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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.