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Stocks to watch: OCBC, F&N, Roxy-Pacific
OCBC Bank: The Singapore lender has established a US$10 billion global covered bond programme that will be available to certain non-US investors outside of the United States.
This programme makes OCBC the third and last local bank to do so, it said in a filing on Wednesday night.
Fraser and Neave (F&N): The company has said it would buy the remaining 30 per cent of a Malaysian beverage manufacturer that it does not own for RM23.4 million (S$7.6 million).
F&N's Malaysian unit, MDSB, has exercised a call option to acquire the remaining 30 per cent of Yoke Food Industries and the acquisition would be made in cash from internal sources.
Roxy-Pacific Holdings: The Singapore-listed company said on Thursday its wholly owned subsidiary RPV Assets Pte Ltd would acquire the development at 120 Grange Road for S$48.5 million.
The freehold residential site has an estimated land area of 15,780 square feet and an existing plot ratio of 2.1 for residential apartment development.