Stocks to watch: Seatrium, 3Cnergy

THE following companies saw new developments that may affect the trading of their securities on Wednesday (Dec 27):

Seatrium : The former president of its Brazilian unit Martin Cheah was acquitted of all charges stemming from anti-corruption probe Operation Car Wash on Dec 20. On Tuesday (Dec 26), Seatrium also said another individual linked to the probe, Guilherme Esteves de Jesus, was also acquitted by the Brazilian Federal Lower Court on the same day. Shares of Seatrium closed up 0.9 per cent or S$0.001 at S$0.113, before the news.

3Cnergy : Shareholders of the Catalist-listed company have approved the reverse takeover (RTO) of hospitality player DTP Infinities. As part of the RTO, 3Cnergy will be renamed Prosper Cap and will be led by Iqbal Jumabhoy as chief executive and executive director. Prior to the announcement on Tuesday, shares of 3Cnergy closed flat at S$0.002.