Stocks to watch: Keppel, Wing Tai, Cosco Shipping, Manulife US Reit, Ley Choon, HPL

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 18):

Keppel : An individual who attempted to claim ownership of land in Jakarta owned by the group’s subsidiary Kepland Investama is appealing the Indonesian court’s dismissal of his 2.28 trillion rupiah (S$186.3 million) claim in February. Keppel on Wednesday said it does not expect the appeal to have a material impact on its operations and the overall financial performance. The counter closed 3.7 per cent or S$0.45 higher at S$12.76 before the news.

Wing Tai : Its wholly owned subsidiary bought a freehold land parcel in Kuala Lumpur for RM45 million (S$14.7 million). The 11,092 square metre site near the Mont Kiara area will be developed into a residential project, the real estate group said on Wednesday. Wing Tai shares closed 1.2 per cent or S$0.02 higher at S$1.65 before the news.