Stocks to watch: Keppel, Frasers Hospitality Trust, HRnetGroup, AEM, Grand Venture Technology, Fu Yu, mm2 Asia

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Oct 6):

Keppel : Singapore has appointed a Keppel-led consortium for the next phase of a project that explores the use of ammonia to generate clean power on Jurong Island, said the Energy Market Authority and Maritime and Port Authority of Singapore on Friday. The project aims to develop a solution that generates 55 to 65 megawatts of electricity from imported low or zero-carbon ammonia. Alongside project partners Japan’s Sumitomo Corporation and liquid storage logistics player Advario, Keppel will conduct a front-end engineering design study to advance a proposal on using ammonia to generate power. The counter closed at S$9.17 on Friday, up 0.3 per cent or S$0.03.

Frasers Hospitality Trust (FHT) : The stapled group will be delisted from the official list of the Singapore Exchange (SGX) on Monday at 9 am, said the managers. It will comprise two private sub-trusts after the delisting. In September, FHT received court sanction for its proposed privatisation by way of a trust scheme, after its sponsor Frasers Property’s second attempt in three years to buy it out succeeded at its Aug 15 scheme meeting. Its stapled securities last closed at S$0.71 before FHT was suspended on Sep 12.