The following companies saw new developments that may affect the trading of their securities on Tuesday (Jan 02):
DBS said that it will acquire Shenzhen Huaqiang Asset Management’s stake of 383.6 million SCRB shares for 5.25 yuan (S$0.98) per share. This is equivalent to 1.05 times of the book value per share for the latest available quarter, with the total consideration of two billion yuan.
Keppel has delivered total shareholder returns of 61.1 percent for 2023, on the back of the company’s overhaul to be a global asset manager and operator that is more dynamic and asset-light in nature, said chief executive Loh Chin Hua in a New Year message to employees.
Seatrium will construct and integrate the hull, topsides and living quarters of Shell’s Sparta semi-submersible Floating Production Unit (FPU), which is designed to produce 90,000 barrels of oil equivalent per day, said the engineering solution provider.
Daiwa House Logistics Trust (DHLT) has acquired a logistics asset in Vietnam for S$26.5 million from its sponsor, Daiwa House Industry. The announcement was made on Dec 29, and is the real estate investment trust’s (Reit) first such deal outside of Japan.
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