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Stocks to watch: Geo Energy, Wilmar, Global Yellow Pages
THESE companies had announcements or developments over the long weekend that might influence their trading on Monday.
Geo Energy Resources: The coal mining group said on Saturday that it has inked a deal to pay US$25 million for the remaining 34 per cent stake it does not already own in a Singapore-incorporated vehicle that indirectly owns 98.96 per cent of an Indonesian company, PT Sungai Danau Jaya (SDJ). SDJ holds a coal mining concession in south Kalimantan, Indonesia.
Wilmar International: The commodities group plans to jointly establish a sugar venture in Brazil with Sao Paulo-based Raizen Energia SA, according to media reports last Thursday. Raizen is a partnership between Royal Dutch Shell and Cosan SA. Brazil is the world's biggest sugar producer and exporter.
Global Yellow Pages: The information directory firm said on Thursday afternoon that it has lodged a report with the Singapore Police Force's Commercial Affairs Department related to potentially irregular transactions in its subsidiary Singapore River Explorer.