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Stocks to watch: Keppel, Keppel T&T, SPH, M1, Wheelock, Creative, Keppel KBS-US Reit
THE following companies saw new developments which may affect trading of their shares on Monday:
Keppel Corp, Keppel T&T: Keppel Corp is considering a possible transaction involving its interest in Keppel Telecommunications & Transportation (Keppel T&T), as well as a deal involving its indirect stake in telco M1 through the Keppel T&T unit, according to an announcement on Monday. Keppel Corp, which owned 79.2 per cent of Keppel T&T as at March 5, closed at S$7.03 last Friday. Keppel T&T last ended at S$1.36 and has halted the trading of its shares.
Singapore Press Holdings: Media and property group Singapore Press Holdings (SPH), which publishes The Business Times, said on Monday that it has been approached by Keppel Corp to participate in a possible transaction involving SPH's stake in Singapore-listed telco M1. SPH last closed at S$2.82 last Friday.
M1: Two key indirect shareholders, SPH and Keppel Corp, disclosed on Monday a possible transaction involving their stakes in the telco, after a joint strategic review ended in 2017 without any third-party deals reached. M1, which closed flat at S$1.63 last Friday, has since called a trading halt.
Wheelock Properties (Singapore): The Hong Kong-listed parent of Wheelock Properties will not revise its offer price of S$2.10 a share in an ongoing privatisation attempt, it said in an announcement on Monday. The counter has surged since news of the offer broke in mid-July and last closed at S$2.17 on Friday.
Creative Technology: Consumer electronics company Creative Technology launched its hotly anticipated headphone amplifier, Super X-Fi, for orders on Monday. Creative ended at S$6.58 on Friday.
Keppel KBS-US Reit: Keppel-KBS US Reit is acquiring a business campus portfolio in Seattle for US$169.4 million, the manager said on Monday. Units last traded at US$0.79 apiece on Friday.