Stocks to watch: GL, DBS, Keppel, SIA, Kimly, Low Keng Huat, Top Glove, ThaiBev

THE following companies saw new developments that may affect trading of their securities on Monday.

GL: The Guoco Group unit's offer for hotel operator GL has closed with valid acceptances representing 95.62 per cent of the total number of GL shares, GL said in a filing on Thursday night. The voluntary unconditional cash offer, with a final offer price of S$0.80 per share, closed at 5.30pm on April 1.

DBS: The lender announced on Thursday that it is jointly leading a consortium of nine banks to launch a US$625 million project financing structure for Indonesia's first high-pressure acid leach smelter, in partnership with Halmahera Persada Lygend. Shares of DBS closed 0.7 per cent or S$0.21 higher at S$29 at Thursday's close.

Keppel Corporation: Keppel Capital Holdings' private fund management arm Alpha Investment Partners has been awarded a S$360 million separate account mandate from cooperative Dutch pension fund service provider PGGM. The account includes a top-up option of up to S$320 million, which if fully exercised would bring the aggregate commitment to S$680 million. Keppel Corp rose 1.3 per cent or S$0.07 higher to S$5.39 at Thursday's close.

Singapore Airlines: Daily passenger service from Singapore to Hong Kong has been suspended from April 3 till 16, said the national carrier in a statement late Friday, after a transit passenger who travelled on board flight SQ882 tested positive on arrival in Hong Kong. Shares of SIA closed 0.7 per cent or S$0.04 higher at S$5.59 on Thursday.

Kimly: The Catalyst-listed coffee shop operator announced on Thursday that it has acquired a 60 per cent stake in cleaning-services firm Klovex Holdings. Kimly intends to tap Klovex's expertise for its existing businesses. The counter last traded flat at 30.5 Singapore cents at Thursday's close before the announcement.

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Low Keng Huat (Singapore): The mainboard-listed builder posted on Thursday evening a net loss attributable to shareholders of S$3.14 million for the second half of the financial year ended Jan 31, 2021, from a net profit of S$11.96 million for the year-ago period. Shares of Low Keng Huat traded unchanged at 41.5 Singapore cents at Thursday's close before the announcement.

Top Glove Corporation: The Malaysian glove manufacturer could be in danger of being downgraded or booted out of indices based on environmental, social and governance factors, after the company was once again thrust in the spotlight over labour practices. On the Singapore bourse, Top Glove shares closed up 0.7 per cent or S$0.01 to S$1.53 on Thursday.

Thai Beverage (ThaiBev): The beer and liquor giant announced that the Singapore Exchange (SGX) had, on Thursday, issued its conditional eligibility-to-list letter for the potential listing of ThaiBev's brewery unit on the SGX mainboard. The counter rose 2 per cent or 1.5 Singapore cents to 75.5 cents on Thursday's close.

China Sports International: The mainboard-listed firm, which is under judicial management, received a notification of delisting from the SGX on April 1, the judicial managers said in a filing on Thursday. In the notification, SGX noted that China Sports has been suspended since Dec 4, 2017.