[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Oct 31):
Wilmar International : It posted a US$347.7 million loss for the third quarter ended Sep 30, reversing from a net profit of US$254.4 million in the year-ago period. The net loss was due to a 11.9 trillion rupiah (S$926.6 million) graft penalty linked to the group’s actions amid a cooking oil shortage in the country, it said on Thursday. Excluding the payment, Wilmar’s Q3 core net profit rose 71.6 per cent to US$357.2 million, from US$208.1 million. The counter fell 0.6 per cent or S$0.02 to S$3.12 on Thursday, before the news.
Yangzijiang Financial : The Singapore Exchange greenlighted its proposed listing of YZJ Maritime Development and granted it a conditional eligibility-to-list, Yangzijiang Financial said on Thursday. It added that it has further capitalised some US$1.5 billion of receivables from YZJ Maritime, resulting in the share capital of YZJ Maritime increasing to some US$1.5 billion comprising about 1.5 billion shares. The counter closed flat at S$1.07 on Thursday.
