Stocks to watch: StarHub, SIA, Keppel Reit, Bumitama Agri, Straco, FLCT, SBS Transit, PropNex

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 12):

StarHub : The telco on Tuesday announced that its wholly owned subsidiary StarHub Online has acquired the remaining 49.9 per cent stake in MyRepublic’s broadband business that it did not already own. The acquisition, which makes MyRepublic Broadband a wholly owned StarHub subsidiary, provides greater strategic alignment between the two groups and strengthens StarHub’s position as a provider of broadband and mobile services, the telco said. Shares of StarHub ended Monday 4.9 per cent or S$0.06 lower at S$1.16.

Singapore Airlines (SIA) : The national carrier announced on Monday that it will adjust the conversion price of 1.625 per cent of its convertible bonds due 2025 to S$4.6761, from S$4.8945. The adjustment accounts for the final dividend of S$0.30 per share the group announced on May 15, for the full year ended Mar 31. The adjusted conversion prices will take effect from Aug 12. Shares of SIA closed on Monday 0.3 per cent or S$0.02 down at S$6.51.