Nonetheless, that did not deter Zhongguo Pengjie Fabrics (Pengjie Fabrics) from making its Mainboard debut on 11 August.
The initial public offering (IPO) launch saw 123m invitation shares at $0.20 each being offered, consisting of 101m new shares and 22m vendor shares.
It has been a very quiet fortnight with no major positive or negative news, as trading remained focused on “worsening credit worries”.
2Q08 net profit dipped 70%. Ho Bee reported 2Q08 results with net profit decline of 70.4% to S$37.0m on the back of a 27.0% drop in revenue to S$116.8m, compared to the previous corresponding quarter.
Chong updated that Sky China should be taking on a new project from Jilin, the details of which are still under wraps.
The gain will comprise a $183m net gain from the dilution of CapitaLand’s interest in the four Raffles City assets as well as $130m fair value gain for Raffles City Shanghai.
The Singapore government announced a new enhanced parenthood package to encourage couples to have more children.
Investors hoping for a respite after PM Lee’s National Day Rally speech were sorely disappointed.
The deal - set to be marketed globally - will raise the profile of the firm in other parts of the world and also give it the financial flexibility to make investments and acquisitions in the future, he added.
This is the period where most listed companies announce their results, which underpin the performance and direction of their respective share prices.
