[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 3):
Seatrium: The group has secured a floating storage regasification unit (FSRU) conversion contract from energy company Kinetics. The project will commence in the third quarter of 2025 and involves the conversion of a liquefied natural gas carrier into an FSRU named LNGT Turkiye. It is the seventh FSRU partnership between the two companies. Shares of Seatrium were up 1 per cent or S$0.02 at S$2.05 as at 9.10 am on Thursday.
Ban Leong Technologies: Video game distributor Epicsoft Asia’s voluntary unconditional cash offer to take the technology products distributor private closed at 5.30 pm on Wednesday. The offeror now owns, controls or has agreed to acquire 104.1 million or 96.6 per cent of Ban Leong’s total issued shares and plans to compulsorily acquire all remaining unacquired shares and delist the group. Epicsoft Asia is a subsidiary of Nasdaq-listed GCL Global. As Ban Leong no longer meets the Singapore Exchange’s 10 per cent free float requirement, its shares will be suspended from 9 am on Thursday. The counter closed flat on Wednesday at S$0.595, before the announcement.
Oiltek: The vegetable and edible oil processing company is in talks to support a sustainable aviation fuel pilot plant programme by Sarawak Economic Development Corporation (SEDC) Energy, a wholly owned subsidiary of SEDC. For this venture, SEDC Energy is already working with sustainable aviation fuel tech provider Sulzer and biofuel firm Apeiron Bioenergy to establish used cooking oil logistics, storage and traceability systems. Oiltek said as at Thursday no definitive agreements have been entered into, and no formal plans have been finalised or approved by its board. Its shares closed flat at S$0.56 on Wednesday.
Addvalue Technologies: The group announced on Thursday that it has secured several new orders totalling around US$1.5 million for its advanced digital radio-related business. These orders are for the supply of the company’s proprietary highly compact software defined radio modules to customers in the defence technology industry. They will also increase Addvalue’s order book from US$14.3 million as announced on Jun 26, to US$15.8 million. The counter closed flat at S$0.015 on Wednesday.
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