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Stocks to watch: Koh Brothers Eco, Aspen, Thakral Corp, Keppel Corp

THE following companies saw new developments that may affect trading of their shares on Friday:

Koh Brothers Eco Engineering: A subsidiary of Catalist-listed Koh Brothers Eco Engineering Ltd has secured a S$520 million contract from PUB in collaboration with its joint-venture partner Penta-Ocean Construction Co Ltd. The contract won by Koh Brothers Building & Civil Engineering Contractor Pte Ltd (KBCE) and Penta-Ocean is in relation to the Deep Tunnel Sewerage System (DTSS) Phase 2 project, and marks KBCE's maiden project into tunnelling. Koh Brothers Eco closed trading at S$0.084 a share on Thursday.

Aspen (Group) Holdings: Malaysia-based property development group Aspen said after Thursday trading close that it has entered into a sale and purchase agreement for some 22,954 square metres of freehold land for over RM66.71 million (S$21.4 million). The agreement was signed on Sept 28 between its wholly owned subsidiary, Aspen Vision Development (Central) and privately-held Tropicana Kajang Hill. Aspen closed at S$0.23 a share on Thursday.

Thakral Corporation: Singapore-listed Thakral Corp has acquired two additional properties in Australia through its joint venture GemLife which has committed A$20 million (S$21.3 million) to develop them into resort-style retirement housing. The properties - Thakral's first two properties outside Queensland - are located in Victoria and New South Wales and have a land area of 11.7 hectares and 11.6 hectares, respectively. Thakral last traded at S$0.53 a share on Thursday.

Keppel Corporation: Keppel Offshore & Marine's wholly owned subsidiary, Keppel Fels Brasil's BrasFELS shipyard in Brazil, has delivered its fifth Floating Production Storage and Offloading (FPSO) vessel to MODEC Offshore Production Systems (Singapore). The group said on Friday that the FPSO was completed safely, on time and within budget. Keppel Corp last traded at S$6.48 a share on Thursday.

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