[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Oct 13):
Keppel : The indirect Keppel subsidiary M1 is facing legal proceedings in relation to a May 2019 contract with Liberty Wireless. Liberty Wireless alleges that M1 wrongfully refused to enter good faith negotiations to amend the agreement in line with the framework for the wholesale of mobile services issued by the Infocomm Media Development Authority in January 2020. In a Monday bourse filing, the asset manager said that M1 plans to defend its position and added that this development is not expected to affect or delay the completion of its August sale of M1, which is pending approvals. Keppel shares ended Friday 0.1 per cent or S$0.01 down at S$9.16.
UOL and Singapore Land Group : The 666-unit condominium Skye at Holland proved to be the strongest project launch in 2025, selling 98.8 per cent of units over the weekend. The project is jointly developed by UOL, Singapore Land Group, Capital and Development and Kheng Leong. Real estate agents said the high take-up rate signals a broader recovery in the Central Core Region and bodes well for other upcoming residential launches. Shares of UOL ended Friday 0.38 per cent or S$0.03 up at S$7.96, while Singapore Land Group shares closed 0.65 per cent or S$0.02 down at S$3.08, before the launch.
Q&M Dental and Aoxin Q&M Dental : Q&M Dental said it will fully subscribe to its pro rata entitlement and any excess shares in a proposed rights issue by its subsidiary Aoxin Q&M Dental, of up to S$15.3 million in total. The rights shares are priced at S$0.03 each, on a one-for-one basis, to raise working capital for Aoxin’s China expansion. Q&M is a majority shareholder of Catalist-listed Aoxin, with about a 52.7 per cent stake. Shares of Q&M ended Friday flat at S$0.46, while shares of Aoxin ended flat at S$0.058.
: Mainboard-listed InnoTek has been approved as a recommended vendor for Nvidia Corporation and IEIT Systems as of September this year. The company said in a Monday announcement that its subsidiary Magix Mechatronics (Dongguan) Company has secured initial precision machining orders for components used in Nvidia products. The counter ended Friday 0.9 per cent or S$0.005 lower at S$0.55.
Cordlife : The Ministry of Health (MOH) has extended Cordlife’s deadline to submit representations for its potential one-year suspension to Oct 27, from the initial Monday deadline. It was given 14 days to submit the representations after receiving a notice of intent from the MOH for a one-year suspension of its cord blood banking services when a recent audit revealed operational lapses. The private cord blood bank said on Monday that it has stopped the collection, testing, processing and storage of new cord blood units, in line with the notice. Shares of Cordlife ended Friday flat at S$0.174.
