Stocks to watch: Seatrium, Centurion, Stoneweg Europe Stapled Trust, Ever Glory

The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 15):

Seatrium: The offshore and marine company will continue pursuing green opportunities in Europe and the Asia-Pacific, it told The Business Times on Oct 10. This comes amid the recent termination of a US$475 million wind vessel contract and as Seatrium diversifies away from its core oil and gas portfolio into green growth areas. It is exploring developing infrastructure for floating offshore wind farms, as well as looking into ammonia production platforms and carbon capture retrofits for vessels. The counter ended Tuesday at S$2.12, down by S$0.10 or 4.5 per cent, before the news.

Centurion: The group has acquired a land site in central London for £41 million (S$71 million) via a joint venture (JV) with US-based real estate firm Landmark Properties. Centurion holds a 99 per cent interest in the JV. The site will be used to develop a purpose-built student accommodation, it said on Tuesday. The deal marks Centurion’s entry into London, the sixth city in its UK portfolio. Shares of Centurion ended 2.7 per cent or S$0.04 lower at S$1.42 on Tuesday, before the news.