Stocks to watch: UOL, Singapore Land, Sabana Reit, ICP 

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jul 12).

UOL Group , Singapore Land Group : The Housing and Development Board (HDB) on Tuesday announced the award of a mixed-use land parcel in Tampines to a joint venture between a UOL-Singapore Land consortium and CapitaLand Development at a S$1.21 billion tender price. UOL shares closed up 1.1 per cent or S$0.07 at S$6.60, and Singapore Land shares closed up 1.9 per cent or S$0.04 at S$2.10 on Tuesday, before the news.

Sabana Industrial Real Estate Investment Trust (Sabana Reit): The Singapore High Court on Tuesday dismissed ESR Group’s application for an interim injunction to restrain Sabana Reit’s manager from taking any steps to convene an extraordinary general meeting (EGM), pending the final determination of its originating application to render the EGM invalid. The hearing date for the originating application will be scheduled during a case conference due on Jul 13. The manager on Wednesday lifted a trading halt called on Tuesday. The counter last traded at S$0.42 on Jul 11.