Singapore shares could slip on Wednesday after Tokyo and Seoul stocks both opened lower, but Keppel Corp, the world’s largest builder of offshore rigs, may rise after announcing it has signed a letter of intent worth US$315 million ($396 million).
Keppel said the deal is for semi-submersible accommodation rigs it will build for Floatel International.
The benchmark Straits Times Index rose 1.49% on Tuesday to 3,018.91 points. Here are some other stocks and factors to watch:
Singapore Exchange said on Wednesday its Co-President Gan Seow Ann has decided to resign after 11 years with the bourse but will stay on as an adviser.
Otto Marine proposed on Wednesday a rights issue to raise around $75.6 million. The firm plans to issue up to 945.21 million shares at $0.08 each, on the basis of one rights share for every two existing shares.
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