Singapore Exchange (SGX:S68) included First Resources (SGX:EB5) and Olam Group (SGX:VC2) in its STI Reserve List, while NetLink NBN Trust (SGX:CJLU) and SIA Engineering (SGX:S59) exited the list, according to a Thursday bourse filing.
The new changes will take effect from June 22, with the next review scheduled to take place in September, the filing added.
Lung Ming Green Energy Technology Engineering (TPE:3018) signed a settlement deal with Hongsheng Construction at the Chinese Arbitration Association in Taipei, Taiwan.The case stems from a contract dispute regarding electrical and mechanical engineering works for the Taiwan Taoyuan International Airport MRT system.The company said the agreement is not expected to have a material impact on its financial position or operations.
Shenzhen Kedali Industry (SHE:002850) plans to fully redeem its outstanding convertible corporate bonds on June 15, according to a Shenzhen bourse filing on Friday.The six-year Keli Convertible Bond was issued in 2022. The redemption price will be 101.41 yuan per bond.The battery structural component manufacturer's shares slipped 1% during the midday trade.
Sinopec Shanghai Petrochemical (HKG:0338, SHA:600688) tapered expectations around its T1000 grade high-performance carbon fiber following media reports about the product.In a Hong Kong bourse filing Thursday, the firm said the carbon fiber referenced in the reports is a 12K small tow, which is yet to generate revenue or contribute meaningfully once it makes sales.The announcement came after the firm took note of the closing price of its A shares over three consecutive trading days ending June 4, during which its stock price rose by at least 20% in aggregate.The firm clarified that aside from the media reporting, there were no undisclosed matters that would warrant an unusual movement in its A shares' price.The petrochemical firm's Hong Kong shares gained nearly 1% in late morning trade Friday.