Corporate digest

Keppel Corp

Temasek Holdings' unit Fullerton Fund Management sold 696,800 shares worth nearly S$3.39 million in Keppel Corp on Monday. This takes Temasek's direct and deemed stake in Keppel from 21.03 per cent to 20.99 per cent.

Last week, Temasek said it was pulling out of a S$4 billion partial offer for Keppel, after the latter breached a key term of the deal with a S$697.6 million net loss for the second quarter ended June.

Shares in Keppel closed at S$4.75 on Wednesday, down two cents.

Aoxin Q&M

In an update, Aoxin Q & M Dental Group said that its Dalian operations had resumed in recent days after fulfilling the required standard operating procedures and meeting the reopening criteria governed by the Health Commission of Dalian City.

Previously, all non-emergency medical treatments were temporarily suspended at its Dalian operations due to a fresh coronavirus cluster. This affected Dalian Aoxin Quanmin Stomatology Hospital Co and Zhuanghe City Aoxin Dawei Dental Co.

The group is expecting an operating loss for the current financial year ending Dec 31, 2020.

The counter closed at 12.5 Singapore cents, unchanged, on Wednesday.