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Stocks to watch: Keppel DC Reit, Epicentre, Low Keng Huat, Falcon Energy, CH Offshore
THE following stocks had announcements that could affect trading activity on Friday.
Keppel DC Reit: The Reit, which makes its debut on Singapore Exchange at 2pm on Friday, saw its retail tranche (comprising 53.8 million units) 9.6 times subscribed at the close of its public offer. Its placement tranche of 207.4 million units was 24.4 times subscribed. Credit Suisse (Singapore) Limited, on behalf of the joint bookrunners and underwriters, has over-allotted an additional 17.7 million units under the placement tranche.
Epicentre Holdings: The Apple brand product retailer is in a reverse takeover deal to acquire businesses from Healthtrends Medical Investments and its subsidiaries for S$100 million via the issuance of new shares. The firm will issue 298.64 million new shares - making up 76.2 per cent of its enlarged share capital - at about 33.49 Singapore cents apiece to Healthtrends Medical and its subsidiaries for their operating units in Singapore, Malaysia, Hong Kong and Vietnam.
The stock last traded at 12 Singapore cents on Thursday.
Low Keng Huat: The construction group on Thursday evening said its third-quarter net profit jumped more than six-fold to S$65.1 million, from S$10.4 million a year ago. This was due to recognition of revenue from Parkland Residences, which received its temporary occupation permit on Oct 29.
For the three months ended Oct 31, its revenue rose to S$408.5 million from S$22.2 million a year ago.
The counter closed at S$0.655 on Thursday.
Falcon Energy and CH Offshore: Falcon Energy Group is mounting a takeover bid for the remaining 70.93 per cent stake in CH Offshore Ltd that it does not already own for S$247.5 million or 49.5 cents a share. Falcon intends to maintain the listing CH Offshore following the completion of the offer.
Falcon last traded at S$0.235 on Thursday, while CH Offshore closed at S$0.465.