Singapore shares are likely to open down on Wednesday after US stocks closed lower on disappointment that the Federal Reserve gave no hints of new stimulus measures to offset the effects of the worsening European debt crisis.
Singapore’s benchmark Straits Times Index fell 0.59% last night to 2,685.74 points. Here are some stocks and factors to watch, reported Reuters:
Property developer Keppel Land said on Wednesday its subsidiary had been allotted 539,375,872 rights units in K-REIT Asia at $0.85 each. Keppel Land is now deemed to hold around 46.51% of the total number of issued units in K-REIT Asia.
Otto Marine, which builds offshore support vessels and provides ship chartering and offshore services, said on Tuesday it had chartered two vessels to Go Marine Group. Go Marine also has options to buy the vessels.
Real estate investment trust CapitaCommercial Trust said on Tuesday it had secured committed facilities for the refinancing of a $570 million term loan due in March 2012.
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