THE following companies saw new developments that may affect trading of their securities on Monday (Oct 7):
Hotel Properties Limited (HPL): Two charges were handed to its director, Ong Beng Seng, on Friday, in relation to dealings with former transport minister S Iswaran. One charge was for abetting the obstruction of justice and another was for abetting offences under Section 165 of the Penal Code. HPL called for a trading halt on Friday morning before Ong was charged. The counter closed 0.6 per cent or S$0.02 higher at S$3.68 on Thursday.
Lum Chang: No charges will be tendered against the mainboard-listed construction company’s managing director David Lum, one of two businessmen involved in the case against former minister S Iswaran, who has since been convicted and sentence to 12 months in jail under Section 165. Shares of Lum Chang were trading down by 1.6 per cent or S$0.005 at S$0.30 at market close on Friday, after this announcement.