Stocks to watch: Nanofilm, CLCT, Keppel, Silkroad Nickel, DBS, Cromwell E-Reit, Hatten Land

THE following companies saw new developments that may affect trading of their securities on Wednesday:

MZH: The group's chief executive officer (CEO) and executive director Lee Liang Huang has resigned from the role of CEO due to health reasons, according to an announcement released on Wednesday. Executive chairman and founder Shi Xu will assume the role in the interim until a successor is found. Shares of mainboard-listed Nanofilm closed at S$5.40 on Tuesday, up S$0.01 or 0.2 per cent.

AU8U: CLCT on Tuesday evening said it has priced S$150 million worth of notes due 2028 at 2.4 per cent. The net proceeds arising from the notes will be used for general corporate and working capital purposes, investment or refinancing of existing borrowings. Units of CLCT closed at S$1.37 on Tuesday, down S$0.01 or 0.7 per cent, before the announcement.

BN4: The mainboard-listed conglomerate is working on a project to explore floating cities in Singapore, its CEO and executive director Loh Chin Hua said on Tuesday at the World Cities Summit. Shares of Keppel closed at S$5.05 on Tuesday, down S$0.01 or 0.2 per cent, before the announcement.

STP: The laterite nickel ore producer and its wholly-owned unit FE Resources on Tuesday evening said it has entered into a subscription agreement with GFL International Co - a wholly-owned subsidiary of Ganfeng Lithium Co - that will see GFL subscribing for US$15 million in exchangeable bonds. The bonds have an interest rate of 7 per cent per year and a maturity date of three years from the date of issuance. Shares in Silkroad closed at 40 Singapore cents on Tuesday, up 1.5 cents or 3.9 per cent, before the announcement.

D05: The bank on Tuesday said it has launched a fully digital and automated fixed income execution (FIX) platform where issuers can directly connect with investors without the involvement of a bank. Keppel Corporation is the first corporate issuer to have its US$1 billion euro-commercial paper programme digitalised for issuances under the FIX Marketplace, and has appointed DBS as the sole arranger and dealer of the programme. DBS shares closed at S$29.40 on Tuesday, down S$0.23 or 0.8 per cent, after the announcement.

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CWBU: The real estate investment trust's (Reit) manager on Tuesday morning said it has agreed to sell its Parc de Popey asset for 5.8 million euros (S$9.3 million) in cash to an affiliate of "one of Europe's leading boutique real estate investment funds". Units in the Reit closed at 2.37 euros on Tuesday, up two euro cents or 0.9 per cent, after the announcement.

PH0: The property developer on Tuesday morning said it has entered into a memorandum of understanding with The Medici-Watermark, an indirect 60 per cent-owned subsidiary, to manage three of its malls in Melaka, Malaysia. Shares of Hatten Land closed at 2.7 Singapore cents on Tuesday, up 0.1 cent or 3.9 per cent, after the announcement.