The following companies saw new developments that may affect trading of their securities on Monday (Mar 27):
Keppel Corporation : The group’s Philippines-listed subsidiary will divest a remaining 50 per cent stake in The Podium West Tower and The Podium Mall in the Philippines for around 8 billion pesos (S$195 million). The buyer is BDO Unibank, which holds the other 50 per cent, said the group on Monday. Keppel shares closed Friday 1.1 per cent or S$0.06 lower at S$5.40.
Sembcorp Marine’s share price fell by 8.0% to close at S$0.104 on Friday 24th March. The share price decline came after thecompany announced that its subsidiary Estaleiro Jurong Aracruz (EJA) is under investigation for “alleged irregularities”.
According to Sembcorp Marine, the Office of the Comptroller General of Brazil (CGU) has initiated a preliminary administrative liability proceeding against its subsidiary Estaleiro Jurong Aracruz (EJA).
The CGU is Brazil’s anti-corruption agency “responsible for defending public assets” and “acts to prevent, detect and punish cases of corruption”
The Vietnam Singapore Industrial Park (VSIP), a joint venture between Sembcorp Industries and Vietnam’s Becamex IDC Corp, will work on feasibility studies for smart and sustainable industrial parks in nine Vietnamese provinces.
VSIP signed a memorandum of understanding (MOU) with province leaders at a ceremony in Binh Duong Province on Saturday (March 26).
Rex International Holding announced on March 24 that there were some discrepancies between is unaudited condensed interim financial statement and audited financial statement for the 12 months to Dec 31, 2022.
The material variances between the Group’s audited financial statements and the unaudited financial statements were due to the completion of the purchase price allocation for the acquisition of the Yme Field in Norway.
Projects that are feasible will progress to a cooperation agreement, and are subject to the award of the investment registration certificate from the central government, said Sembcorp.