Stocks to watch: Keppel, China Everbright Water

THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 31):

Keppel Corp : Its infrastructure arm, Keppel Infrastructure Holdings, is developing Singapore’s first hydrogen-ready power plant, which will cost S$750 million. The plant will be owned by Keppel Sakra Cogen, which is a wholly-owned indirect subsidiary of Keppel Infrastructure. Shares of Keppel Corp closed at S$7.19 on Tuesday, up S$0.04 or 0.6 per cent, before the news. 

China Everbright Water : The group has landed a 30-year concession agreement for a waste-water treatment plant in the Luozhuang Economic Development Zone in Linyi city in Shandong province. The project will require an investment of about 259.41 million yuan (S$52.5 million). Prior to the announcement on Tuesday the counter closed at 26.5 Singapore cents, down half a cent or 1.85 per cent.