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Stocks to watch: Swiber, Ellipsiz, Otto Marine
THE following stocks may be in active play on Wednesday, following announcements made before the start of trading.
Swiber Holdings, which provides offshore construction services for oil-and-gas projects, on Wednesday said it has secured a US$133 million contract - its third major award in India in the last three months - for engineering, procurement, installation and construction services.
Ellipsiz Ltd on Wednesday said its longstanding non-executive chairman and independent director have resigned due to "personal reasons". This comes about a week after Ellipsiz, a semiconductor testing company, found a new substantial shareholder in the head of property developer Lum Chang Holdings.
Otto Marine on Wednesday said it has delivered four new-build vessels that translated into a total contract value of US$36.6 million.