Stocks to watch: Keppel Infrastructure Trust, Wing Tai, Lum Chang

THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 28):

Keppel Infrastructure Trust : It has issued 456.6 million new units at an issue price of S$0.438 apiece on Wednesday, representing the highest end of the price range indicated when it proposed its equity fundraising the day before. The trustee-manager said the placement was about 2.5 times subscribed and will raise about S$200 million. The counter ended flat at S$0.465 on Monday before a trading halt. It will resume trading on Wednesday.

Wing Tai : The property developer widened its net loss for the second half ended Jun 30 to S$99.2 million, from S$50 million in the year-earlier period. The decline came as Wing Tai’s associated and joint venture companies netted a loss of S$90.9 million for H2, more than double the loss of S$43.8 million previously. Shares of Wing Tai closed 0.8 per cent or S$0.01 lower at S$1.26 on Tuesday, before the announcement.