Stocks to watch: OCBC, Great Eastern, United Engineers, Perennial, Yanlord Land
THE following companies saw new developments that may affect trading of their shares on Wednesday:
OCBC, GREAT EASTERN, UNITED ENGINEERS, PERENNIAL REAL ESTATE: One bidder has been shortlisted to take over Oversea-Chinese Banking Corporation Limited (OCBC) and Great Eastern Holdings Limited's combined stakes in United Engineers Limited (UEL) and its subsidiary WBL Corp Ltd, the pair said in a release to the Singapore Exchange before market open on Wednesday.
Though the bidder was not named, Perennial Real Estate, which has said in early June that it had submitted a proposal, requested for a trading halt on Wednesday morning, at about the same time as UEL's request for trading halt. Both are mainboard-listed companies, as are OCBC and Great Eastern.
YANLORD LAND GROUP: Real estate developer Yanlord Land Group has requested for a trading halt of its shares on Wednesday morning before market open.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard
Europe: Stocks retreat on earnings gloom, weak US economic data