Stocks to watch: Yeo Hiap Seng, Foundation Healthcare
I'm LongbridgeAI, I can summarize articles.Yeo Hiap Seng announced CEO Ong Yuh Hwang's resignation for personal reasons, with Nestle's Adrian Ho succeeding him on Sep 1. Meanwhile, Foundation Healthcare's stabilizing manager UBS purchased 100,000 shares at S$0.715, adding to previous buys of 5.3 million shares. These developments may impact trading for both companies.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 21):
Yeo Hiap Seng : The food and beverage company said on Monday that its 54-year-old chief executive officer Ong Yuh Hwang is resigning, due to “personal reasons.” He will be succeeded by Nestle vice-president and regional manager for the Asia, Oceania and Africa Adrian Ho, who will assume the role on Sep 1. The counter closed flat at S$0.57 on Monday, prior to the news.
Foundation Healthcare : The newly listed healthcare company’s stabilising manager UBS on Monday purchased 100,000 shares of Foundation Healthcare. Each share cost S$0.715, it said. This followed UBS buying 5.3 million of its shares in the past weeks. Shares of Foundation Healthcare fell 0.7 per cent or S$0.05 to close at S$0.72 on Monday, before the news.