Stocks to watch: Keppel, Olam, SGX 

THE following companies saw new developments that may affect trading of their securities on Tuesday (Mar 12):

Keppel : The asset manager on Monday said its Data Centre Fund II signed a framework agreement with Japan-listed property player Mitsui Fudosan to purchase a data centre in western Tokyo. Separately on the same day, the company said it also signed a memorandum of understanding with Mitsui Fudosan to explore data centre development and investment opportunities in Japan and South-east Asia. The counter closed S$0.02 or 0.3 per cent higher at S$7.18, before both announcements. 

Olam Group : The agribusiness group’s food ingredients unit OFI has secured export credit agency linked financing of about US$500 million. On Tuesday, Olam said the facility comprises a five-year US$250 million tranche and a seven-year 37.38 billion yen (S$338.8 million) tranche. Proceeds from the facility will be used towards the unit’s general corporate purposes. Shares of Olam closed flat at S$1.05 on Monday.