Stocks to watch: Keppel, Wee Hur, NetLink NBN Trust, Elite UK Reit, China Aviation Oil

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 4):

Keppel : A consortium comprising Keppel, Keppel Asia Infrastructure Fund and a co-investor has bought the remaining 49 per cent stake in Cleantech Renewable Assets (CRA) that it does not yet own from Shell Singapore. The consortium initially acquired a 51 per cent stake in CRA in October 2022. Keppel on Tuesday said that the acquisition supports its goal to grow its renewables business. The counter closed on Monday 0.5 per cent or S$0.05 higher at S$10.24.

Wee Hur : The group announced on Monday that its 80 per cent owned Australian subsidiary had entered into a sale and purchase agreement for the disposal of a purpose built student accommodation at 188 Grenfell Street in Adelaide for S$14.2 million. Assuming that the disposal had been completed on Jun 30, the estimated gain is about S$4.7 million. Completion of the proposed disposal is expected to take place on Nov 28. Shares of Wee Hur closed S$0.02 or 2.8 per cent up at S$0.745 on Monday, before the announcement.