Wednesday, 17 January 2018

Stocks to watch: FSL Trust, JEP Holdings, Top Global, LCT Holdings

THE accompanying organizations issued declarations on Tuesday which could influence the exchanging of their offers. 

In the first place Ship Lease Trust (FSL Trust): FSL Trust has sold a substance tanker for US$13.8 million to pare obligation. Net continues from the transfer will be utilized as a part of full to reimburse a remarkable credit office in the primary quarter of the monetary year 2018, the trustee-director said in a bourse recording on Tuesday. As needs be, FSL Trust will record a related disability charge of about US$9 million for the final quarter of 2017. 

JEP Holdings: UMS Holdings said on Tuesday it has purchased a 7.48 for every penny stake in JEP Holdings for S$5.7 million. The mainboard-recorded firm purchased an aggregate of 109 million JEP shares on the open market, it said in a documenting with the Singapore Exchange after the business sectors shut. UMS's interest in JEP, an accuracy machining organization, comes a day after JEP said a random outsider has been in chats with its official executives in their own abilities over a conceivable arrangement to secure a controlling enthusiasm for the organization. 

Top Global: The designer has chopped out its proposed buy of a couple of abutting shophouses along South Bridge Road. This was on account of the condition for a difference in use at the second to fourth stories of the property as "Lodging or Hostel" couldn't be satisfied, it told the Singapore Exchange in a documenting on Tuesday. Top Global said the end ask for was recognized, and that it got the discount for the S$265,000 alternative store on Jan 16. In November a year ago, Top Global said its completely claimed unit, Holland V Investment, was hoping to purchase the shophouses - 273 and 275 South Bridge Road - for S$26.5 million. 

LCT Holdings: LCT hopes to report a misfortune for the second quarter for the monetary year 2018, it hailed on Tuesday. The gathering, in the past known as Longcheer Holdings, said that the misfortune will be for the most part because of an expansion in support cost for the venture property in Xian, China, in view of a preparatory audit of its execution. LCT will reveal full points of interest of the gathering's money related execution when it reports its quarterly income at the very latest Feb 14.

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