Stocks to watch: Keppel, ComfortDelGro, ABR, Azeus, OxPay Financial

THE following companies saw new developments that may affect trading of their securities on Wednesday (Mar 16):

Keppel Corporation: BN4 The group is in a consortium to acquire a remaining 50 per cent stake in Cleantech Solar Asia for US$115 million. In a statement on Tuesday, Keppel said its resultant increased stake in the asset will accelerate the group's plans to grow its renewable business. Its share of the consideration is US$69 million. The counter ended Tuesday at S$6.09, down 0.3 per cent or S$0.02, before the announcement.

ComfortDelGro Corporation (CDG): C52 A subsidiary of ComfortDelGro Corporation Australia will acquire certain assets of Rothery's Coaches business in Rockhampton, Queensland for a total consideration of A$6.75 million (S$6.74 million), announced the transport operator on Tuesday. Prior to the news, shares of ComfortDelGro had ended the day 0.7 per cent or S$0.01 lower at S$1.36.

ABR Holdings: 533 It has acquired the remaining 20 per cent stake in catering group Chilli Padi Holding for a consideration of S$4.4 million, the food and beverage company announced in a bourse filing on Tuesday. This will make Chilli Padi Holding a wholly-owned subsidiary of ABR, which owns and operates Swensen's in Singapore. Shares of ABR ended Tuesday flat at S$0.445, before the news.

Azeus Systems Holdings: BBW The information technology solutions and products provider appointed a new chief executive officer (CEO) on Tuesday to take over Lee Wan Lik, who stepped down from the position on the same day. Lee will continue to chair the company's board, while the new CEO Michael Yap will continue serving as deputy chairman of Azeus. Shares of the company ended Tuesday unchanged at S$5.98, after the announcement.

OxPay Financial: TVV The Catalist-listed digital payment services player formerly known as MC Payment has lodged a police report against some former employees suspected of wrongdoing over the company's annual general meeting on Apr 28, 2021. Shares of OxPay closed at S$0.15, down 2 per cent or S$0.003, prior to the news on Tuesday.

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