Stocks to watch: SPH, GK Goh, Nutryfarm

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

SPH T39: The financial adviser to the media and property group's independent directors announced on Tuesday that it recommended shareholders vote in favour of the proposed hiving off of SPH's media business. Shares of SPH, which publishes The Business Times, ended Tuesday flat at S$1.89 after the announcement was made.

GK Goh G41: The investment firm announced on Tuesday that its indirect subsidiary, corporate services provider Boardroom, has entered into a conditional share sale and purchase deed to sell 1,714 ordinary shares, or 31.52 per cent interest in Definitive Group to Access Workspace, which is a part of business management software provider The Access Group. Shares in GK Goh closed at S$1.08 on Tuesday, down S$0.01 or 0.9 per cent before the announcement.

Nutryfarm AZT: The mainboard-listed company dismissed as false a rumour circulating online, which claimed that the Covid-19 virus has been detected on the packaging of durians imported from Thailand to China. The group also said that its business operations are functioning normally and it continues to export durians from Thailand to China. Shares of Nutryfarm closed at S$0.37 on Tuesday, down S$0.02 or 5.1 per cent before the announcement.