Singapore Stocks to Watch: Yanlord, Straits Trading, TTJ, Second Chance, IWOW

Tiger Newspress
2022/06/30

THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 30):

Yanlord Land Group(Z25): Yanlord Land Group has pulled in RMB 6.1 billion (S$1.28 billion) in pre-sales from selling all units in the third batch of apartments launched for its Shanghai project, Yanlord Arcadia.

Straits Trading(S20): Straits Real Estate, a unit of mainboard-listed Straits Trading, is acquiring a portfolio of office and industrial buildings and several plots of development land in Gloucester Business Park for £130 million (S$219.5 million).

TTJ(K1Q): THC Venture, which has made a bid to privatise structural steel specialist TTJ Holdings, does not intend to raise its offer price of S$0.23 per share, it said in a Wednesday (Jun 29) bourse filing.

Second Chance(528): BETTER Chance Properties (BCP), a subsidiary of mainboard-listed Second Chance Properties, has granted a potential buyer an option to purchase its Lucky Plaza units for S$13.39 million.

The potential buyer of the units, #01-56/57/58/59, is Lew Chee Beng and/or his nominee, Second Chance disclosed in a Wednesday (Jun 29) bourse filing. The option will expire on Aug 1. An option fee of 1 per cent of the sale price has been paid to BCP.

IWOW(NXR): Tracetogether token maker iWOW Technology saw its net profit inch up 4 per cent to S$3.9 million for FY2022 ended March, on the back of growth across all its business segments.

iWOW declared a final dividend of 0.36 Singapore cent a share. Excluding one-off expenses from its initial public offering in April, its net profit grew 36 per cent to S$5 million for the year.

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