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Stocks to watch: Yuexiu Property, Darco Water Technologies, Otto Marine

THE following stocks made announcements after the market closed on Tuesday that could affect their trading on Wednesday:

Yuexiu Property: The company said it has acquired a piece of land of about 137,294 square metres in Qingdao, China for a consideration of 183 million yuan (S$37.5 million) by way of open auction. The permissible gross floor area amounts to about 109,049 square metres and the underground gross floor area amounts to about 28,245 square metres. The parcel of land is for wholesale and retail, urban residential use, said Yuexiu.

Darco Water Technologies: The water solutions provider said it has secured a total of S$19.8 million worth of contracts in China, Malaysia and Singapore. About S$9.9 million is for two ultra-supercritical heating generators at Bajiao power plant in China's Shandong province.

It also clinched several wastewater treatment upgrading projects in Malaysia with a total contract value of RM7.3 million (S$2.4 million). In Singapore, it won another pneumatic waste conveyance system project worth S$4.4 million to transfer solid waste for Housing & Development Board in Sengkang.

Otto Marine: The offshore marine group requested for an immediate halt to the trading of its shares in view of a pending announcement. It had received an offer to be taken private in June at S$0.32 a share. It was revealed on Tuesday that Otto Marine had also withdrawn a winding-up application of vessel charterer Hoe Leong.

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