Most Valuable Singapore Stocks of the day

THE following companies saw new developments that may affect trading of their SGX shares on Monday:

TEE International Limited; Advancer Global Limited: Real estate and engineering group TEE International has formed a collaboration with Advancer Global, which comprises a maid agency, a cleaning and stewarding services arm and a security services arm. Advancer Global last traded at S$0.29, and Tee International at S$0.205.

BRC Asia Limited; HG Metal Manufacturing Limited: A private company, Esteel Enterprise, is making a mandatory general offer to acquire the shares it does not already own in mainboard-listed steel prefabrication firm BRC Asia at S$0.925 per share. HG Metal Manufacturing, another mainboard-listed steel distributor which holds about 22.62 per cent of BRC Asia, has also signed a conditional agreement to accept the offer for its entire share, subject to shareholders' approval. BRC Asia last traded at S$0.86, and HG Metal Manufacturing at S$0.58.

Trek 2000 International Limited: Thumb-drive maker Trek 2000 will resume trading today, with some of its senior and former management undertaking to observe a moratorium on trading their shares in the company. The counter will commence trading at 9am, Trek said in a filing with the Singapore Exchange.

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Source - businesstimes.com.sg

SGX Stock Picks News: Keppel Corporation to Strengthen its interest in four Subsidiaries to Revamp Entities

Singapore SGX Stock Picks Update: Keppel Corporation has reported its expectation to solidify its enthusiasm for business trust administration land speculation trust (REIT) administration and reserve administration organizations (by and large "Resource Management") under Keppel Capital Holdings, an entirely possessed backup of Keppel Corporation.

The gathering has four auxiliaries in Asset Management: Keppel Infrastructure Fund, Keppel DC REIT Management, Keppel REIT Management, and Alpha Investment Partners. The gathering trusts that the centralisation of the backing capacities in Keppel Capital would enhance the operational productivity of the elements.

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