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Stocks to watch: Sembcorp Industries, Keppel Reit

Stocks to watch: Sembcorp Industries, Keppel Reit

By Kim Browne

Culture

The following companies saw new developments that may affect trading of their securities on Friday (Dec 26):

Sembcorp Industries: Sembcorp Green Infra, an Indian unit of Sembcorp Industries, on Friday completed the acquisition of a 100 per cent stake in solar power company ReNew Sun Bright for about S$246 million. ReNew owns and operates a 300 megawatt solar power project in Rajasthan, India. Shares of Sembcorp Industries rose 0.2 per cent or S$0.01 to close at S$6 on Wednesday.

Keppel Reit: The manager of the real estate investment trust (Reit) on Wednesday said a wholly owned Keppel Reit financial unit has obtained three bridge loan facilities. The loan facilities total about S$892 million and are each guaranteed by HSBC Institutional Trust Services (Singapore). Units of the Reit rose 0.5 per cent or S$0.005 to close at S$0.975 on Wednesday.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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