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Stocks to watch: Eu Yan Sang, CWT, Oxley
THE following stocks had news or developments over the weekend that could affect their trading on Monday.
Eu Yan Sang International: A consortium led by a private equity fund, a Temasek Holdings unit and Eu Yan Sang's group CEO Richard Eu has launched a S$0.60 per share takeover bid for Eu Yan Sang with the goal of delisting the group.
CWT: The controlling shareholders of CWT, an integrated logistics and supply chain solutions provider, have signed an exclusivity agreement to negotiate a sale of their shares to China conglomerate HNA Group, and a deal could trigger a general offer for CWT, market sources told The Business Times. The company confirmed this in a Monday morning bourse filing.
Oxley Holdings: The property developer said it plans to enter the Australian market and is currently looking at Sydney's Bays Precinct as the location for a flagship commercial and residential project to add to its project portfolio. In a regulatory filing on Saturday, it disclosed that it is considering the Fish Market site at Pyrmont among several sites as a potential redevelopment site.