Stocks to watch: Low Keng Huat, Centurion, Manulife US Reit, Seatrium, Wilmar, LHN

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

Low Keng Huat : The majority shareholders of Low Keng Huat (Singapore) (LKH) launched a voluntary conditional general offer to take the mainboard-listed construction and property developer private at S$0.72 per share. Shares of LKH closed at S$0.615 on Friday before the announcement. It jumped 17.1 per cent to meet the offer price at S$0.72 at market open on Monday.

Centurion : The company has expanded its Australian footprint into Perth, acquiring a 25 per cent equity interest in a 472-bed purpose-built student accommodation development for A$6 million (S$5.1 million), it announced on Monday. Centurion shares closed S$0.01 or 0.73 per cent lower at S$1.36 on Friday.

Manulife US Real Estate Investment Trust (Reit) : The Reit posted an announcement on Monday seeking unitholder approval for a growth plan that simultaneously expands its investment mandate beyond the US office sector, and authorises a disposition and acquisition mandate. Units of Manulife US Reit closed flat at US$0.076 on Friday.

Seatrium : The offshore, marine and energy specialist announced on Saturday that it was starting its own arbitration proceedings against a Maersk Offshore Wind affiliate for the termination of a US$475 million contract that was inked in 2022. Seatrium shares closed at S$2.15 on Friday, up 0.5 per cent or S$0.01, before the news.

Wilmar International : A subsidiary of Wilmar International lodged an appeal in a Chinese court on Friday, after it was found guilty of contract fraud and ordered to bear losses amounting to 1.88 billion yuan (S$345.6 million). Shares of Wilmar closed at S$3.24, S$0.02 or 0.6 per cent higher on Friday.

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Seatrium to start its own arbitration in US$475 million contract termination dispute 

LHN : On Friday, the property player posted a net profit of S$5.9 million for the half year ended Sep 30, 2025, down 82.7 per cent from S$34.3 million in the year-ago period, on the back of fair value losses on its investment properties. Shares of LHN closed at S$0.67, up 0.75 per cent or S$0.005, before the release.

Marco Polo Marine : The marine logistics company on Saturday posted a more than four times, or 348 per cent increase, in net profit to S$47.9 million for its second half ended Sep 30, 2025, from S$10.7 million in the previous corresponding period. This was due to a combination of stronger underlying performance and several extraordinary gains. Shares of Marco Polo Marine closed at S$0.117 on Friday, S$0.002 or 1.7 per cent lower.

MetaOptics : The semiconductor optics company announced on Monday a proposal to raise S$4.85 million through a placement of 6,685,028 new ordinary shares in the capital of the company at S$0.7255 per share The proceeds from the share placement are expected to strengthen the group’s financial position and provide liquidity and funding for general working capital. Shares of MetaOptics closed at S$0.715 on Friday, before the announcement. It climbed 11.9 per cent to S$0.80 at market open on Monday.