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Stocks to watch: ASTI Holdings, KrisEnergy, Lian Beng, KSH, KOP
Here are several stocks to watch on Tuesday morning:
ASTI Holdings, a semiconductor-equipment maker, on Tuesday said it would sell its 24.23 per cent stake in APSI Group for S$8.9 million. Its stake in APSI Group, which sells integrated circuit packaging technology, will be sold to APSI's controlling shareholder J C Investment.
Oil and gas company KrisEnergy has received approval from the Indonesian government to develop a gas field in offshore East Java - its first as an operator in the country. The green light for the Lengo gas field in the Bulu production sharing contract would allow it to pursue formal negotiations for gas sales agreements with potential offtakers, said KrisEnergy on Monday.
Lian Beng Group, KSH Holdings, KOP and private capital firm Centurion Global on Monday said they would sell their wholly subsidiary Epic Land - a real estate investment holding consortium - for S$16.7 million. The shareholdings of Epic Land held by Lian Beng Group, KSH, KOP and Centurion are 32 per cent, 28 per cent, 25 per cent and 15 per cent respectively.