Stocks to watch: Olam, Livingstone Health, Spackman, OUE, Low Keng Huat

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

Olam International: O32 The agri-food giant's unit Olam Food Ingredients on Tuesday confirmed plans to develop a new dairy processing facility in Tokoroa, New Zealand. The plant will become part of a global network that spans 20 major milk consumption markets, including South-east Asia and China. Shares of Olam closed unchanged on Tuesday at S$1.61, before the announcement.

Livingstone Health Holdings: PRH The healthcare provider on Wednesday said the Ministry of Health has granted it approval to import and supply the Sinovac vaccines to Singapore. Livingstone Health has also been appointed to lead the procurement of the vaccines on behalf of private healthcare institutions in Singapore. Shares of the group last closed down 0.2 Singapore cent or 1.2 per cent at 16.8 cents on Tuesday.

Spackman Entertainment Group: 40E The Catalist-listed company has agreed to sell its entire Zip Cinema business to a subsidiary of South Korean Internet company Kakao Corp for S$19.8 million. Spackman said it expects the proposed disposal to result in higher net tangible assets, reduce loss per share, and enhance the group's current ratio and liquidity. Shares of the group last changed hands at 0.4 Singapore cent on Tuesday before the group called for a trading halt during the midday break. The counter is to resume trading on Wednesday.

OUE: LJ3 The property developer, through its wholly-owned subsidiary OUE Treasury, on Tuesday said it is proposing to issue S$150 million notes with a fixed interest rate of 3.5 per cent per annum due 2026, under its S$3 billion multi-currency debt issuance programme. Shares of OUE closed flat on Tuesday at S$1.42, before the announcement.

Low Keng Huat: F1E The property player on Tuesday reported net profit of S$25.1 million for the first half of the fiscal year ended July, down 52 per cent from S$51.9 million a year ago. Shares of Low Keng Huat closed flat at 46.5 Singapore cents on Tuesday, before the release of the results.

King Wan Corporation: 554 The building services company has entered into a 70:30 joint venture agreement with energy startup Evercomm Singapore to establish a joint venture company named King Wan Eco Solutions to support the Singapore Green Plan 2030, it said on Tuesday. Shares of King Wan closed up 0.3 Singapore cent or 5.3 per cent at six cents on Tuesday, before the announcement.

Trading halt: Roxy-Pacific Holdings E8Z on Wednesday morning requested for a trading halt, pending the release of an announcement. Shares of the property player last closed at 40.5 Singapore cents on Tuesday.