Stocks to watch: Seatrium, Keppel DC Reit, Soilbuild Construction

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 22):

Seatrium : The marine engineering company on Wednesday said it has rejected the notice of termination of a US$475 million contract for a wind vessel with a Maersk affiliate. It said the Maersk affiliate was “in repudiatory breach of the contract”. It also sent a notice to the buyer on Monday (Oct 20) that the vessel will be delivered on January 30, 2026, and received a notice of arbitration on Tuesday (Oct 21). Shares of Seatrium closed 1.5 per cent or S$0.03 higher at S$2.09 on Tuesday.

Keppel DC Reit : The manager of the real estate investment trust (Reit) said it has issued about 180.6 million new units at S$2.24 per new unit. The new units will commence trading today. It had previously announced the launch of the preferential offering to raise gross proceeds of about S$404.5 million to help fund the 82.1 billion yen (S$707 million) purchase of Tokyo Data Centre 3. Units of Keppel DC Reit closed 1.3 per cent or S$0.03 higher at S$2.38 on Tuesday.

Soilbuild Construction : The builder said on Tuesday that it is exploring spinning off and listing its precast and prefabrication business on the mainboard of the Singapore Exchange (SGX). The process is still at an early stage and the listing may not occur at all. Details such as the structure, timing and terms of the potential listing are also yet to be determined. Shares of Soilbuild Construction closed 6.7 per cent or S$0.23 higher at S$3.65 on Tuesday, before the announcement.