Stocks to watch: GLP, CWT, Vard, ISDN, AusGroup

STOCKS to watch on Tuesday include:

Global Logistic Properties (GLP): The second-largest owner of US industrial real estate agreed to buy US$1.1 billion of warehouses from Hillwood Development Co. It expects to complete a US$700 million deal for fully leased properties in December, the company said. On Monday, GLP also said it will develop a 27,000-square-metre modern logistics property in Osaka at a development cost of around five billion yen (S$66.8 million).

CWT: The logistics company said a subsidiary under its financial services arm, Straits Financial Group, has been granted the full capital market services licence for trading in futures contracts by the central bank.

This allows the subsidiary, Straits Financial Services Pte Ltd (SFSPL), to offer a full and complete suite of financial and commodity derivatives, including centrally cleared over-the-counter contracts and contracts-for-differences. SFSPL will also be able to expand its customer base beyond the "accredited investors" and "corporate expert investors" category.

Vard Holdings: A unit of the designer and builder of specialised vessels has secured a new contract for the delivery of an equipment and electrical installation package to Cochin Shipyard for a vessel under construction for the government of India. The value of the contract secured by subsidiary Vard Electro AS is about 150 million Norwegian krone (S$24.7 million), the group said on Tuesday.

ISDN Holdings: The company has appointed a Hong Kong compliance adviser, making a headway in its plan for a dual primary listing there since it was first unveiled in March. The Singapore-listed group appointed Shenwan Hongyuan Capital (HK) as its Hong Kong compliance adviser to ensure that it is in compliance with Hong Kong's listing rules as well as to review its financial reports. The appointment will be effective upon listing of the shares on the main board of the Hong Kong stock exchange.

AusGroup: The oilfield services provider is seeking a breather from the provisions of the trust deed and notes of S$110 million that were issued under its S$350 million multi-currency debt issuance programme.

Under the consent solicitation launched on Tuesday, the company is proposing to obtain a waiver for any non-compliance or potential non-compliance with various provisions of the Trust Deed and the Notes and obtain approval of noteholders to make certain amendments to the Trust Deed and the Notes.

It is also seeking approval for an extension of the original maturity date of the notes for a period of two more years to Oct 20, 2018, with certain additional obligations to noteholders.