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Stocks to watch: TEE, Keppel, Marco Polo Marine
THE following listed companies made material announcements before the opening of the Singapore market on Thursday:
TEE International, together with its subsidiaries and associated companies, was awarded new engineering contracts worth about S$95 million from August to September 2016, bringing the group's total outstanding order book to about S$324 million.
Keppel Corp's property arm, Keppel Land, on Wednesday said that it has signed a conditional joint venture agreement with Myanmar conglomerate Shwe Taung Group to develop premium serviced residences and offices in the next phase of Junction City.
Marco Polo Marine on Wednesday said that it has appointed KPMG Services as adviser to the group to conduct an independent review, in view of the upcoming maturity date of its notes on Oct 18.