Stocks to watch: Wilmar, Sembcorp, Keppel Infrastructure Trust, Del Monte, GSH, Tuan Sing
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THE following companies saw new developments that may affect trading of their securities on Monday (Jul 1):
Wilmar International : The mainboard-listed agribusiness has raised its effective stake in Unity Foods, a Pakistan-listed edible oils and industrial fats producer, to around 42.2 per cent. The group’s subsidiary and a related company bought about US$15.4 million worth of shares, it said on Friday. Shares of Wilmar ended S$0.03 or 1 per cent lower at S$3.10 before the news.
Sembcorp Industries : The group on Friday announced the upcoming appointment of two new non-executive directors to the board. Manu Bhaskaran will be appointed as non-executive and independent director on Jul 1, while Uwe Krueger will join as non-executive, non-independent director on Oct 1. Shares of Sembcorp closed S$0.16 or 3.2 per cent lower at S$4.81 before the news.
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