Stocks to watch: Alset, Yeo Hiap Seng

THE following companies saw new developments that may affect trading of their securities on Monday (Dec 12):

Alset International : The Catalist-listed company has agreed to sell its subsidiary American Home Reit to its controlling shareholder for US$26.3 million. American Home Reit has a portfolio of 112 single family rental units in the US. Alset International shares closed unchanged at S$0.036 last Friday, before the announcement on Saturday.

Yeo Hiap Seng : Samuel Koh, group chief executive officer of the food and beverage company, has resigned to pursue other interests. Koh will hand over the helm to current chief operating officer Ong Yuh Hwang from Jan 1, 2023, and take on the role of consultant from Jan 1 to Jun 3 next year – or at an earlier date mutually agreed upon – to ensure an orderly transition. The counter closed on Friday up 0.8 per cent, or S$0.005, to S$0.64, before the announcement.