Stocks to watch: Creative, iFast, Concord New Energy, Digital Core Reit, Ley Choon

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 6):

Creative Technology : Sim Li Ern, the nephew of the company’s late founder Sim Wong Hoo, has been appointed as its new chief executive officer, effective on Monday. He will take over from interim CEO Tan Jok Tin, who will also be stepping down from his role as executive chairman. Shares of Creative rose 0.9 per cent to close S$0.005 higher at S$0.59 on Monday, before the announcement.

iFast : The digital wealth management platform on Monday said it is proposing to buy a 30 per cent stake in financial advisory firm Financial Alliance Corporation for S$19.6 million. The deal will provide a “strategic bridge” between iFast’s wealth management platform and the business-to-business financial advisory service provided by Financial Alliance. iFast shares rose 0.5 per cent to close S$0.05 higher at S$9.57, before the announcement.