Stocks to watch: Sembcorp, Nio, SingPost, Fu Yu

[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Wednesday (Apr 2).

Sembcorp Industries : Its wholly owned subsidiary Sembcorp Utilities signed a deal to raise its interest in Senoko Energy to as much as 70 per cent, more than doubling its current 30 per cent stake. The proposed acquisition would cost a maximum of S$144 million, to be funded internally and via external borrowings. Completion is set for the second quarter of 2025. The counter closed on Tuesday 1.3 per cent or S$0.08 higher at S$6.42.

Nio : The Chinese electric vehicle maker on Tuesday announced it delivered 15,039 vehicles in March, 26.7 per cent higher than the previous corresponding period. For the first quarter, the group delivered 42,094 vehicles, a 40.1 per cent increase year on year. This took its cumulative deliveries to 713,658 as at Mar 31. Shares of Nio on the Singapore Exchange closed 3.3 per cent or US$0.13 lower at US$3.87 on Tuesday.