Stocks to watch: Challenger, Cortina, Singtel, ST Engineering, Keppel DC Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 7).

Challenger Technologies : Majority shareholders of the consumer electronics retailer increased their voluntary unconditional cash offer for the company to S$0.60 per share to take it private. The revised deal is S$0.04 or 7.1 per cent above the original offer price of S$0.56 per share. Challenger shares closed flat at S$0.58 on Tuesday, before the news. 

Cortina : The luxury watch retailer was recently subjected to a cybersecurity incident which gave a hacker unauthorised access to one of the group’s servers and encrypt its data. The group said on Tuesday that investigations are ongoing. Cortina shares closed flat at S$3.66 prior to the announcement.