MMP Resources has terminated the term sheet for its proposed acquisition of a 50 per cent stake in a Russian company that holds the legal and beneficial interests in an operating gas field in the north-west region of Russia.

CONSTRUCTION company MMP Resources announced after trading hours on Wednesday that its application for a time extension to satisfy requirements for removal from the financial watchlist has received approval from the Singapore Exchange (SGX).

THE following companies saw new developments that may affect trading of their shares on Monday:

MMP RESOURCES has engaged a banking institution in Singapore as the firm's financing and capital markets adviser to raise some US$30 million, the construction company said in a regulatory filing on Monday.