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Stocks to watch: Terratech, Tritech, Mandarin Oriental, Qian Hu, OKH Global

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Premium marble producer Terratech Group will no longer be a unit of Tritech Group, an engineering firm, and might also face potential changes to its current board and management after Tritech decided to sell a 29 per cent stake in the firm.

THE following companies made announcements after the market closed on Tuesday that could affect their trading:

Premium marble producer Terratech Group will no longer be a unit of Tritech Group, an engineering firm, and might also face potential changes to its current board and management after Tritech decided to sell a 29 per cent stake in the firm. The latter also plans to divest its remaining stake of 33.9 per cent in Terratech.

Mandarin Oriental International, a subsidiary of mainboard-listed Jardine Strategic Holdings, said on Wednesday morning it is acquiring a Boston hotel it manages and the freehold land it is located on for US$140 million.

Ornamenal fish seller Qian Hu Corporation said on Tuesday evening it expects to make a loss for the fourth quarter ended Dec 31, 2015, though it expects to remain profitable for the full financial year. The group will announce its results on Jan 12.

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Property developer OKH Global said its CEO and executive chairman Bon Ween Foong has had an Interpol notice issued against him in connection with a charge of "providing false statement for official document". OKH Global said it is not related to a commercial dispute the Interpol notice is believed to have arisen out of.

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