Stocks to watch: SGX, Keppel DC Reit, Sasseur Reit, Silverlake Axis, Grand Venture

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

Singapore Exchange (SGX): S68The bourse will amend its process of managing outstanding securities transactions when a clearing member is in default, it announced on Friday. Under the new rules, the Central Depository will set off defaulting members' outstanding buy- and sell-trades for each counter - regardless of whether the trades are due to customers or non-customers. Shares of SGX had ended the day at S$10.17, up S$0.09 or 0.9 per cent, before the news.

Keppel DC Reit: AJBUThe real estate investment trust (Reit) has acquired two data centre buildings in Eindhoven, the Netherlands for 37.2 million euros (S$59.9 million), its manager said in a bourse filing on Monday. The acquisition is expected to be accretive to Keppel DC Reit's distribution per unit. Units of the Reit closed flat at S$2.53 on Friday.

Sasseur Reit: CRPU Its manager's head of finance, Leong Mei Kuan, has tendered her resignation to pursue her personal interests. Her last day of service will be Sept 26, said the Reit on Friday. The current senior finance manager, Emily Soh, will oversee the finance functions of the Reit manager while the hunt is on for a chief financial officer. Sasseur Reit closed flat at 91.5 Singapore cents on Friday, prior to the announcement.

Silverlake Axis: 5CP The fintech company announced on Friday that its indirect wholly-owned subsidiary has inked a teaming agreement with Malaysia-based insurance technology specialist DynaFront Holdings. Under the agreement, the companies will collaborate and explore opportunities to tap technology and ecosystems to co-create insurtech innovations, said Silverlake Axis in a bourse filing. Shares of the group closed Friday at 27 Singapore cents, down half a cent or 1.8 per cent, before the news.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL

Grand Venture Technologies: JLB The group and its controlling shareholder have entered into a placement agreement for the issuance and sale of ordinary shares in the company to raise up to S$39.9 million, the precision manufacturer announced in a bourse filing on Friday. Shares of Grand Venture last traded at S$1.25 the morning of Sept 1, before the group called for a trading halt. The counter will resume trading today.

MC Payment: TVV The digital payment services player will be known as OxPay Financial from Sept 7, it announced on Friday after market close. This comes after its earlier proposal to change its name "in order to signify the new direction of the group moving forward under its new management". Shares of the Catalist-listed company ended Friday at 34.5 Singapore cents, down half a cent or 1.4 per cent.

Sakae Holdings: 5DO Its S$720,000 impairment of goodwill in FY2021 comes from a previous acquisition relating to the business assets of the former Genki Sushi outlets in Malaysia, said the group in response to a SGX query. Sakae shares ended Friday 0.1 Singapore cent or 0.9 per cent higher at 11.3 cents, before the announcement was made.

Sunrise Shares Holdings: 581The electrical products trader and distributor on Friday said its wholly-owned subsidiary, Sunrise Industrial, has changed its principal business activities from property fund management and collecting rental income from Reits to offering consultancy and management services in property and hospitality. Shares of Sunrise ended Friday at 3.8 Singapore cents, up 0.3 cent or 8.6 per cent, before the announcement was made.