Stocks to watch: Sabana Reit, Oiltek International

THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 19):

Sabana Industrial Real Estate Investment Trust (Sabana Reit) : The Reit’s requisitionists have rejected the trustee’s proposal to postpone the extraordinary general meeting to vote on the proposed internal manager directors. On Wednesday, the requisitionists noted that it will not change the amended resolutions as suggested by the trustee, as they believe their requisitions “provide clear directions”. Units of Sabana Reit closed 2.8 per cent or S$0.01 higher at S$0.37 before the news.

Oiltek International : The renewable energy solutions provider on Thursday said it secured new contracts worth approximately RM19.5 million (S$5.9 million) from Africa, Central America and Malaysia. This will take the group’s current order book, which is expected to be fulfilled over the next 18 to 24 months, to about RM378.3 million. Shares of Oiltek ended Wednesday 1.1 per cent or S$0.005 higher at S$0.46.