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Stocks to watch: UOL, Lian Beng, Sabana Reit, The Place Holdings, Eneco Energy

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Samuel Oh

Published Wed, Jul 5, 2023 · 09:12 AM
    • UOL has entered into an agreement with an entity of Worldwide Hotels to sell Parkroyal on Kitchener Road for S$525 million.
    • UOL has entered into an agreement with an entity of Worldwide Hotels to sell Parkroyal on Kitchener Road for S$525 million. PHOTO: JUDE CHAN, BT

    THE following companies saw new developments that may affect trading of their securities on Wednesday (Jul 5):

    UOL Group : The real estate group has entered into an agreement with an entity of Worldwide Hotels, the owner of Hotel 81 in Singapore, to sell Parkroyal on Kitchener Road for S$525 million. UOL shares closed down 1.8 per cent or S$0.12 at S$6.39 on Tuesday, before the announcement.

    Lian Beng Group : The construction and engineering company said it no longer meets the free float requirement of the Singapore Exchange, now that the percentage of its shares held by the public is less than 10 per cent. This means the trading of its shares will be suspended at the close of the offer on Jul 7, 5.30 pm, to take the company private. Shares of Lian Beng last traded at S$0.68 on Jun 28.

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