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Stocks In Focus SG (Noble, CIT, Loyz Energy ) – 23/03/15
Daily Bulletin | 23 March 2015
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Noble has refuted allegations of the latest report from Iceberg, claiming inaccuracy and a lack of reliability. Noble announced that they will begin legal proceedings against Arnaud Vagner, a resident in Hong Kong, Enlighten Ace, a Seychelles company and any other associates, at the Hong Kong High Court for conspiracy to injure Noble Group. The management will remain focused on running the company.

Cambridge Industrial Trust (CIT) has acquired the remaining 40 percent interest in Cambridge SPV1 LLP from Oxley Projects for a purchase consideration of approximately $11 million. Having 60 percent stake previously, CIT now wholly owns 3 Tuas South Avenue 4, following the completion of acquisition on 20 March 2015, fully funded by existing debt facilities.

Loyz Energy has placed out $14 million worth of shares to raise funds, in hopes to improve the company’s financial position and bolster its general corporate requirements.

ESR-REIT  0.525 -- --   
Business: REIT established with the objective of investing in real estate assets used mainly for industrial purposes.

Insight: Jan-19, FY18 gross revenue rose 43% and NPI rose 4... Read More
CWX Global  -- -- --   
Business: Co is a S'pore grown oil & gas, exploration & production co.

Insight: Aug-18, 4Q18 revenue increased by 16% due to the i... Read More

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