Stocks to watch: Keppel Corp, Olam International, Maxi-Cash, Aoxin Q&M

THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 7):

Keppel Corporation BN4: Keppel Land's Chinese unit is divesting the associate company behind its first project in the eastern city of Nanjing, for 1.75 billion yuan (S$375.5 million), mainboard-listed parent Keppel Corp announced in a bourse filing on Monday. Keppel Corp shares closed on Monday (Dec 6) at S$5.13, up by S$0.02 or 0.39 per cent, before the news.

Olam International O32 : The food and agri-business company has secured a US$150 million club loan with DBS and the Singapore branch of the Industrial Commercial Bank of China (ICBC). In a press statement on Tuesday morning, Olam said the proceeds will allow for the carve-out, separation and proposed demerger and initial public offering of its new operating group Olam Food Ingredients (Ofi), which looks into natural and sustainable food ingredients and solutions. Shares of the counter closed down 0.6 per cent or S$0.01 at S$1.71 on Monday.

Maxi-Cash Financial Services 5UF: The Catalist-listed pawnbroker's board said they will place up to 32 million ordinary shares for more than S$5.18 million on Monday. Maxi-Cash called a trading halt on Dec 3 and moved to lift it on Monday night, after the news. It last traded at S$0.176 on Thursday (Dec 2).

Aoxin Q&M Dental Group 1D4: The Catalist-listed private dental services Group said on Monday (Dec 6) that it has reopened 4 of its dental centres in the Chinese province of Liaoning. Shares closed down by half a Singapore cent or 2.04 per cent at S$0.24 on Monday, before the announcement.

Trading halt: Capitaland Integrated Commercial Trust C38U called for a trading halt on Dec 7 just before it announced that it would be launching a private placement to raise gross proceeds of S$200 million. The majority of proceeds will go towards financing the proposed acquisitions in Sydney, Australia, which were announced on Friday (Dec 3). Units of the counter last closed at S$2.05, down S$0.01 or 0.49 per cent, on Dec 6.