SINGAPORE - The following companies saw new developments that may affect trading of their shares on Friday :
Cosco Shipping International : The mainboard-listed firm's president Gu Jing Song, will be replaced by new appoinTee Zhu Jiandong, the company announced in a regulatory filing on Thursday. Mr Gu will remain as a non-independent executive director of the company, chairman of the board, chairman of the strategic development commitTee and a member of the nominating commitTee. Cosco shares closed flat at $0.29 on Thursday.
Kimly: The coffeeshop operator on Thursday said it has appointed Lau Chin Huat as a new independent director. Mr Lau is a partner at his accounting firm, Lau Chin Huat and Co, set up in 1986. He holds directorships in about 10 other private companies. The newest board addition comes amid investigations over the company's controversial planned purchase of Asian Story Corporation which was later axed. Kimly shares closed flat at $0.22 on Thursday.
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