ending 31 March 2013

Osim: The company announced that the Company has purchased a 30% stake in Suzhou Daitec  Exercising Machine Co., Ltd (“Suzhou Daitec”) for USD 1.09 million on 13 December 2012. This increase in equity was achieved via a purchase from the Company’s joint venture partner Daito Electric Machine Industry Co. Ltd (“Daito”) on a willing buyer willing seller basis.  Daito is a long term strategic partner of OSIM. Suzhou Daitec is a research & development and manufacturing arm of Daito and this acquisition will further strengthen the research & development capability of the Group and deepen the partnership between the Company and Daito. 

Daily Shares Buy Back

Viking - 50,000 shares @ S$5,264.00

Exercise of Warrants

OKP - The company announced that the number of issued ordinary shares of the Company has increased from 306,365,210 ordinary shares (excluding treasury shares) to 306,703,210 ordinary shares (excluding treasury shares) by way of the allotment and issue of 338,000 new ordinary shares pursuant to the exercise of 338,000 warrants at the exercise price of $0.20 on 10 December 2012. These new shares rank pari passu in all respects with the existing shares of the Company, and they were listed and quoted on the Singapore Exchange Securities Trading Limited today. There are 2,411,050 outstanding warrants remaining after the aforesaid exercise. 

Enviro-Hub The company announced the issue and allotment of 3,145,332 shares in the capital of the Company at the price of S$0.10 each, pursuant to the conversion of 3,145,332 Warrants on 17 December 2012. The new issued shares rank pari passu in all respects with the existing shares of the Company. The total number of issued and paid-up shares in the capital of the Company has increased from 944,961,171 ordinary shares to 948,106,503 ordinary shares. The outstanding Warrants after the conversion is 134,173,213. 

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