Stocks to watch: DFI Retail Group, Banyan Group

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 7):

DFI Retail Group : Current group chief financial officer Tom van der Lee has been appointed as CEO (Food), with group finance director for planning and reporting, Kaizhi Wu, set to take his place. Both changes will take effect on Aug 1, said DFI on Monday. As a result of van der Lee’s appointment and subject to board approval, he will cease his duties as a DFI director. Shares of DFI fell 0.3 per cent to close US$0.01 lower at S$3.65 on Monday, before the news.

Banyan Tree : Abdul Rahim bin Mohamed Ali has been appointed as the alternate director of Abdulla Ali A A Al-Marri at Banyan Tree, said the group on Monday. Abdul Rahim currently serves as the director of Asian real estate at the Qatar Investment Authority. Abdulla Ali retired as a director on Apr 24. Shares of Banyan Tree rose 0.9 per cent to close S$0.005 higher at S$0.565 on Monday, before the news.