Stocks to watch: Apac Realty, Tung Lok, Metech

THE following companies saw new developments that may affect trading of their securities on Wednesday (Mar 22):

Apac Realty : The real estate services provider will be expanding its services into Laos through a franchise agreement with franchisee ERA Laos. With the inking of its latest agreement, Apac Realty possesses the exclusive ERA regional master franchise rights to 17 countries and territories in Asia-Pacific. Its shares closed flat on Tuesday at S$0.63, before the news.

Tung Lok Restaurants : Its subsidiary has formed a joint venture with Safra to manage a cafe, with the first outlet to be opened in May at Safra’s Choa Chu Kang clubhouse. Tung Lok on Tuesday said the partnership will allow it to “leverage Safra’s network and strong membership base to grow the group’s revenue streams”. Shares of the restaurant operator closed flat at S$0.12, before the announcement.