FINWIRES · TerminalLIVE
FINWIRES

Singapore Shares Eke Out Gains; MeGroup Rises 9%

By

Singapore shares closed marginally higher on Wednesday, as investor sentiment improved on hopes of the US and Iran reaching a peace deal.

The Straits Times Index ranged between 4,915.13 and 4,935.68 throughout the day. It ended the session little changed in positive territory at 4,927.38.

On the corporate front, shares of MeGroup (SGX:SJY) rose 9% after its subsidiary, Menang Nusantara, agreed to acquire two freehold commercial units in Malaysia for 14 million ringgit.

Ley Choon (SGX:Q0X) closed nearly 5% higher as its subsidiary, Ley Choon Constructions and Engineering, secured underground utilities services contracts worth SG$35.6 million.

Meanwhile, Centurion Accommodation REIT (SGX:8C8U) gained 2% as its net property income reached SG$37.5 million in the first quarter, above the expected SG$36.6 million.

Related Articles

Asia

Ley Choon Unit Bags SG$36 Million Contracts; Shares Up 3%

Ley Choon's (SGX:Q0X) subsidiary, Ley Choon Constructions and Engineering, secured underground utilities services contracts worth SG$35.6 million, according to a Tuesday filing with the Singapore Exchange.Shares of the underground infrastructure services company were up nearly 3% in Wednesday trading.The contracts are expected to conclude within 24 to 36 months.

SGX:Q0X
Asia

Goldwind Science & Technology to Provide Wind Turbine Services in Morocco for $29 Million; Hong Kong Shares Down 3%

Goldwind Science & Technology (SHE:002202, HKG:2208) agreed to provide long-term operation and maintenance services for wind turbines in Morocco for a total guarantee amount of up to $29.4 million, according to a Shenzhen bourse filing on Wednesday.The deal was signed with Energie Eolienne du Maroc through a subsidiary, Goldwind Morocco (SARL).The Chinese wind power company's Hong Kong shares dropped 3%, while Shenzhen shares rose less than 3% during morning trade.

HKG:2208SHE:002202
Asia

AusQuest Says Reverse Circulation Drilling at Peru Porphyry Copper-Gold Project Defines Continuous Mineralized Corridor

AusQuest (ASX:AQD) said reverse circulation drilling continues to define a continuous mineralized corridor extending more than 1,500 meters in length at the Cangallo porphyry copper-gold project in Peru, according to a Wednesday Australian bourse filing.Drilling encountered intercepts of 269 meters at 0.3% grade of copper and 0.1 grams per tonne (g/t) grade of gold from 160 meters, as well as 214 meters at 0.3% grade of copper and 0.1 g/t grade of gold from 124 meters.The company said that permitting of the stage four drill pads was prioritized to enable further drilling in the highly prospective southern portion of the prospect.

ASX:AQD