THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 8):
Silverlake Axis: The enterprise technology company lost its free float as less than 10 per cent of its shares are publicly-held and no longer meets the Singapore Exchange free-float requirement, it said on Monday evening. It added that E2I, which on Aug 26 offered to take Silverlake private at S$0.36 in cash per share, reserves rights to seek its voluntary delisting. If Silverlake does not meet voluntary delisting conditions it will be obliged to restore its public float, but if both this and the free-float requirements are not met, it may be subjected to a prolonged suspension. Silverlake shares closed up 2.8 per cent or S$0.01 at S$0.37 on Monday before the news.
OUE Healthcare (OUEH): The Catalist-listed healthcare group signed a healthcare alliance agreement with a Shanghai hospital through its joint venture hospital in Changshu, China. This will allow both hospitals to share resources and better serve patients’ needs, said OUEH chief executive officer Yet Kum Meng. OUEH shares closed flat at S$0.029 on Monday before the news.
