Singapore stock watch: Keppel, Yangzijiang, First Reit, OUE Lippo Healthcare, Halcyon Agri

Singapore stock watch: Keppel, Yangzijiang, First Reit, OUE Lippo Healthcare, Halcyon Agri

The Straits Times - Business·2020-09-01 09:28

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Tuesday (Sept 1):

Keppel Corp: Keppel Corp on Monday said its property arm, Keppel Land, has entered into a joint venture with leading Indian developer Emerald Haven Realty, a TVS Group company, to jointly develop a freehold condominium project on a prime 2.4 hectare site in south Chennai, India. On Monday, Keppel's associate company Floatel said a forbearance agreement between itself and an ad-hoc committee of holders of its US$400 million senior secured, first-lien 9 per cent bonds has been extended again, while a payment agreement with its bank lenders has lapsed. Shares of Keppel ended Monday at $4.58, down $0.05 or 1.1 per cent.

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