Tuesday, April 2, 2013

April 2: CapitaLand, SPH, China Aviation Oil

Singapore share prices ended flat on Monday, as a holiday mood prevailed in much of the region. The blue-chip Straits Times Index (STI) fell 0.52 point to 3,307.58. Here are some stocks to watch this Tuesday morning:

Property developer CapitaLand said it will restructure its 40% owned Surbana Corp's residential development segment and consultancy segment into two businesses. Singapore state investor Temasek Holdings will maintain its 60%  stake in the two businesses.

Singapore media and property firm SPH has agreed to buy online car portal sgCarMart for $60 million.

China Aviation Oil
, Asia's largest jet fuel trader, said it started commercial operations on Monday of a joint-venture oil storage terminal in South Korea with a capacity of 1.3 million cubic metres.

Offshore marine firm Otto Marine has sold a vessel to RY Offshore for US$50 million ($62 million), which will be chartered to its subsidiary Go Marine Group.

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