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Stocks to watch: KrisEnergy, BreadTalk, CapitaLand
THE following companies had announcements that may affect trading on Thursday:
Oil and gas producer KrisEnergy has launched a consent solicitation exercise for S$330 million of debt due in 2017 and 2018, hoping to push out the maturity of those notes and lowering the coupon obligations for the first few years. KrisEnergy shares closed at 17.3 Singapore cents on Wednesday.
BreadTalk Group announced that it will take a majority stake in a joint venture to operate Din Tai Fung restaurants in the United Kingdom. The first outlet of the restaurant, which is famous for its xiaolongbao steamed dumplings, will open in 2017. BreadTalk shares closed at S$1.09 on Wednesday.
CapitaLand will open eight malls in Asia in 2017, with a combined gross floor area of almost one million square metres, the property developer announced before Thursday's market opening. CapitaLand shares headed out at S$2.99 on Wednesday.