Stocks to watch: Hatten Land, Aspen, RH Petrogas, Darco Water

Michelle Zhu

Published Thu, Oct 7, 2021 · 08:31 AM

THE following companies saw new developments that may affect trading of their securities on Thursday:

Hatten Land: PH0 : PH0 0% The property developer on Thursday announced that its subsidiary Hatten Technology has signed an agreement with EnjinStarter to develop a token system and non-fungible tokens in Melaka. The tokens can be exchanged or connected with the current loyalty point system of its malls and hotels, as well as of other participating hotels, attractions, malls and shops. Shares of Hatten Land closed at 6.5 Singapore cents on Wednesday, up 0.4 cent or 6.6 per cent.

Aspen Holdings: 1F3 Its subsidiary Aspen Vision Land, and three other subsidiaries, have entered into composite agreements with the director-general of the Inland Revenue Board of Malaysia for a sum of RM56.4 million (S$18.3 million) as "full and final global settlement of all potential additional tax claim for the year of assessment 2014 to 2020". Shares of Aspen closed 0.9 Singapore cent or 5.8 per cent higher at 16.4 cents on Wednesday, before this was announced.

RH Petrogas: T13 It has entered into a conditional capitalisation deed for the company to allot and issue 90 million new shares at 17.2 Singapore cents apiece to a company, Surreyville. This would be in full repayment and discharge of the sum of S$15.48 million, being a significant portion of the interest-free shareholder loans owed by the company to Surreyville. RH Petrogas shares rose 0.4 Singapore cent or 2.3 per cent to close Wednesday at 17.6 cents, before the announcement.

Darco Water Technologies: BLR The group on Wednesday said it received a deposit refund of 6 million yuan (S$1.3 million) following its issuance of a notice of rejection in relation to the Gaoyi domestic wastewater treatment project. Prior to the announcement, Darco shares ended unchanged at 17.1 Singapore cents.