Stocks to watch: IReit Global, SIAEC, Hong Leong Asia, LHN, GS Holdings

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

IReit Global: UD1U The manager said on Friday that the real estate investment trust's wholly-owned subsidiary has acquired a Grade A freehold office building in Barcelona, Spain, for 27.2 million euros (S$43.1 million). IReit Global's counter ended flat at 63.5 Singapore cents on Thursday.

SIA Engineering Company (SIAEC): S59 The mainboard-listed group on Friday said it signed an agreement with Hawaiian Airlines to expand airframe maintenance services for the latter's Airbus A330-200 fleet. Under the new agreement, SIAEC will be performing 12-year checks commencing on March 2022. Shares of SIAEC ended Thursday up S$0.04 or 1.9 per cent at S$2.14.

Hong Leong Asia: H22 Its US-listed subsidiary China Yuchai on Thursday entered into an agreement with the Government of Nanning Municipality to research, develop and construct new production capacity for new energy technologies. Shares of Hong Leong Asia closed 0.6 per cent or half a Singapore cent higher at 81 cents on Thursday, before the news.

LHN Limited: 41O The property player on Thursday entered into a 30-70 joint venture (JV) with Oxley's deputy CEO, Low See Ching, to purchase properties located at Balestier Road. LHN will be appointed by the JV company as a project manager for the properties. Prior to the announcement, LHN Group shares closed flat at 29.5 Singapore cents on Thursday.

GS Holdings: 43A On Thursday, the Catalist-listed group announced that its indirect wholly-owned subsidiary, Hao Kou Wei Food Group, signed a franchise agreement to expand its Rasa Chicken by Sing Swee Kee brand of halal chicken rice to Qatar. The group's shares closed flat at 29.5 Singapore cents on Thursday, before the announcement was made.

TTJ Holdings: K1Q The structural steel fabricator is back in the black with net profit of S$1.6 million for the half-year ended July 31, from a S$14.1 million loss in the same period a year ago. It has declared a first and final dividend of 0.8 Singapore cent per ordinary share for the financial year ended July 31. TTJ's shares closed flat at 16.1 cents on Thursday, before the results were announced.