Stocks to watch: UMS, Civmec, Oiltek

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jul 2):

UMS : The semiconductor company has acquired 2.2 hectares or about 235,000 square feet of leasehold industrial land in Penang, Malaysia, for RM15.2 million (S$4.5 million). This will be funded internally from the group’s placement proceeds, which were raised in January. UMS shares closed at S$1.17 on Monday, down 0.9 per cent or S$0.01, before the announcement.

Civmec : The construction and engineering group has bagged multiple projects with a combined contract value of about A$174 million (S$157.5 million). On Monday, the group said it also secured a number of new contracts and work orders under existing term contracts and framework agreements across Australia. Shares of Civmec closed at S$0.83, up 1.2 per cent or S$0.01, prior to the announcement.