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SGX:1C0

6 stories mentioning SGX:1C0

Every FINWIRES story that references SGX:1C0, newest first.

Asia

Singapore Shares Remain in Green Despite US-Iran Strikes

Singapore shares remained in the green zone on Wednesday, gaining nearly 1% at the close, despite the US and Iran conducting strikes against each other, fueling an uncertain economic outlook to the region.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,112.86 and 5,150.69 throughout the day. It ended the session at 5,138.24, up 40.82 points or 0.8% compared to Tuesday's close.On the corporate front, shares of Vin's Holdings (SGX:VIN) closed over 7% lower after the company concluded its special investigation audit over irregular transactions linked to a former senior employee and confirmed fraud risk indicators.JustCo's (SGX:JCO) shares were down over 5% at the close as its stabilizing manager, DBS Bank, purchased 642,8000 shares in the company on June 2 between the price range of SG$0.685 and SG$0.765 per share.Meanwhile, Emerging Towns & Cities Singapore (SGX:1C0) secured a key regulatory waiver from the Singapore Exchange Regulation (SGX RegCo) regarding earlier undertakings in connection with a convertible loan agreement with Luo Shandong.

^STISGX:1C0SGX:JCOSGX:VIN
Asia

Emerging Towns & Cities Secures SGX Waiver for Full Equity Loan Settlement; Shares Up 4%

Emerging Towns & Cities Singapore (SGX:1C0) has secured a key regulatory waiver from the Singapore Exchange Regulation (SGX RegCo) regarding earlier undertakings in connection with a convertible loan agreement with Luo Shandong, according to a Tuesday bourse filing.Shares of the property developer were up over 4% in Wednesday trading.The real estate developer obtained an official "no objection" notice regarding the waiver of restrictive compliance undertakings dating back to 2018.Following the approval, the company has preserved its cash reserves, with the loan amount of around SG$1.2 million settled through the issuance of 204.9 million shares at SG$0.09 per share.Under the previous undertakings, Luo was in line to become the company's largest shareholder following the conversion of his loan. However, the company now has a new controlling shareholder, Cao Yongyan, who has a 22.34% stake in the company.In light of the possibility of Luo exercising his right to convert the outstanding loan amount into company shares on or before May 25, the company had applied for a waiver of the undertakings.

SGX:1C0
Asia

Emerging Towns & Cities Singapore Converts $13 Million Loan into Shares; Shares Surge 23%

Emerging Towns & Cities Singapore (SGX:1C0) decided to convert an outstanding loan of $13.0 million into shares at a conversion price of SG$0.09 per share at maturity, according to a Monday bourse filing.Shares of the real estate firm zoomed nearly 23% in Tuesday trading.The loan was converted into 204,887,011 shares, which were issued to Luo Shandong, the lender.The amount was initially granted to the company by Luo back in January 2017.Following the conversion, the company's share capital has increased to 2.16 billion shares.

SGX:1C0
Asia

Emerging Towns & Cities Narrows Attributable Loss in Q1 as Revenue Surges; Shares Down 5%

Emerging Towns & Cities (SGX:1C0) narrowed its attributable loss to owners during the first quarter of the year to SG$737,000 from SG$2.5 million a year earlier, according to a Friday filing with the Singapore Exchange.Shares of the real estate firm were down nearly 5% in Monday trading.Loss per share came in at SG$0.0008 compared with SG$0.0025 in the year-ago period.Revenue surged year over year to SG$4.0 million from SG$976,000.

SGX:1C0
Asia

Singapore Stocks Mirror Regional Gains Buoyed by IT Rally; Salt Investments Zooms 33%

Singapore shares surged on Monday, tracking regional sentiment lifted by a rally in technology stocks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,924.31 and 4,960.14 throughout the day. It ended the session at 4,924.31, up 11.62 points or 0.2% compared to Thursday's close.On the corporate front, shares of Salt Investments (SGX:FQ7) soared over 33% at the close as it signed a placement agreement with Evolve Capital Advisory to raise up to SG$4.8 million.OxPay Financial Services (SGX:TVV) closed over 15% higher as its subsidiary, Oxygen7, secured a financial services license from the Gelephu Financial Services Office of Bhutan.Meanwhile, shares of Emerging Towns & Cities Singapore (SGX:1C0) fell nearly 17% at the close with the property developer forecasting a loss in the first quarter of the year.

^STISGX:1C0SGX:FQ7SGX:TVV
Asia

Emerging Towns & Cities Singapore Flags Loss in Q1; Shares Plunge 13%

Emerging Towns & Cities Singapore (SGX:1C0) is expecting to book a loss in the first quarter of the year, according to a Thursday filing with the Singapore Exchange.Shares of the residential and commercial property developer plummeted nearly 13% in Monday trading.The company has attributed this to higher staff cost and operating expenses driven by its live streaming e-commerce business.The company will release its financial figures on or about May 15.

SGX:1C0