UPDATE: Singapore stocks to watch Monday: CDL Hospitality Trusts, Dukang Distillers, Keppel, Procurri

Singapore street scene in Tanjong Pagar neighborhood; taken 31 August 2018.Singapore’s Tanjong Pagar neighborhood.

These are Singapore stocks which may be in focus on Monday 19 November 2018:

Golden Energy

Golden Investments (Australia), which is 51 percent owned by Golden Energy and Resources (GEAR), said on Monday that it would offer to acquire all of Australian-listed Stanmore Coal for 95 Australian cents a share in cash.

Read more: Golden Energy makes 95 Australian-cent a share bid for Stanmore Coal

CDL Hospitality Trusts

CDL Hospitality Trusts said on Friday that it acquired a 95 percent stake in Hotel Cerretani Florence, MGallery by Sofitel, located in Florence, Italy, for 40.6 million euros, or around S$63.6 million, marking its first foray into the Italian market.

Read more: CDL Hospitality Trusts acquires first hotel in Italy for around 41 million euros

Dukang Distillers

Dukang Distillers said on Saturday that it planned to sell its baijiu Chinese spirits business — which its annual report said has an around 2,000 year history — to Keen Wind for 1.11 billion yuan, and acquire Keen Wind’s kiwifruit agriculture business for 1.11 billion yuan.

Read more: Dukang Distillers plans to sell baijiu spirits business and enter kiwifruit farming

Keppel Corp.

Keppel Corp. said on Friday that Keppel FELS entered a settlement agreement with a global oil and gas services company to terminate a contract for integration and commissioning work of a newbuild asset with a value of around S$165 million.

Read more: Keppel enters settlement agreement to terminate integration contract

Procurri

Procurri Corp. said on Sunday that it will buy the 49 percent of U.S.-based joint venture Rockland Congruity it doesn’t already own from Congruity LLC for US$22 million in a bid to strengthen its Lifecycle Services  business.

Read more: Procurri to buy 49 percent of Rockland Congruity it doesn’t already own for US$22 million

Thai Beverage

Thai Beverage said on Friday that ratings agency TRIS Rating announced its rating on the beverage maker was affirmed at AA, which is considered investment grade, with a stable outlook. The TRIS Thailand country rating is at AAA, it noted.

Suntec REIT

Suntec REIT’s manager, ARA Trust Management (Suntec), said on Friday that it has received the relevant approval from authorities to appoint Chong Kee Hiong as CEO and executive director of the manager.

HRnetGroup

HRnetGroup said on Friday that it incorporated HRnet One (Shenzhen), or HRSZ, in Shenzhen, China, with initial share capital of 5 million yuan, for the purpose of management consulting and providing business information.

The company said it was registering for the business scope to expand to include recruitment services.

Maverick Tan, who has been operating as co-owner of HRnetGroup’s HRnet One (Guangzhou) business since 2011, will co-invest and lead HRSZ’s business, it said in a filing to SGX after the market close on Friday.

Noble Group

Putting a period to a long-running restructuring drama, troubled commodity trader Noble Group on Friday requested its shares be suspended from trade. The shares closed at S$0.081 on Friday, a far cry from their height of around S$18.14 touched in early 2011.

This article was originally published on Monday 19 November 2018 at 7:33 A.M. SGT; it has since been updated to include an item on Golden Energy. 

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