Stocks to watch: OCBC, Keppel Corp, Swissco, Rickmers Maritime

OCBC Bank: Bank of Singapore (BOS), the private banking unit of OCBC Bank, has completed the acquisition of the wealth and investment management (WIM) businesses of Barclays plc in Singapore and Hong Kong for a lower price than stated earlier.

BOS announced in April it had bought Barclays' private bank business in Hong Kong and Singapore in a US$320 million cash deal. On Monday, it said the purchase price - which was set at 1.75 per cent of the assets under management transferred upon completion - is now at US$227.5 million, because not all of Barclays' private banking clients in Hong Kong agreed to a transfer.

Keppel Corporation: Keppel Seghers Belgium, a unit of Keppel Infrastructure Holdings, has secured a US$13.7 million contract to provide technology and services to the Nanshan II waste-to-energy plant in Shenzhen, Guangdong province, China.

The contract, awarded by repeat customer Shenzhen Energy Environment Engineering on Nov 19, is for the expansion of the existing facility through the provision of the core equipment, design and technical services for the plant's furnace and boiler.

Swissco Holdings: The Singapore High Court has approved an application to place Swissco Holdings and its subsidiary, Swissco Offshore Pte Ltd, under interim judicial management (IJM).

Unveiling the court ruling on the IJM before trading closed on Friday, Swissco also said Ee Meng Yen Angela and Purandar Janampalli Rao, of Ernest & Young LLP, had been appointed the joint interim judicial managers of the holding company and its subsidiary.

A pre-trial conference of the judicial management applications of the two entities is fixed for hearing on Dec 1, 2016, at 4pm.

Rickmers Maritime: The trustee-manager of Rickmers Maritime on Friday acknowledged the sale of its vessel, India Rickmers, is an option on the table for its senior debt settlement but denied any transaction has taken place.

The trustee-manager was responding to trade media reports on the purported vessel sale. Citing Vesselsvalue, these reports said India Rickmers has been scrapped before it reached its end of life.

The trustee-manager said negotiations are still ongoing with one of the trust's senior lenders on the terms of the debt settlement agreement. This involves, among other options tabled, the sale of India Rickmers. No sale of the vessel has been concluded, it said.