Stocks to watch: China Aviation Oil, Marco Polo Marine, Foundation Healthcare

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 10):

China Aviation Oil : The fuel company on Thursday said its controlling shareholder, China National Aviation Fuel, finalised its restructuring, transferring all of its equity to China Petrochemical Corporation. This transfer establishes China Petrochemical Corporation as the indirect controlling shareholder of the company with 51.31 per cent deemed interest. Shares of China Aviation Oil rose 1.1 per cent or S$0.02 to close at S$1.77 on Thursday.

Marco Polo Marine : The marine logistic company on Thursday said it secured a multiyear framework agreement with global turbine manufacturer Siemens Gamesa Renewable Energy to deploy two offshore wind vessels across the Asia-Pacific region. Shares of Marco Polo Marine rose 2.4 per cent or S$0.003 to close at S$0.129 on Thursday.