Stocks to watch:  Sembmarine, EC World Reit, Raffles Education, CDL

THE following companies saw new developments that may affect trading of their securities on Monday (Apr 10):

Sembcorp Marine (Sembmarine): The mainboard-listed offshore group’s increased market cap of S$8.2 billion post-merger with Keppel Offshore & Marine has made it the largest counter on the Straits Times Index (STI) reserve list. This means it has a chance of being added to the benchmark index – depending on how it and other index counters trade in the coming months. Shares of Sembmarine closed 1.6 per cent or S$0.002 lower at S$0.12 on Thursday.

EC World Real Estate Investment Trust (EC World Reit): Its manager is seeking a time extension from the Singapore Exchange and the Monetary Authority of Singapore for the deadline to hold its annual general meeting, from Apr 30 to Jul 27. This is due to a delay in divesting two Chinese logistics assets, which in turn has held up its settlement of a mandatory repayment. EC World Reit units closed 1.7 per cent or S$0.005 higher at S$0.305 on Thursday.