Market Trend

Singapore shares opened higher on Wednesday. The $FTSE Singapore Straits Time Index(.STI.SG)$ increased 1.30 per cent to 3,278.07 as at 9.07 am.

Advancers / Decliners is 119 to 48, with 121.17 million securities worth S$137.25 million changing hands.

Breaking News

Keppel consortium takes remaining 50% stake in Cleantech Solar Asia for US$115m

$Keppel Corp(BN4.SG)$: The group is in a consortium to acquire a remaining 50 per cent stake in Cleantech Solar Asia for US$115 million.

In a statement on Tuesday, Keppel said its resultant increased stake in the asset will accelerate the group's plans to grow its renewable business. Its share of the consideration is US$69 million. 

Loh Chin Hua, chief executive of Keppel, said: "The increased stake in Cleantech's solar asset portfolio is testament to Keppel's commitment to grow its renewables business as part of Vision 2030.

Stocks to Watch

$ComfortDelGro(C52.SG)$ : A subsidiary of ComfortDelGro Corporation Australia will acquire certain assets of Rothery's Coaches business in Rockhampton, Queensland for a total consideration of A$6.75 million (S$6.74 million), announced the transport operator on Tuesday. Prior to the news, shares of ComfortDelGro had ended the day 0.7 per cent or S$0.01 lower at S$1.36.

$ABR(533.SG)$ : It has acquired the remaining 20 per cent stake in catering group Chilli Padi Holding for a consideration of S$4.4 million, the food and beverage company announced in a bourse filing on Tuesday. This will make Chilli Padi Holding a wholly-owned subsidiary of ABR, which owns and operates Swensen's in Singapore. Shares of ABR ended Tuesday flat at S$0.445, before the news.

$Azeus(BBW.SG)$ : The information technology solutions and products provider appointed a new chief executive officer (CEO) on Tuesday to take over Lee Wan Lik, who stepped down from the position on the same day. Lee will continue to chair the company's board, while the new CEO Michael Yap will continue serving as deputy chairman of Azeus. Shares of the company ended Tuesday unchanged at S$5.98, after the announcement.

$OxPay Financial(TVV.SG)$ : The Catalist-listed digital payment services player formerly known as MC Payment has lodged a police report against some former employees suspected of wrongdoing over the company's annual general meeting on Apr 28, 2021. Shares of OxPay closed at S$0.15, down 2 per cent or S$0.003, prior to the news on Tuesday.