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Stocks to Watch: CapitaLand, Vallianz, Yuuzoo, Lian Beng
THE following stocks may see some activity on Monday:
CapitaLand's serviced residence unit, The Ascott Limited, is in a joint venture with Qatar Investment Authority to set up a US$600 million serviced residence fund with an initial focus on the Asia-Pacific and Europe regions.
Vallianz Holdings said on Monday morning that it has won a deal valued at up to US$300 million to supply two self-elevating platforms to a large national oil company in the Middle East.
Yuuzoo Corporation said on Friday it has taken legal action to collect from Infocomm Asia Holdings an outstanding debt of S$6.46 million plus interest.
Lian Beng Group on Friday announced that two of its independent directors have resigned with immediate effect "due to differences in opinion" with the board.