Stocks to watch: Yangzijiang Shipbuilding, Golden Energy, Ho Bee Land, EC World Reit

THE following companies saw new developments that may affect trading of their securities on Monday (Mar 20):

Yangzijiang Shipbuilding : A unit of the company that used to hold 43 subsidiaries has been ordered by Singapore’s High Court to wind up, The Business Times reported last Friday. On Sunday, Yangzijiang Shipbuilding said that even if the unit winds up, it will not materially impact the group’s operations and financial condition for FY2023. Shares of Yangzijiang Shipbuilding closed flat at S$1.22 on Friday. 

Golden Energy and Resources : The energy and resources company, which is proposing to delist from the Singapore Exchange, will raise its exit offer price by 13 per cent to S$0.181 per share, from S$0.16, following criticism that previous terms were unfavourable for minority investors. The counter ended at S$0.895, down 1.1 per cent or S$0.01 last Friday, before the news.