Stocks to watch: Seatrium, Centurion, Stoneweg Europe Stapled Trust, Ever Glory United

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 15):

Seatrium : The offshore and marine company will continue pursuing green opportunities in Europe and the Asia-Pacific, it told The Business Times on Oct 10. This comes amid the recent termination of a US$475 million wind vessel contract and as Seatrium diversifies away from its core oil and gas portfolio into green growth areas. It is exploring developing infrastructure for floating offshore wind farms, as well as looking into ammonia production platforms and carbon capture retrofits for vessels. The counter ended Tuesday at S$2.12, down by S$0.10 or 4.5 per cent, before the news.

Centurion : The group has acquired a land site in central London for £41 million (S$71 million) via a joint venture (JV) with US-based real estate firm Landmark Properties. Centurion holds a 99 per cent interest in the JV. The site will be used to develop a purpose-built student accommodation, it said on Tuesday. The deal marks Centurion’s entry into London, the sixth city in its UK portfolio. Shares of Centurion ended 2.7 per cent or S$0.04 lower at S$1.42 on Tuesday, before the news.

Stoneweg Europe Stapled Trust (Sert): The managers on Wednesday said that Sert has issued its second green bond in 2025, this time a 300 million euro (S$452 million) bond maturing in 2033. The order book peaked at almost one billion euros, making it more than three times oversubscribed. The net proceeds will be used to refinance existing borrowings due to mature in 2026 and 2027. Stapled securities of Sert closed 0.7 per cent or 0.01 euro up at 1.5 euros on Tuesday.

Ever Glory United : The engineering services provider is looking to transfer its Catalist listing to the mainboard of the Singapore Exchange, in line with its long-term strategy to enhance long-term value for shareholders. The proposed transfer will provide it with a wider platform to reach a larger investor base, enhance its reputation locally and internationally, and open new business opportunities, the group said on Tuesday. The counter closed 0.7 per cent or S$0.005 higher at S$0.685 on Tuesday, before the announcement.