Stocks to watch: Centurion, Far East Group

[SINGAPORE] The following companies saw developments that may affect the trading of their securities on Thursday (Jun 18):

Centurion : The group on Wednesday said it has acquired 25 per cent equity interest in a purpose-built student accommodation (PBSA) development in Perth for A$250,000 (S$225,475). This is the company’s second investment in the city, after buying a stake in a 472-bed Stirling Highway PBSA development last December. The remaining 75 per cent share of the property is held by Centurion Properties Australia Investments, a wholly owned subsidiary of the group’s controlling shareholder. The counter ended Wednesday 1.3 per cent or S$0.002 higher at S$1.51, before the news.

Far East Group : The company on Thursday said it acquired 705,000 shares in Eden Refrigeration Manufacturing (Jiangsu) (ERM), which represents about 7.1 per cent of the total issued and paid-up share capital of ERM. Once this move is completed, this will see the group holding a 91.3 per cent equity interest in ERM. Shares of Far East Group ended flat at S$0.11, before the announcement.