Stocks to watch: Keppel, Singapore Paincare, OUE Commercial Reit

THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 15).

Keppel : The company has obtained two contracts to provide what it dubs “energy-as-a-service” in Bangkok’s Sam Yan Smart City, through its joint venture with Decarb. Keppel shares closed up 2.8 per cent or S$0.18 at S$6.69 on Wednesday, before the news.

Singapore Paincare : The company is eyeing an entry into the Chinese market, with its subsidiary agreeing to invest 40 million yuan (S$7.6 million) for a nearly 2.3 per cent stake in community hospital operator Puxiang Healthcare. The counter closed down 0.5 per cent or S$0.001 at S$0.195 on Wednesday, before the news.

OUE Commercial Real Estate Investment Trust (OUE Commercial Reit): The Reit’s indirect subsidiary has obtained an unsecured sustainability-linked loan of S$430 million, with the proceeds to be used for refinancing existing borrowings and general corporate purposes. Units of the Reit closed flat at S$0.32 on Wednesday, before the announcement.

Trading halt: Imperium Crown called for a trading halt on Thursday morning, pending the release of an announcement. Its shares closed down 12.5 per cent or S$0.001 at S$0.007 on Wednesday.