Stocks to watch: Seatrium, Kimly

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 11):

Seatrium : A director of the offshore and marine giant, Lai Chung Han, will resign on Jun 30. On Monday, the company said Lai will be assuming appointment as the permanent secretary for development at the Ministry of Finance from Jul 1. Shares of Seatrium closed S$0.04 or 2.4 per cent higher at S$1.74, before the news.

Kimly : Its wholly owned subsidiary, Choh Dee (S204) Food House, has exercised an option to purchase a coffee shop property in Serangoon from Lee Quan Enterprises for about S$13.2 million. The proposed acquisition is not expected to have any significant impact on the group’s performance for the current fiscal year. Shares of Kimly closed S$0.005 or 1.6 per cent higher at S$0.32 on Monday, before the announcement.