Monday, November 19, 2012
9:53 AM Admin
SINGAPORE STOCKS TO WATCH
SEMBCORP MARINE LTD
Oil rig builder Sembcorp Marine said its unit, Jurong Shipyard, and Oslo-listed Prosafe SE had finalized a contract to build an accommodation semi-submersible rig worth $295.2 million. Pro-safe has options for three more units.
Palm oil firm Golden Agri-Resources said it had issued 1.5 billion ringgit ($488.4 million) worth of Islamic medium term notes. The notes will mature in 2017 and have a rate of 4.35 percent per year.
FRASER AND NEAVE LTD
Fraser and Neave (F&N) said on Friday it would distribute gains from the sale of Tiger Beer maker Asia Pacific Breweries to shareholders only after the Singapore property and drinks conglomerate is no longer the subject of a takeover offer.
A group led by Singapore property firm Overseas Union Enterprise Ltd launched a S$13.1 billion ($10.7 billion) bid for F&N last week, challenging a takeover offer for the conglomerate from Thailand's third-richest man.