Stocks to watch: CDL, SPH, Prime US Reit, OUE Lippo Healthcare, Darco Water

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

City Developments (CDL): C09 The property developer has exited its investment in China-based Sincere Property Group for a consideration of US$1, while raising its stake in a technology park in Shenzhen. The consideration was agreed upon after taking into account Sincere's current liquidity issues and its potential bankruptcy, CDL said in its filing late on Friday night. Shares of CDL ended 0.9 per cent or S$0.06 higher to S$6.67, before the announcement.

Prime US Reit: OXMU The manager said on Monday that it is currently in talks with WeWork on the resolution of the latter's lease obligations at Tower 1 at Emeryville. The statement comes after local San Francisco press reported that WeWork was closing its co-working operation at the building. Prime US Reit's units closed 0.6 per cent or 0.5 US cent higher at 86 cents on Friday.

Singapore Press Holdings (SPH): T39 SPH shareholders on Friday voted in favour of a proposed restructuring, which will result in the group's media business being transferred to a company limited by guarantee (CLG). This paves the way for the proposed privatisation of SPH by Keppel Corporation, as completion of the media restructuring was one of the conditions that had to be fulfilled. SPH shares closed flat at S$1.94 on Thursday before a trading halt was called on Friday morning. The counter resumes trading today.

OUE Lippo Healthcare: 5WA The Catalist-listed group on Friday announced that its chief financial officer Vincent Yik Yen Shan has resigned to pursue other career opportunities, slightly more than two years after taking on the role on July 1, 2019. His last day of service with the company will be Nov 30. Shares of OUE Lippo Healthcare ended Friday unchanged at 3.4 Singapore cents, before the announcement.

Darco Water Technologies: BLR The company has been ordered by Singapore Exchange regulators (SGX RegCo) to disclose a detailed report on the status of its proposed investment in the Gaoyi domestic wastewater treatment project, with input from its legal advisers, by Sept 17. Darco shares closed Friday unchanged at 18.6 Singapore cents, before the announcement.

Trading halt: Hatten Land PH0 on Monday morning requested for a trading halt, pending the release of an announcement. Shares of the Catalist-listed property developer last changed hands at 2.5 Singapore cents on Friday.