Stocks to watch: Sembcorp, Yoma Strategic, Geo Energy, Metech

THE following companies saw new developments that may affect trading of their securities on Tuesday (Mar 14):

Sembcorp Industries : Its 80 per cent-owned joint venture has clinched a contract to build, own and operate a 500 megawatt solar power plant in Oman, which is expected to be operational by 2025. This marks Sembcorp’s first renewables project in the Middle East and will augment its well-established presence in Oman’s power and water desalination sector, said the group on Monday. Prior to the announcement, shares of Sembcorp closed S$0.05 or 1.3 per cent S$0.05 down at S$3.77.

Yoma Strategic : The Myanmar-focused developer announced on Tuesday that its partners have agreed to restructure the debt facilities for Yoma Central, a city quarter development in downtown Yangon. Its lenders, which include International Finance Corporation and Asian Development Bank, have agreed to grant the developer group a standstill period until Jun 15, 2025. The counter ended Monday down S$0.004, or 3.9 per cent, to S$0.099.