Stocks to watch: CDL, UMS Integration, Capital World

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 1):

City Developments Ltd (CDL) : Its Singapore-based subsidiary, Millennium Hotels and Resorts, launched a cross-brand loyalty programme with Germany’s Maritim Hotels. The tie-up allows members of either hotel chain’s loyalty programmes to get discounts on bookings at participating properties. Kwek Leng Beng, chairman of Millennium Hotels and Resorts, said that the collaboration expands the hotel chain’s access to Germany and the larger European Union, which is an important travel and business region. Shares of CDL finished Monday 1 per cent or S$0.05 higher at S$5.19.

UMS Integration : The semiconductor manufacturer on Monday announced that it issued its prospectus for its secondary listing on the main market of Bursa Malaysia. Chief executive officer of UMS Andy Luong noted that the secondary listing aims to broaden its investor base and could potentially improve liquidity as well as provide flexibility to access different equity markets for future fundraising. Shares of UMS closed on Monday 2.2 per cent or S$0.03 lower at S$1.33.