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Stocks to watch: Keppel Infra Trust, Keppel, ARA-H Trust, SPH Reit, Ascott Trust, Kimly

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Yong Hui Ting

Yong Hui Ting

Published Fri, Jul 1, 2022 · 08:24 AM
    • Kimly Makan Place, a unit of Kimly, has entered into a joint venture with a fellow food court specialist to operate and manage an HDB coffee shop lease at Kitchener Complex on 808 French Road.
    • Kimly Makan Place, a unit of Kimly, has entered into a joint venture with a fellow food court specialist to operate and manage an HDB coffee shop lease at Kitchener Complex on 808 French Road. PHOTO: ST FILE

    THE following companies saw new developments that may affect trading of their securities on Friday (Jul 1):

    Keppel Infrastructure Trust (KIT) : The trust on Thursday said it has entered into a non-binding term sheet to purchase a 50 per cent stake in Marina East Water (MEW), for an enterprise value of about S$355 million. KIT will receive all economic interest from MEW after the transaction is completed. Units of KIT closed flat at S$0.57 on Thursday.

    Keppel Corporation : Orizona, a subsidiary of Keppel Land, announced on Thursday that it has terminated a joint venture announced in 2020 with Emerald Haven Realty to develop a residential project in Chennai in south-eastern India. Shares of Keppel closed at S$6.49 on Thursday, down 0.5 per cent or S$0.03.

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