SG Morning Highlights: AEI Corp changes name to Ascent Bridge, to fully acquire MTBL Global for $16.9 mil
Good morning moomooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Thursday; STI up 1.14%
●AEI Corp changes name to Ascent Bridge, to fully acquire MTBL Global for $16.9 mil
●Stocks to watch: JB Foods, ComfortDelGro, ALog Trust, ESR-Reit, Ascent Bridge
-Moomoo News SG
Market Trend
Singapore shares opened higher on Thursday. The $FTSE Singapore Straits Time Index(.STI.SG)$ increased 1.14 per cent to 3,328.46 as at 9.05 am.
Advancers / Decliners is 135 to 30, with 95.00 million securities worth S$148.09 million changing hands.
Breaking News
AEI Corp changes name to Ascent Bridge, to fully acquire MTBL Global for $16.9 mil
AEI Corp has received shareholders' approval to change its name to Ascent Bridge, following its extraordinary general meeting (EGM) held on March 3.
In the recent EGM, Ascent Bridge had also received shareholders' approval to acquire 100% shareholding interest in MTBL Global for an aggregate consideration of $16,965,000.
MTBL has been stepping up its efforts to expand its presence in the overseas market by signing distribution agreements to appoint local distributors of Moutai Bulao in Singapore, Malaysia, Cambodia, Laos, Saipan, Macau and Hong Kong
Stocks to Watch
$JB Foods (BEW.SG)$ : The cocoa products company expects its business in Russia to be negatively impacted in the short term, due to the massive devaluation of the Russian rouble and supply chain disruption from the ongoing conflict, although it will unlikely face any immediate demand destruction, it said on Wednesday. Shares of JB Foods ended Wednesday flat at S$0.46, before the announcement.
$ComfortDelGro (C52.SG)$ : The transport operator on Wednesday announced that it has appointed Cheng Siak Kian, the chief executive of SBS Transit, as its group deputy chief executive officer (CEO). His appointment takes effect immediately. Shares of ComfortDelGro closed on Wednesday at S$1.40, up 2.9 per cent or S$0.04, before the announcement.
$ARA LOGOS Log Tr (K2LU.SG)$ and $ESR-LOGOS REIT (J91U.SG)$ : Adrian Chui, CEO of ESR-Reit's manager, will be the CEO of the manager of the combined entity following the merger of ESR-Reit and ALog Trust, the trust said on Wednesday. Karen Lee, the CEO of ALog Trust's manager, will join the manager of the combined entity as its deputy CEO. Units of ESR-Reit closed flat on Wednesday at S$0.42, while units of Alog Trust fell 1.2 per cent or S$0.01 to close at S$0.82, before the announcement.
AEI Corp changes name to Ascent Bridge, to fully acquire MTBL Global for $16.9 mil
AEI Corp has received shareholders' approval to change its name to Ascent Bridge, following its extraordinary general meeting (EGM) held on March 3.
In the recent EGM, Ascent Bridge had also received shareholders' approval to acquire 100% shareholding interest in MTBL Global for an aggregate consideration of $16,965,000.
MTBL has been stepping up its efforts to expand its presence in the overseas market by signing distribution agreements to appoint local distributors of Moutai Bulao in Singapore, Malaysia, Cambodia, Laos, Saipan, Macau and Hong Kong
Stocks to Watch
$JB Foods (BEW.SG)$ : The cocoa products company expects its business in Russia to be negatively impacted in the short term, due to the massive devaluation of the Russian rouble and supply chain disruption from the ongoing conflict, although it will unlikely face any immediate demand destruction, it said on Wednesday. Shares of JB Foods ended Wednesday flat at S$0.46, before the announcement.
$ComfortDelGro (C52.SG)$ : The transport operator on Wednesday announced that it has appointed Cheng Siak Kian, the chief executive of SBS Transit, as its group deputy chief executive officer (CEO). His appointment takes effect immediately. Shares of ComfortDelGro closed on Wednesday at S$1.40, up 2.9 per cent or S$0.04, before the announcement.
$ARA LOGOS Log Tr (K2LU.SG)$ and $ESR-LOGOS REIT (J91U.SG)$ : Adrian Chui, CEO of ESR-Reit's manager, will be the CEO of the manager of the combined entity following the merger of ESR-Reit and ALog Trust, the trust said on Wednesday. Karen Lee, the CEO of ALog Trust's manager, will join the manager of the combined entity as its deputy CEO. Units of ESR-Reit closed flat on Wednesday at S$0.42, while units of Alog Trust fell 1.2 per cent or S$0.01 to close at S$0.82, before the announcement.
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