[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 23):
OCBC: The lender has committed more than RM11 billion (S$3.3 billion) in financing to support businesses in the Johor-Singapore Special Economic Zone (JS-SEZ) since 2024, the bank said on Sunday. By end-2025, it expects to provide at least RM3 billion more in financing for real estate, oil and gas, manufacturing and data centres, which will further catalyse economic activities and cross border investments in Johor and the JS-SEZ. The counter finished on Friday 0.6 per cent or S$0.09 lower at S$15.90, before the announcement.
Fu Yu: Four proposed directors have been assessed by an independent party who made no findings against their suitability for the role, the components manufacturer said on Friday. This follows the resignation of three of Fu Yu’s directors on Jun 11, which left the group with only one director on its board. The group added that the proposed candidates are not involved in matters relating to its unit, Fu Yu Supply Chain Solutions, which is under investigation. Fu Yu ended on Friday at S$0.09, down 4.3 per cent.
Keppel infrastructure Trust (KIT): The board of KIT, in its capacity as trustee-manager, has obtained S$25 million in bank facilities, it said on Friday. It will be required to pay all outstanding loans under the facility agreement immediately should it cease to be KIT’s trustee-manager, if its ability to perform payment or material obligations under the agreement are restricted due to matters relating to it or if the replacement or substitute trustee-manager is not appointed according to the KIT trust deed’s terms or applicable law. Units of KIT ended on Friday 1.3 per cent or S$0.005 lower at S$0.39, before the announcement.
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