Stocks to watch: Keppel, Parkway Life Reit, AusGroup, Sunpower, CapitaLand, Wilmar

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

Keppel Corporation: On Monday, the conglomerate named Teo Eng Cheong as the chief executive officer (CEO) of the Sino-Singapore Tianjin Eco-City Investment and Development Co, taking over from outgoing CEO Tay Lim Heng with effect from June 1, 2021. Shares of Keppel Corp closed at S$5.22 on Monday, up S$0.07 or 1.4 per cent.

Parkway Life Reit: The manager of the healthcare trust has termed out its maturing debts with the pricing of 3.3 billion yen (S$41.3 million) 0.51 per cent six-year senior unsecured fixed rate notes due 2027. The notes issue is expected to complete on March 29, 2021 and the proceeds will be used to repurchase an earlier March 29, 2016 issuance of 3.3 billion yen. Units of Parkway Life closed flat at S$4.18 on Monday, before the announcement.

AusGroup, Sunpower: AusGroup on Monday announced that its subsidiary AGC Industries has won a "significant" maintenance master contract by Chevron Australia. The contract is expected to boost its order book to more than A$1 billion (S$1.04 billion). Sunpower Group on Monday also said it has secured and is executing a manufacturing and services contract worth about 180 million yuan (S$37 million) for an existing customer in the polycrystalline silicon industry. On Monday, AusGroup shares closed at 3.3 Singapore cents, up 6.5 per cent or 0.2 cent, while Sunpower's shares closed at 79.5 cents, down 0.6 per cent or half a cent.

CapitaLand: The real estate behemoth announced on Monday a proposed overhaul that will see the group split itself into two. The real estate development business will be placed under private ownership, while the investment management platforms and lodging arm will be consolidated into a newly-created listed entity. Shares of CapitaLand, which were halted from trading on Monday, closed flat on Friday at S$3.31.

Wilmar International: The agribusiness group on Monday said, in reference to recent media reports on the proposed listing of its 50 per cent owned Indian joint venture Adani Wilmar, that it "regularly evaluates all opportunities across its various businesses with the objective of enhancing shareholder value". Wilmar's shares rose 2.3 per cent or S$0.12 to close at S$5.39 on Monday, before its announcement.

ST Engineering: On Monday, the group said it has delivered to the board of New York-listed Cubic Corporation a proposal to acquire all its outstanding stock at US$76 per share in cash. Prior to the announcement, shares of ST Engineering fell 0.3 per cent or S$0.01 to close at S$3.85 on Monday.

OUE Lippo Healthcare: The Catalist-listed group was informed on Monday by the receivers of Healthcare Solution Investment that the Wuxi Intermediate Court has accepted Weixin Hospital Investment Management (Shanghai) Co's application to withdraw its appeal over a land-litigation matter. OUE Lippo Healthcare's shares closed flat on Monday at 3.9 Singapore cents, before the announcement.