[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Oct 10):
Seatrium : It has received a notice of termination for a contract secured in 2022 by its subsidiary Sembcorp Marine Rigs & Floaters, which is now known as Seatrium Energy (International). The contract was for the construction of a wind turbine installation vessel for Maersk Offshore Wind, which was to be deployed at a US offshore wind farm. It has a total value of around US$475 million and is about 98.9 per cent completed. Seatrium on Friday said it is reviewing the validity of the termination notice. The counter ended Thursday 0.8 per cent or S$0.02 lower at S$2.44.
Thakral : Its investee company in the UK, The Beauty Tech Group, made its debut on the London Stock Exchange on Wednesday, the group announced on Thursday. The Beauty Tech Group’s share price rose by about 4 per cent to £2.81 at the close of its first day of trading, resulting in a market cap of about £311 million (S$537.4 million). Thakral holds a 6.04 per cent stake in The Beauty Tech Group. The counter ended Thursday down by 0.6 per cent or S$0.01 at S$1.62, before the news.