Stocks to watch: EC World Reit, Boustead Singapore, Boustead Projects, Southern Alliance Mining

THE following companies saw new developments that may affect trading of their securities on Monday (Mar 13):

EC World Real Estate Investment Trust (EC World Reit): In response to queries from the Singapore Exchange, its manager on Sunday said the Reit has adequate current assets to meet its short-term liabilities. Units of the Chinese-focused player closed 2.9 per cent or S$0.01 lower at S$0.33 on Friday, before the response was published.

Boustead Singapore , Boustead Projects : Boustead Singapore has garnered 86.55 per cent of the total number of shares in its mainboard-listed real estate subsidiary. The group intends to take Boustead Projects private and seek a delisting. Prior to the announcement Boustead Projects’ share price ended flat at the offer price of S$0.95, while Boustead Singapore dropped 2.3 per cent or S$0.02 to S$0.86 at market close on Friday.