Stocks to watch: UOB, CapitaLand Investment
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THE following companies saw new developments that may affect trading of their securities on Monday (Dec 16):
UOB : Its head of group corporate banking Leong Yung Chee will replace chief financial officer (CFO) Lee Wai Fai as CFO on Apr 22, 2025. The bank said on Friday that Lee is retiring from his CFO role after 20 years. Edmund Leong, who has specialised in the capital markets for 16 years, will take over from Leong as head of group corporate banking. Shares of UOB ended Friday 0.3 per cent or S$0.10 higher at S$37.35 before the news.
CapitaLand Investment (CLI) : The real estate asset manager will acquire the property and corporate credit investment management business of Wingate Group in Australia for A$200 million (S$173 million), plus a three-year performance based earnout. This is expected to boost CLI’s funds under management to S$115 billion, said the group on Monday. Shares of CLI ended Friday flat at S$2.65.
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