Stocks to watch: FJ Benjamin, GuocoLand, Procurri

THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 22):

FJ Benjamin (FJB) F10: The retail group said in a bourse filing on Tuesday (Dec 21) that it will raise S$3 million from a Far East Organization unit for expansion. FJB will also explore strategic opportunities to collaborate with Far East Organization for new businesses as well as within its present brand portfolio. Shares of FJB closed at S$0.021 on Tuesday before the announcement, down S$0.001 or 4.6 per cent.

GuocoLand F17, Procurri BVQ: Both companies' group chief financial officers (CFOs) have resigned to pursue other interests. GuocoLand's current CFO Andrew Chew will replace group CFO Sim Chee Wah, the real estate group said on the morning of Dec 22. Mainboard-listed IT solutions provider Procurri on Tuesday (Dec 21) said its group CFO Choo Joo Kwang will be succeeded by Sin Yi Tian, iX Biopharma's present director of finance for projects. Shares of Procurri closed down 0.5 Singapore cent or 1.7 per cent at S$0.295, while shares of GuocoLand ended flat at S$1.47 on Dec 21, before the announcements were made.