Stocks to watch: HPL, Lum Chang, UOL, Apac Realty

THE following companies saw new developments that may affect trading of their securities on Monday (Oct 7):

Hotel Properties Limited (HPL) : Two charges were handed to its director Ong Beng Seng on Friday in relation to dealings with former transport minister S Iswaran. One charge was for abetting the obstruction of justice and another was for abetting offences under Section 165 of the Penal Code. HPL called for a trading halt on Friday morning before Ong was charged. The counter closed 0.6 per cent or S$0.02 higher at S$3.68 on Thursday.

Lum Chang : No charges will be tendered against the mainboard-listed construction company’s managing director David Lum, one of two businessmen involved in the case against former minister S Iswaran, who has since been convicted and sentenced to 12 months in jail under Section 165. Shares of Lum Chang were trading down by 1.6 per cent or S$0.005 at S$0.30 at market close on Friday, after this announcement.