Stocks to watch: Sembmarine, Secura

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

S51 : The group's head of investor relations and corporate communications Chua Mun Yuen clarified on Wednesday that the S$1.5 billion through an earlier proposed fully committed, renounceable rights issue would not be used to fund its potential merger with Keppel Offshore & Marine (Keppel O&M). This comes after The Business Times published an article questioning if the rights issue was made to help position the group for a potentially cash-depleting merger with Keppel O&M. Sembmarine's shares closed at 12.4 Singapore cents, up 0.8 per cent or 0.1 cent on Tuesday.

43B : The security solutions provider announced on Tuesday that its unit, Soverus, has been awarded a S$6.8 million contract to provide unarmed guards services. The contract is expected to contribute positively but not significantly to this year's financials, and will be effective from August 2021 to August 2026. The company's shares closed at eight Singapore cents, up 3.9 per cent or 0.3 cent before the announcement was made.


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