Stocks to watch: Sembmarine, Keppel Corp, ESR-Logos Reit, Sasseur Reit, OKP

Chelsea Ong

Published Fri, Feb 17, 2023 · 08:21 AM
    • Sembcorp Marine's shareholders have voted overwhelmingly for the merger with Keppel Corp’s offshore and marine unit, with over 95 per cent of votes cast in favour of the proposal.
    • Sembcorp Marine's shareholders have voted overwhelmingly for the merger with Keppel Corp’s offshore and marine unit, with over 95 per cent of votes cast in favour of the proposal. PHOTO: SEMBCORP MARINE

    NEW developments at the following companies may affect trading of their securities on Friday (Feb 17): 

    Sembcorp Marine (Sembmarine), Keppel Corporation : Sembmarine’s shareholders voted overwhelmingly for the merger with Keppel Corp’s offshore and marine unit, with over 95 per cent of votes cast in favour of the proposal. Shares of Sembmarine ended Thursday up 0.7 per cent or S$0.001 at S$0.136, while shares of Keppel Corp also ended the day up 0.7 per cent or S$0.05 at S$7.13 after the news. 

    ESR-Logos Reit : The industrial Reit announced on Friday that its private placement was three times subscribed. Each unit was priced at S$0.33 with about 454.5 million new units issued. The price for its preferential offering has also been fixed at S$0.325 apiece and will be launched if the resolution passes through at the next extraordinary general meeting. ESR-Logos Reit units ended Wednesday flat at S$0.35 before the manager called for a trading halt.