Stocks to watch: Aspen, Heeton, Lian Beng, KSH

THE following companies saw new developments that may affect trading of their securities on Friday (Oct 8):

Aspen (Group) Holdings: 1F3 Its subsidiaries have filed a defence and counterclaim in response to a claim initiated by Penang Development Corporation (PDC), the group announced on Thursday (Oct 7). PDC is claiming a sum of RM1.8 million (S$584,734) in relation to infrastructure construction work in connection with the purchase and development of land in Batu Kawan. The subsidiaries are counterclaiming for damages amounting to RM161.6 million. Shares of the group closed S$0.003 or 1.8 per cent lower at S$0.161 on Thursday, before the news.

Heeton Holdings, Lian Beng Group, KSH Holdings: 5DP L03 ER0 Through separate announcements on Thursday (Oct 7), the companies said they were proposing to dispose of two jointly held properties in Brisbane, Australia, for a total consideration of A$18.2 million (S$18.1 million). One property is held by all three companies, while the second property is 70:30 owned by Heeton and Lian Beng. Heeton and Lian Beng shares ended Thursday flat at S$0.27 and S$0.505, respectively, before the news. KSH Holdings closed S$0.005 or 1.5 per cent lower at S$0.34 on the same day.