Stocks to watch: ST Engineering, Keppel, Keppel DC Reit, CDL, ICP
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[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Apr 21).
ST Engineering : Ravinder Singh, group chief operating officer (technology and innovation) and president for defence and public security, will retire on May 31. Mervyn Tan, managing director for investment at venture capital firm Vertex, will join the group to assume the roles, effective Jun 1. Singh, 61, will take on an advisory role from Jun 1, ST Engineering said in a statement on Thursday. Shares of ST Engineering closed at S$7.13 on Thursday, up S$0.10 or 1.4 per cent.
Keppel : The asset manager and operator announced on Monday that it secured nearly S$2 billion in new capital commitments from institutional investors across three flagship funds, representing around S$4.9 billion in funds under management. This includes US$580 million of initial capital commitments raised at the first close of its third data centre fund, Keppel Data Centre Fund III, to invest in Asia-Pacific data centres. The counter ended Thursday 1.1 per cent or S$0.07 higher at S$6.19.
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