Stocks to watch: Sembcorp, Metal Component, SPH Reit, SGX, Mercurius, Aspial

THE following companies saw new developments that may affect trading of their securities on Tuesday:

Sembcorp Industries U96 : The group on Tuesday morning announced its agreement to collaborate with innovation firm 8 Rivers Capital to develop a net-zero emissions power station in the UK. The station will produce 300 megawatts of power, with its captured carbon dioxide emissions being sequestered in secure geological formations under the North Sea. Shares of Sembcorp closed 0.9 per cent or S$0.02 lower at S$2.11 on Monday.

Metal Component Engineering 5DX (MCE): The Catalist-listed metal stamping company on Tuesday proposed to place 14.5 million shares at an issue price of 5.526 Singapore cents to raise S$800,000. It will use the bulk of the net proceeds to fund its acquisition of healthcare business Gainhealth and allocate the remainder for general working capital requirements. Shares of MCE closed flat at 6.1 Singapore cents on Monday.

SPH Real Estate Investment Trust SK6U (SPH Reit): Its manager reported a higher revenue and distribution for the third quarter ended May 31, led by improving performance across all assets. Distribution per unit for the quarter was 1.38 Singapore cents, up 11.3 per cent from the previous quarter and the highest since the Covid-19 pandemic hit. Units in the Reit closed unchanged at 92.5 Singapore cents on Monday, before the results were announced.

Singapore Exchange S68 (SGX): On Monday it announced that total market turnover value on the bourse had fallen to S$26.8 billion in June, while securities daily average value stood at S$1.22 billion. Although the Straits Times Index fell 1.1 per cent in the second quarter, it was the strongest first six months of the year for the benchmark since 2017. Shares of SGX closed the day S$0.06 or 0.5 per cent higher at S$11.22, after the market statistics report was released.

Mercurius Capital Investment 5RF : The Catalist-listed investment holding company is diversifying into the grocery business and aims grow into a network of over 500 stores across the region over the next three years. On Monday, it entered into an agreement to acquire Songmart Holdings for an aggregate consideration of S$36 million. Mercurius on Monday evening requested to resume trading after calling for a halt on July 8. Its shares last traded at 9.7 Singapore cents.

Aspial Corporation A30 : The jewellery group's bid to take its property developer subsidiary World Class Global private via a scheme of arrangement has been sanctioned by the court. The effective date of the scheme is expected to be on July 22. Aspial shares closed up 0.2 Singapore cent or 1.6 per cent at S$0.13 on Monday, before the news.

KTL Global EB7 : The mainboard-listed group plans to further develop its fresh produce business segment by acquiring a 51 per cent stake in Singapore e-commerce platform EBuy for about S$1.5 million. Its shares ended Monday up one Singapore cent or 9.5 per cent at 11.5 cents, before the group announced the signing of a memorandum of understanding for the acquisition.

Fragrance Group F31 : The offer for the property developer has turned unconditional after JK Global Treasures and parties acting in concert garnered about 91.5 per cent of total issued shares as at 6pm on July 11. After its trading halt was lifted during the midday break on Monday following the announcement, its shares closed two Singapore cents or 17 per cent higher at 13.8 cents.

Lippo Malls Indonesia Retail Trust D5IU (LMIRT): Its manager on Monday said the trust will temporarily close its malls in Medan, Indonesia from July 12 to 20 after emergency public activity restrictions to curb the spread of Covid-19 were extended to the region. Units of LMIRT closed unchanged at 6.4 Singapore cents on Monday, after the announcement was made.