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Roundup: Singapore stocks end down 2.9 pct

Xinhua, August 12, 2015 Adjust font size:

Singapore shares closed 2.9 percent lower on Wednesday after China let the yuan fall.

The benchmark Straits Times Index plunged 91.57 points to close at 3,061.49 points. Trading volume was 1.76 billion shares worth 2. 16 billion Singapore dollars. Decliners outnumbered advancers 432 to 96, while 407 stocks closed unchanged.

Keppel Corporation fell 2 percent to 7.30 Singapore dollars. It has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about 125 million Singapore dollars.

The FPSO conversion job is awarded by Armada Madura EPC Limited. Work has commenced and is scheduled to complete in third quarter of 2016. The new contracts bring Keppel's year-to-date win to 1.65 billion Singapore dollars.

Ntegrator International rose 4.2 percent to 2.5 Singapore cents. It is proposing a bonus issue of up to 1.04 billion free bonus warrants, with each warrant carrying the right to subscribe for one new share at an exercise price of one Singapore cents on the basis of one warrant for every one existing share held.

Among the top gainers, SATS Limited rose 1.6 percent to 3.82 Singapore dollars, while DBS Group dropped 5.5 percent to 18.64 Singapore dollars. (1 U.S. dollar equals 1.41 Singapore dollars) Endi