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Home Real Estate

Stocks to watch: Keppel, Japfa

by Stephanie Irvin
in Real Estate
Stocks to watch: Keppel, Japfa
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THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 20):

Keppel: The asset manager on Tuesday inked a memorandum of understanding with the Asian Development Bank and Enterprise Singapore to explore US$800 million worth of energy transition and environmental sustainability opportunities in the Asia-Pacific. Shares of Keppel closed S$0.04 or 0.7 per cent higher at S$6 on Monday.

Japfa: The agri-food company on Monday said it will buy back up to 183.3 million shares, or about 9 per cent of its shares in issue, at S$0.355 apiece under an equal access scheme. The offer came as Japfa’s shares were trading below the group’s net asset value of S$0.52 per share, said the company. Shares of Japfa closed 2.9 per cent or S$0.01 lower at S$0.335, before the announcement.

Tags: JapfaKeppelStocksWatch
Stephanie Irvin

Stephanie Irvin

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Japfa to buy back 183.3 million of shares at Salt=

Japfa to buy back 183.3 million of shares at S$0.355 apiece 

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