Stocks to watch: Samudera Shipping, Koh Brothers Eco Engineering

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 2):

Samudera Shipping : Samudera announced on Wednesday that it has acquired Crest10, a DBS property holding company, for S$21 million. Crest10’s principal asset is a property comprising strata commercial units located at 6 Raffles Quay, where Samudera Shipping Line’s registered office sits. The counter closed flat at S$0.96 on Wednesday, before the announcement.

Koh Brothers Eco Engineering : The sustainable engineering solutions provider said on Wednesday that it has received in-principle approval to transfer its listing from the Catalist board to the mainboard of the Singapore Exchange. The proposed transfer was first announced at the end of May. The counter closed Wednesday at S$0.133, up S$0.001 or 0.8 per cent, before the announcement.