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Stocks to watch: Keppel, Sembcorp, AEM, Watches.com, Incredible Holdings

Published Tue, Sep 6, 2022 · 08:53 AM

THE following companies saw new developments that may affect trading of their securities on Tuesday (Sep 6):  Keppel Corp : BN4 0%: A unit of the mainboard-listed group, Keppel Land, will acquire from its joint venture partner a 4 per cent stake in Kingsdale Development, which owns 80 per cent of the Spring City Golf & Lake Resort in Kunming, China. Romeo, a unit of Keppel Land, will pay US$6 million for the stake, Keppel Corp said in a Monday board filing. Shares of Keppel closed at S$7.41 on Monday, up 0.1 per cent or S$0.01. Sembcorp Industries : U96 0%: Its wholly-owned subsidiary, Sembcorp Utilities, has agreed to sell its 100 per cent stake in its India-based coal power unit for 117 billion rupees (S$2.1 billion) to Tanweer Infrastructure, it said on Monday. The transaction will improve Sembcorp’s leverage ratios. For instance, on a pro forma basis, debt to Ebitda (earnings before interest, taxes, depreciation and amortisation) for H1 would fall to 4.9 times from 5 times. Shares of Sembcorp closed at S$3.33 on Monday, up 0.3 per cent or S$0.01. AEM Holdings: : AWX 0% The semiconductor solutions provider disclosed …

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