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Singapore’s bourse adds planter Golden Agri, Jardine to key index


September 12, 2008

Singapore’s bourse adds planter Golden Agri, Jardine to key index
Singapore Exchange will add planter Golden Agri-Resources and conglomerate Jardine Matheson Holdings as component stocks to its benchmark Straits Times index, Reuters quoted the firm as saying Thursday.

They replaced Thai Beverage PCL and Chinese shipbuilder Yangzijiang Shipbuilding Holdings , which were dropped, as part of the Singapore Exchange's first review of the index since it partnered FTSE Group and launched a revamped Straits Times index this January.

The exchange also made changes to its other FTSE ST indices and all these will take effect on Monday, 22 September.

Meanwhile, PVFC financial arm of Vietnam’s state oil monopoly Petrovietnam's, plans to defer its share listing in Singapore until early next year.

The partly private company, 10 percent owned by Morgan Stanley, also plans to list shares on the main Ho Chi Minh Stock Exchange but only after the flotation on the Singapore Stock Exchange, said the company’s official, who declined to be identified.

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