Home THE DAILY EDGE Business Jun 19: Sembcorp, CapitaLand, Keppel Land
Jun 19: Sembcorp, CapitaLand, Keppel Land PDF
Written by The Edge   
Wednesday, 19 June 2013 08:57
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Shares in Singapore closed higher on Tuesday for the third consecutive session. The Straits Times Index gained 46.11 points, or 1.45%, to end at 3,229.55. Here are some stocks to watch this Friday morning:

Sembcorp Industries says HSBC Holdings has been appointed to manage a public share offer of a joint venture firm that owns and operates a $1 billion water and power project in Oman, two banking sources said on Tuesday.

Singapore property developer CapitaLand said it has acquired a 70% stake in Guang Chuan Property Co. for 1.95 billion yuan ($397.5 million). The Chinese company owns two plots of land in Hanzhonglu, Zhabei District, Shanghai.

Keppel Land said it has acquired a residential site in Shanghai's Sheshan area for 1.3 billion yuan ($268 million) to develop around 200 landed homes.