The following companies saw new developments that may affect trading of their securities on Friday (Jan 13):
UOB (U11): UOB has priced S$850 million in 5.25 per cent perpetual capital securities on Thursday (Jan 12), which will be first callable in 2028.
The capital securities will be issued under the US$30 billion global medium-term note programme, UOB said in a bourse filing on Friday (Jan 13).
The mainboard-listed company expects the capital securities will qualify as Additional Tier 1 regulatory capital for the bank.
Keppel Corp (BN4): THE Corrupt Practices Investigation Bureau (CPIB) has issued stern warnings to six individuals who were previously senior management staff of Keppel Corporation’s Offshore & Marine (O&M) unit, on Thursday (Jan 12).
The warnings were issued to the six individuals in lieu of prosecution for offences punishable under the Prevention of Corruption Act (PCA). The six individuals were not named.
The offences relate to bribe payments to officials of Brazilian state-owned corporation Petróleo Brasileiro (Petrobras), pertaining to rigs building contracts which Petrobras and/or its related companies had awarded to Keppel O&M.
Lian Beng (L03): Construction and property development firm Lian Beng Group on Thursday (Jan 12) posted a 48 per cent rise in earnings to S$22 million for the first half ended November.
The increase was largely driven by revenue from its construction segment, which rose 14.1 per cent to S$354 million in H1, from S$310.1 million in the previous year.
The group attributed this to a “general improvement in the level of construction activity” during the period.
Comments