[SGX] A SUBSIDIARY of Yoma Strategic Holdings has received approval from the Myanmar Investment Commission for the extension of its lease
and the redevelopment of the former headquarters of Burma Railways Co
into a luxury hotel, the Myanmar development company announced on
Wednesday.
The affected site also includes the non-operational Grand Meeyahta
Hotel. The redevelopment project is being undertaken by Meeyahta
International Hotel Ltd, in which Yoma holds an 80 per cent stake.Yoma shares closed at 39 Singapore cents on Wednesday before the announcement.
Commodity trader Noble Group heads into Thursday's market at a
17-month closing low of 92 Singapore cents following three straight
losing sessions. The stock has come under pressure since mid-February, when the
little-known Iceberg Research issued the first of two reports that
allege aggressive accounting by Noble, which has vigorously rebutted
those claims.
On Wednesday, Noble said wholly owned subsidiary Maylion
has further acquired about 7.9 billion shares in Australian
metallurgical coal producer Cockatoo Coal for A$15.87 million (S$16.7 million).
Singapore Exchange (SGX) has issued a "trade with caution" note on Darco Water Technologies after the water treatment company said it was unaware of any undisclosed information that could explain a sharp spike in its share price on Wednesday.
Darco shares jumped 29 per cent, or 0.7 Singapore cent, to close at 3.1 Singapore cents on Wednesday with 41.4 million shares changing hands, the highest daily volume in at least three and a half years, according to data from ShareInvestor.com.
In response to a trading query from SGX, Darco did note that it is in constant discussions on potential projects and may from time to time enter into discussions about potential acquisitions as part of its normal business.
Singapore Exchange (SGX) has issued a "trade with caution" note on Darco Water Technologies after the water treatment company said it was unaware of any undisclosed information that could explain a sharp spike in its share price on Wednesday.
Darco shares jumped 29 per cent, or 0.7 Singapore cent, to close at 3.1 Singapore cents on Wednesday with 41.4 million shares changing hands, the highest daily volume in at least three and a half years, according to data from ShareInvestor.com.
In response to a trading query from SGX, Darco did note that it is in constant discussions on potential projects and may from time to time enter into discussions about potential acquisitions as part of its normal business.
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