Stocks to watch: Seatrium, CNMC Goldmine, Singapore Paincare

The following companies saw new developments that may affect trading of their securities on Monday (Dec 22):

Seatrium: Seatrium announced on Monday that it has reached an agreement with a buyer, Maersk Offshore Wind’s affiliate, Phoenix II, for it to pay the balance of its contract price – valued at US$360 million – upon delivery of a vessel. The wind turbine installation vessel involved in the contract will also be delivered by Feb 28, 2026. Shares of Seatrium closed flat at S$2.07 on Friday.

CNMC Goldmine: A Malaysian unit of CNMC was hit with an additional income tax and penalty by the Inland Revenue Board of Malaysia, amounting to RM29.6 million (S$9.4 million), for the assessment years 2019 to 2024. The Catalist-listed gold-mining company on Friday said that it intends to file an appeal. Shares of CNMC closed S$0.02 or 1.9 per cent higher at S$1.09 on Friday.

Singapore Paincare: The Securities Investors Association (Singapore) called on the board of directors of Singapore Paincare to provide greater clarity and transparency in light of the impact of its collapsed privatisation bid on minority shareholders on Friday. The association referred to the lack of “available assets, funds or collateral” from the offeror, Advance Bridge Healthcare, to support a fresh confirmation of financial resources. Shares of Singapore Paincare closed flat at S$0.13 on Friday.

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