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Stocks to watch: Keppel Corp, Oxley Holdings, Loyz Energy
THE following companies saw new developments that may affect trading of their shares on Thursday:
Keppel Corporation: Keppel Corporation on Thursday said it has signed a sale and purchase agreement together with Golar LNG and Black & Veatch (B&V) to sell an equity interest in Golar Hilli LLC to a subsidiary of Golar LNG Partners for US$658 million, less net lease obligations.
Oxley Holdings: Oxley Holdings on Thursday disclosed that the company had on Wednesday acquired, through open-market purchases, shares of United Engineers (UE), resulting in Oxley holding 10.43 per cent of the total number of issued shares, excluding treasury shares and subsidiary holdings of UE.
Loyz Energy: The successful renegotiation of the consideration for the acquisition of a Thailand concession between Loyz Energy and Carnarvon Thailand, resulting in a gain on derecognition of deferred consideration of US$19 million, boosted results for Loyz Energy (Loyz) for its fourth quarter. Net profit was US$11.4 million, a reversal from a net loss of US$146,000 in the previous year.