Singapore Stocks to Watch: Keppel Corp, Golden Energy and Resources

Tiger Newspress2023-03-06

The following companies saw new developments that may affect trading of their securities on Monday (Mar 6):

Keppel Corp (BN4): Keppel Land and its subsidiary Double Peak Holdings are divesting their 100 per cent stake in Greenfield Development for US$57.4 million in cash.

Greenfield Development wholly owns Straits Greenfield, which has the right to build and operate a hotel in Myanmar.

The consideration of US$57.4 million exceeds Greenfield Development’s net asset value of US$43.9 million as at end-February 2023, saidKeppel Corporation (Keppel Corp) on Monday (Mar 6).

Golden Energy and Resources (AUE): Golden Energy and Resources (Gear) on Friday (Mar 3) said that it is working with its advisors and other parties to satisfy the conditions needed to implement the recent contentious transaction that has thrust the company into the spotlight.

The transaction in question refers to the proposed distribution in-specie of Gear’s stake in Indonesia-listed Golden Energy Mines (Gems), and the subsequent exit offer for Gear at S$0.16 per share.

On Friday, Gear – acknowledging “various media reports and commentaries” on certain aspects of the deal – said none of the conditions of the proposed transaction had been satisfied.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

VivianChua
2023-03-06
VivianChua
Good 👍
MGOH
2023-03-06
MGOH
K
Looyusooi
2023-03-06
Looyusooi
Ok
LimBT
2023-03-06
LimBT
Ok

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Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The following companies saw new developments that may affect trading of their securities on Monday (Mar 6):Keppel Corp (BN4): Keppel Land and its subsidiary Double Peak Holdings are divesting their ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BN4.SI","symbol_name":"吉宝有限公司","start_time":0,"source_url":"","article_id":"1193130592","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193130592","pubTimestamp":1678063453,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"The following companies saw new developments that may affect trading of their 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