Stocks to watch: CapitaLand, Centurion, PropNex, Ntegrator, Rex, OCBC, Lendlease Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday:

CapitaLand C31: The real estate group's shareholders have voted in favour of the proposed privatisation of CapitaLand's development arm as well as plans to list its fund-management and property-investment business. From September, CapitaLand will operate as two distinct entities: the new, listed unit CapitaLand Investments and the privatised CapitaLand Development. CapitaLand shares last changed hands at S$4.07 before a halt was called for at 2.18pm on Tuesday. The counter will resume trading today.

Centurion Corp OU8 : The mainboard-listed housing operator on Wednesday saw profits fall by 58 per cent to S$8.7 million, from S$21 million a year ago for the half-year ended June 30 as revenue from the company's purpose-built student accommodation in the UK and Australia fell. Shares of Centurion closed down 1.5 per cent, or 0.5 Singapore cent, at 33 cents on Tuesday.

PropNex OYY: The real estate agency on Wednesday announced net profit of S$16.5 million for the second quarter ended June 30, more than doubling from the S$7.3 million profit for the year-ago period. The company has declared an interim dividend of 5.5 Singapore cents per share, the highest since its listing. PropNex shares closed 1.5 per cent or S$0.03 lower at S$1.96 on Tuesday.

Ntegrator International 5HC: The Catalist-listed communications network specialist on Wednesday said it was served a letter of statutory demand for S$177,432.06 from its previous sponsors, the lawyers of Asian Corporate Advisors, for alleged fees owed by the company. Shares of Ntegrator closed at 1.2 Singapore cents on Tuesday, down 0.1 cent or 7.7 per cent.

Rex International 5WH : The oil exploration company announced on Wednesday that a 90 per cent-owned subsidiary has acquired a 20 per cent interest in two North Sea exploration licences, pending regulatory approval. Shares of Rex International closed down 4.2 per cent or S$0.01 to S$0.23 on Tuesday.

OCBC O39: Its deputy president Ching Wei Hong will retire at the end of September after 22 years with the bank. Sunny Quek, who is currently OCBC's head of consumer financial services in Singapore, will be appointed as the acting head of global consumer financial services. Shares of OCBC closed on Tuesday up S$0.04 or 0.3 per cent at S$12.46, before the announcement.

Lendlease Global Commercial Reit JYEU: On Tuesday it posted a distribution per unit of 2.34 Singapore cents for the half-year ended June 30, up 32.8 per cent from 1.76 cents a year ago on the back of recovery in retail activity. Units of the real estate investment trust closed at 89.5 Singapore cents, up 3.5 per cent or three cents, before the results were released.

Yeo Hiap Seng (Y03) Y03: The beverage maker posted a net loss of S$1.2 million for the six months ended June 30, narrowing from the S$6.7 million loss reported in the year-ago period. YHS shares closed flat at S$0.90 on Tuesday, before the announcement of results.

Koufu Group VL6: Its H1 2021 net profit has surged to S$9.9 million, almost quadrupling from S$2.5 million in the year-ago period thanks to increased footfall at its food outlets and a newly acquired business. Shares in the mainboard-listed company finished at S$0.65 on Tuesday, up 1.6 per cent or S$0.01, before the results were released.

Wee Hur E3B, ISOTeam 5WF: Both companies announced on Tuesday that they would report net losses for, respectively, the six months and full year ended June 30. Shares in Wee Hur closed flat at S$0.21 on Tuesday before the announcement, while ISOTeam shares rose 4.1 per cent or 0.5 Singapore cent to finish at 12.8 cents, before its filing.

Grand Venture Technology JLB: The Catalist-listed manufacturing solutions and services provider has declared its first cash dividend, amounting to 0.5 Singapore cent per share, given strong bottom-line growth for the first half of this year. Shares of Grand Venture fell 1.5 per cent or S$0.02 to close at S$1.31 on Tuesday before it announced its financial results.

Delfi P34: The chocolate confectionery company on Tuesday posted a 13.7 per cent increase in net profit to US$12.3 million for the first six months of this year, from US$10.8 million in the year-ago period. Its shares closed 0.6 per cent or 0.5 Singapore cent higher at 84.5 cents, before the group announced its results.

Trading halt: Jasper Investments FQ7 requested a trading halt on Wednesday morning, pending an announcement. The counter closed 25 per cent or 0.1 Singapore cent lower at 0.3 cent on Tuesday.