Stocks to watch: Keppel, Sabana Reit, Hongkong Land

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Mar 10).

Keppel : The global asset manager on Monday announced that its private investment vehicle Keppel Infrastructure Fund (KIF) and its co-investor have acquired a 100 per cent stake in the UK-headquartered Global Marine Group (GMG), from investment affiliates of J F Lehman and Company. GMG is a subsea cable solutions provider and this acquisition marks the first investment by KIF. Shares of Keppel closed 0.7 per cent or S$0.05 lower at S$6.77 on Friday.

Sabana Real Estate Investment Trust (Reit) : The former director of Kleio One-Solution, which was once a tenant of Sabana Reit, was sentenced to three days’ jail on Friday for contempt of court. Lin Duanliang had failed to comply with examination orders, as well as other directions from the court, according to an affidavit filed by Donald Han, the chief executive officer of Sabana Reit’s manager.