Aug 22: F&N, Vard

Shares in Singapore ended 0.63% lower in cautious trade on Wednesday ahead of the release of minutes from the US Federal Reserve's policy meeting. The Straits Times Index fell 19.76 points to end at 3,108.99. Here are some stocks and market-related news which could impact the local market this Thursday morning:

Soft drinks and property firm Fraser and Neave said it has received proposals from investment banks in relation to a hospitality real estate investment trust. F&N, which is controlled by companies linked to Thai billionaire Charoen Sirivadhanabhakdi, said its considerations are at a preliminary stage and no decision has been made as to whether such a transaction will proceed or on the assets to be included.

Vard Holdings said it has secured a contract for one offshore subsea construction vessel