Stock News: Fabchem in talks with investors!

Explosives maker Fabchem China Ltd said its controlling shareholder is in talks with a potential investor interested in buying a stake in the company. "The parties are still involved in preliminary discussions and no agreement has been reached to-date," Fabchem said. It said the controlling shareholders have undertaken not to dispose or transfer any part of their direct and indirect interests in the company, on or before October 16, 2006. At 10.31 am, Fabchem was up 0.035 sgd or 5.60 pct at 0.66 with 4.94 mln shares changing hands.