Kian Ann

Kian Ann: is +13% at $0.395, at a new 52 wk high. Kian Ann announced last evening that its banks have removed the conditions or restrictions in their existing Trade and Term Loan agreements with the co, which makes reference to the shareholding interests of the controlling sh/h or restricts the chg in control of the co. Effectively, this means the controlling sh/h are free to sell their stakes should an offer materialize . Recall the newspapers reported months ago, that some Chinese private equity firms had visited Kian Ann, amongst other Singapore firms, to look for investments.