Stocks to watch: Keppel, Keppel DC Reit, Oiltek, mm2 Asia

The following companies saw new developments that may affect trading of their securities on Thursday (Sep 4):

Keppel, Keppel DC Reit: The manager of Keppel DC Reit announced on Wednesday its acquisition of the remaining stake in two data centres from its sponsor Keppel, for a consideration of up to S$8.4 million. This gives the real estate investment trust full ownership of Memphis 1, the entity holding the two artificial intelligence-ready hyperscale data centres in Singapore. Units of Keppel DC Reit closed at S$2.32 on Wednesday, down 1.3 per cent or S$0.03, before the announcement; shares of Keppel closed 0.7 per cent or S$0.06 lower at S$8.64.

Oiltek: Its ongoing projects in Indonesia are not affected by the current unrest in the country, the group said in a Thursday bourse filing. The projects are not located near the major city centres where the demonstrations are taking place, it added. Shares of Oiltek finished Wednesday 2.1 per cent or S$0.02 higher at S$0.975.

mm2 Asia: Core businesses and continuing operations are not expected to be adversely hit by the voluntary liquidation of Cathay Cineplexes, the group said in a Wednesday bourse filing. This was in response to queries from the Singapore Exchange. In a separate filing, mm2 Asia said that units of its associated company mm Connect, mm2 Star Screen and mm2 Screen Management, received payment demands from solicitors representing The Walt Disney Company (Malaysia) and The Walt Disney Company (Southeast Asia). Shares of mm2 Asia closed flat at S$0.003, before the news.

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