THE following stocks had developments or news that may
influence trading on Tuesday:
A voluntary conditional cash offer of S$1.65 per offer share
has been made to delist and privatise Auric Pacific Group, the
mainboard-listed food manufacturing and retail company whose brands include
Sunshine Bread and Buttercup.
The offer is made by Silver Creek Capital, an
investment holding entity jointly owned by Stephen Riady and Andy Adhiwana.
According to a filing made to the Singapore Exchange on Tuesday, the offer
price is final.
Ezra Holdings said on early Tuesday that it had,
on Monday, received a statutory demand from the solicitors of Forland
Subsea in relation to a claim made by Forland against the company for the
payment of about 25.5 million Norwegian krone (S$4.4 million).
The Singapore-listed offshore and marine group added that
the statutory demand stated that if payment for the sum demanded is not secured
or compounded to the reasonable satisfaction of Forland within three weeks, the
solicitors of Forland will apply for the company to be wound up by the High
Court of Singapore.
Mainboard-listed property developer First Sponsor
Group on Tuesday posted more than double growth in net profit to
S$72.9 million for its fourth quarter ended Dec 31, 2016, up from S$31.9
million a year ago.
This is despite a significant fall in revenue from S$100.3
million in the previous year to S$21.6 million this year, due mainly to lower
revenue from the sale of properties and property financing of S$74.1 million
and S$4.8 million respectively.
SGX
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