Stocks to watch: Oxley, Keppel Corp, Frencken Group, SIA Engineering

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

Oxley Holdings: 5UX The property developer on Wednesday said it is offering to purchase in cash a portion of its outstanding 5.7 per cent notes due 2022. It is also looking to reopen its existing 6.9 per cent notes due 2024 worth S$70 million, to finance the purchase of the outstanding notes and for general corporate purposes. Shares of Oxley Holdings closed at 22.5 Singapore cents on Tuesday, up 0.5 cent or 2.3 per cent.

Keppel Corporation: BN4 On Tuesday it priced S$400 million in aggregate principal amount of 2.90 per cent subordinated perpetual securities. The securities will be issued in the denomination of S$250,000, with no fixed redemption date and will confer a right to receive distribution payments. Shares of the group ended Tuesday unchanged at S$5.24, before the announcement.

Frencken Group: E28 The integrated technology solutions company is acquiring Singapore-incorporated Avimac for a cash consideration of S$14 million. The deal is aimed at expanding the business and will be carried out via Frencken's wholly-owned subsidiary ETLA Limited, said the group on Tuesday. Frencken shares closed S$0.01 or 0.4 per cent lower at S$2.33, before the news.

SIA Engineering (SIAEC): S59 The mainboard-listed aerospace company on Tuesday announced the launch of a training academy focused on Lean methodologies. This comes as part of its programme to make work easier and faster for its some 4,000 strong workforce. SIAEC will invest more than S$10 million of the S$40 million earmarked for the second phase of the programme to accelerate its Lean transformation. Shares of the group ended Tuesday down S$0.02 or 0.9 per cent at S$2.11, after the news.