Stocks to watch: Yanlord Land, OxPay Financial

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

Yanlord Land Group : Z25 0%: The real estate developer’s indirect subsidiary, together with 2 other parties, was awarded a residential site tender at Lentor Central in Singapore at a bid price of S$481 million, or S$1,108 per square foot (sq ft) per plot ratio. The parties plan to build a residential development of about 470 units on the 144,714 sq ft site, which is located within the new Lentor Hills estate. Shares in Yanlord ended flat on Monday at S$1.04 before the announcement was released.

OxPay Financial : TVV 0%: The payment services company was ordered by the Employment Claims Tribunal to pay its former chief executive and chief financial officer S$77,501.52 following wrongful dismissal claims by the 2 individuals, The Business Times (BT) reported on Monday. In response to queries by BT, Oxpay said it does not intend to pursue any further legal action, and that it intends to “move forward and focus on growing their businesses”. Prior to the news, shares of OxPay closed up S$0.005 or 3.7 per cent at S$0.141.