Stocks to watch: Keppel, Keppel Reit, CLI, Mapletree Pan Asia Commercial Trust, Ultragreen.ai

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 11):

Keppel : The asset manager said on Wednesday that three of its wholly owned subsidiaries – Keppel Enterprise FinHub, Keppel Enterprise Services, and Keppel People Services – have been placed under members’ voluntary liquidation. It added that the liquidation of the subsidiaries is not expected to have any material impact on the net tangible assets or earnings per share of the company for the financial year ending Dec 31. The counter ended Wednesday 0.4 per cent or S$0.04 lower at S$10.11.

CapitaLand Investment (CLI) : CLI has closed its second onshore sub-fund, China Retail RMB Fund I (CRF I), under the CLI RMB Master Fund, and secured a total fund size of one billion yuan (S$183 million). It announced plans to recapitalise CapitaMall Xinduxin to realise value through its sale as the seed asset to the sub-fund. Shares of CLI closed flat at S$2.59 on Wednesday, before the news.