Stocks to watch: Seatrium, GuocoLand, Thomson Medical, GSH

THE following companies saw new developments that may affect trading of their securities on Thursday (Jul 13).

Seatrium : The offshore and marine engineering player has obtained a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to fund its sustainability efforts. The counter closed up 6.8 per cent or S$0.009 at S$0.141 on Wednesday, before the announcement.

GuocoLand : The property giant on Thursday announced it obtained S$498.6 million in green financing, which will go towards the development of a residential site at Lentor Gardens which it won jointly with Hong Leong in April. Its shares ended Wednesday S$0.02 or 1.3 per cent higher at S$1.54.

Thomson Medical Group : The Singapore-based healthcare company is proposing to fully acquire Far East Medical Vietnam, the owner and operator of a range of healthcare facilities in Vietnam including FV Hospital, at a consideration of up to US$381.4 million. Thomson Medical closed on Tuesday up 1.7 per cent or S$0.001 at S$0.061, before it called for a trading halt the following morning. The counter resumes trading on Thursday.

GSH Corporation : The mainboard-listed company has agreed to sell its Cecil Street property in Raffles Place for a consideration of S$38.8 million. The proposed disposal “provides a good opportunity for (GSH) to unlock its investment in the property”, it said on Wednesday. GSH shares closed flat at S$0.175, before the news.