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SGX:QS9

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Asia

Singapore Shares Remain in Green Amid US-Talks; Global Invacom Surges 13%

Singapore shares remained in black on Tuesday, tracking regional gains as the US and Iran are set to meet for a second round of talks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,995.97 and 5,021.07 throughout the day. It ended the session at 5,014.96, up 10.89 points or 0.2% compared to Monday's close.On the corporate front, shares of Global Invacom (SGX:QS9) surged nearly 13% at the close as its UK subsidiary signed a deal with Premix-Hadlock to become the exclusive worldwide distributor of Prodelin antennas.Aspial Lifestyle (SGX:5UF) closed nearly 4% higher as it priced SG$28 million worth of 5.10% bonds due 2029, under its SG$300 million multicurrency medium-term bond program.Meanwhile, shares of ISOTeam (SGX:5WF) were up nearly 4% at the close as it secured SG$30 million worth of contracts.

^STISGX:5UFSGX:5WFSGX:QS9
Asia

Global Invacom Bags Exclusive Global Distribution Deal for Prodelin Antennas

Global Invacom (SGX:QS9) said its UK subsidiary signed a deal with Premix-Hadlock to become the exclusive worldwide distributor of Prodelin antennas, according to a Tuesday filing with the Singapore Exchange.Approved by satellite operators Intelsat and Eutelsat, Prodelin antennas provide cost-effective connectivity and quality solutions for Very Small Aperture Terminal (VSAT), cellular backhaul, and a range of ground station applications for government and defense communication.Shares of the satellite products supplier surged nearly 14% in Tuesday's afternoon trade.

SGX:QS9