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Stocks to watch: Keppel, Noble, Oxley
THE following stocks have announced corporate developments:
Keppel Corp units Keppel Land China and Alpha Investment Partners have tied up with a co-investor to acquire an office and retail mixed-used development, SOHO Hongkou in Shanghai, China, for some US$525 million.
Noble Group said that it has sold three warehousing subsidiaries for US$4.7 million. Separately, Fitch Ratings downgraded the firm's credit ratings further into junk territory.
Oxley Holdings has priced an upcoming series of US$55 million bonds due 2021 at 6.375 per cent.