The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index climbed 1.3% to 3,220.78.
Ascendas India Trust (AIT SP): The operator of business parks in India said third-quarter income for distribution fell 7% to $13.2 million from a year ago. The stock gained 0.5% to 96 cents.
City Developments (CIT SP): Singapore’s second-biggest developer said it has expressed interest to enter into negotiations for a possible purchase of the Tanglin Shopping Centre near the Orchard Road shopping belt. The shares increased 1% to $11.92.
Eratat Lifestyle (ERAT SP): The China-based maker of athletic shoes and apparel said it agreed to sell 63 million new shares at 21.35 cents each through a share placement. The stock dropped 6% to 23.5 cents when it last traded on Jan. 25.
Mewah International Inc. (MII SP): The producer of vegetable oils said it will buy six plots of land in Malaysia for about $11.2 million to be used for future expansion. The shares lost 0.9% to $1.09.
Osim International (OSIM SP): Asia biggest maker of massage chairs outside Japan said fourth-quarter profit doubled to $17 million from $8 million a year ago. Osim climbed 3% to $1.72.
Uni-Asia Finance Corp. (UNIAF SP): The financier and investor in so-called distressed assets said it has established a new subsidiary in Panama to acquire a bulk carrier. The vessel will be built in a Japanese shipyard, it said. Uni-Asia declined 1.7% to 29.5 cents.