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Stocks to watch: Top Global, Wee Hur, China Everbright Water
THE following stocks may be in focus on Wednesday:
Top Global's difficulty in selling Singapore residential units within a regulatory timeframe has led executive chairwoman Oei Siu Hoa to launch a privatisation offer to avoid paying penalties. Ms Oei is offering to buy up the rest of the property and education group she does not own for 33 Singapore cents per share.
Wee Hur Holdings on Tuesday said it is looking to buy a property at 89-109 Gray Street, Adelaide in Australia, for A$5.995 million (S$6.36 million) plus GST. The office warehouse building sits on freehold land between the main thoroughfares of Currie Street and Waymouth Street, in the north-western quadrant of the Adelaide CBD.
A consortium led by Singapore mainboard-listed China Everbright Water has entered into an agreement to embark on multiple projects worth a total of 956 million Chinese yuan (S$195 million) in a prefecture-level city in central China.