SGX:BFT

KGI Securities Starts Lincotrade & Associates at Outperform with SG$0.366 Price Target

Lincotrade & Associates Unit to Acquire Opto-Pharm in SG$17 Million Deal; Shares Down 3%

Lincotrade & Associates (SGX:BFT) 50% owned subsidiary, Linc-A, signed a non-binding term sheet to acquire 100% of Opto-Pharm for SG$17 million, according to a Tuesday filing with the Singapore Exchange.Shares of the industrial fitting-out services provider were down over 3% in Wednesday trading.Opto-Pharm is involved in the manufacturing and distribution of pharmaceutical ophthalmic and other solutions and owns properties in Tuas Avenue.The move is part of the company's strategy to expand its operations and support services.

Lincotrade & Associates Unit Establishes Subsidiary

Lincotrade & Associates' (SGX:BFT) unit, Lincotrade Capital, established a subsidiary, Linc-A, according to a Tuesday filing with the Singapore Exchange.The principal activity of the new business is interior fitting-out of assets in the living sector.Lincotrade Capital has a 50% stake in the new business, while Clear Bright Sky and Wee Henry own the remaining shareholding.