Stocks to watch: Yangzijiang Financial, OKP

THE following companies saw new developments that may affect trading of their securities on Tuesday (Mar 7):

Yangzijiang Financial Holding : It is partnering Singapore-based fund manager Tahan Capital Management to invest in private credit assets in Asia. The partnership will diversify the group’s portfolio and promote sustainable growth in the region, the company said on Monday. The counter closed at S$0.38, up S$0.005 or 1.3 per cent on Monday before the news. 

OKP Holdings : Its unit Or Kim Peow Contractors has been awarded S$43.8 million over an arbitration case of a 2017 accident involving the Pan-Island Expressway viaduct collapse. This is expected to positively impact the group’s financial performance for the year ending Dec 31, 2023, the group said. Shares of OKP closed at S$0.178, up S$0.005 or 2.9 per cent on Monday before the news.