Stocks to watch: Keppel, SingLand, UOL, UOB, ST Engineering, SIA, Lendlease Global Commercial Reit
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[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 18):
Keppel : The group said on Monday that it will remove the proposed divestment of its stake in M1’s telco business from its announced monetisation plans for 2025, after news of the Infocomm Media Development Authority halting the assessment of the proposed M1-Simba merger. Separately, Keppel announced on Friday a definitive 25-year deal with the global arm of Australian telco Telstra for a fibre pair on the Bifrost Cable System. Keppel’s shares ended Friday at S$10.60, down 0.9 per cent or S$0.10.
SingLand : Singapore Land Group (SingLand) announced on Friday that one of its units bought UOB’s shares in the joint venture (JV) companies Novena Square Development and Novena Square Investments for S$299 million in cash. Prior to the transactions, UOB had a 20 per cent stake in each JV, as did the SingLand unit. The remaining 60 per cent of each JV was owned by SingLand’s parent UOL Group. SingLand ended Friday at S$3.60, down 0.3 per cent or S$0.01, before the news.
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