Stocks to watch: Aspen, CDL, Chip Eng Seng, Vividthree

THE following companies saw new developments that may affect trading of their securities on Friday (Dec 16):

Aspen (Group) Holdings : The developer’s glove-making unit, Aspen Glove, has entered an agreement to sell its rights, title and interest in a piece of leased land in Malaysia and the factory built upon it for RM200 million (S$61.2 million). The buyer is a unit of Singapore-based Nutara Investment. Aspen had previously agreed to sell the land and factory to another buyer in October, but this was terminated on Dec 6 due to non-fulfilment of certain conditions. Shares of Aspen closed flat at S$0.034 on Thursday prior to the announcement.

City Developments Limited (CDL) : The group has made further inroads into the student accommodation sector in the United Kingdom, with the acquisition of five such assets for £215 million (S$357 million). The assets have a combined portfolio of 1,863 beds and an average committed occupancy rate of over 98 per cent, CDL said. Shares of CDL closed at S$8.26 on Thursday, up 0.1 per cent or S$0.01 after the announcement.