Stocks to watch: Japfa, Keppel, Mapletree Industrial Trust, Venture, CapitaLand Ascott Trust, QAF 

THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 1):

Japfa : The agri-food company only managed to purchase 76.3 per cent of the maximum number of shares it had planned to buy in its own company under an equal access scheme. On Monday, Japfa said it would acquire about 139.8 million shares instead of the planned purchase of 183.3 million shares or about 9 per cent of its shares in issue. Japfa will make payment to shareholders who participated in the scheme on Oct 7. The company’s shares rose 1.4 per cent or S$0.005 to S$0.35 at market close on Monday, before this announcement.

Keppel : The asset manager’s subsidiary, Jencity, is divesting 70 per cent of its stake in its wholly owned unit Saigon Sports City, which holds development rights for a 64-hectare plot of land in Ho Chi Minh City, Keppel said on Monday. The transactions are not expected to have any material impact on the net tangible assets per share or earnings per share of Keppel for the current financial year. Keppel shares rose 0.2 per cent or S$0.01 to S$6.63 on Monday, before the announcement.