Good morning moomooers! Here are things you need to know about today's Singapore:

• Singapore stocks rose in early trade on Tuesday morning

• OCBC, DBS rev up green car loan competition

• Koh Brothers Eco Engineering to get new substantial investor Penta-Ocean

• Singapore O&G independent director to retire

• Penguin's acquisition offeror garners about 59.71% of shares

• Stocks to watch: GL, Penguin, Singapore O&G, Koh Brothers

-Moomoo News SG

Market Trend

Singapore stocks rose in early trade on Tuesday morning, shadowing a record close on Wall Street the day before.

The Straits Times Index (STI) rose 0.2 percent or 6.97 points to 3,112.97 as at 9.03 am. Gainers outnumbered losers 104 to 35 after 79.5 million securities worth S$66.4 million changed hands.

Breaking News

OCBC, DBS rev up green car loan competition

DBS and OCBC are racing to take a share of the green-car loan market.

OCBC has pushed out an Eco-Care car loan package at a preferential pricing of 1.68 per cent per annum for the purchase of electric vehicles (EVs), it said on Monday. 

It joins DBS which had said it would from this month likewise offer loans at the rate of 1.68 per cent per annum to all customers purchasing new and used electric and hybrid vehicles.

Koh Brothers Eco Engineering to get new substantial investor Penta-Ocean

Penta-Ocean Construction will be buying 810 million new ordinary shares of $Koh Eco(5HV.SG)$ at S$0.047 per share, in a move for the sustainable-engineering solutions provider to strengthen its financial position to bid for higher value and more capital-intensive projects.

Singapore O&G independent director to retire

An independent director at $Singapore O&G(1D8.SG)$ will retire at its upcoming annual general meeting (AGM).

Chan Heng Toong will not seek re-election at the April 23 AGM, to "enable younger independent directors to come in to rejuvenate the board" and to focus on his personal commitments, Singapore O&G said in a regulatory statement on Monday.

Penguin's acquisition offeror garners about 59.71% of shares

The offeror for Penguin International has garnered about 59.71 per cent of the shares in the builder and operator of aluminium high-speed craft, as at Monday evening.

Stocks to watch

$GL(B16.SG)$: The offerer, Guoco Group, has raised its offer price to take GL private by 14.3 per cent or S$0.10 to S$0.80 per offer share, from S$0.70 previously. GL said on Monday that the final price will not be increased "under any circumstances whatsoever". GL shares closed at 80 Singapore cents on Monday, up 10.4 per cent or 7.5 cents.

$Penguin Intl(BTM.SG)$: The offeror for Penguin International, Emet Grace, has garnered about 59.71 per cent of shares in the builder and operator of aluminium high-speed craft as at Monday evening. Emet Grace intends to delist the stock from the Singapore Exchange's mainboard should the shareholding be above 90 per cent of Penguin. The counter closed unchanged at S$0.65 on Monday.

$Singapore O&G(1D8.SG)$: Independent director Chan Heng Toong will not seek re-election at the April 23 annual general meeting, to "enable younger independent directors to come in to rejuvenate the board", and to focus on his personal commitments, said Singapore O&G on Monday. Mr Chan, 71, is the chairman of the nominating committee, and a member of the audit committee and remuneration committee. The counter closed flat at S$0.26 on Monday.

$Koh Eco(5HV.SG)$: The engineering company said on Monday that its new investor, Penta-Ocean Construction, will be buying 810 million of its new ordinary sharesat 4.7 Singapore cents per share. The net proceeds will amount to about S$36.9 million, which will be used to strengthen Koh Brothers Eco Engineering's financial position. Koh Brothers shares closed flat at 15.6 Singapore cents; Koh Brothers Eco Engineering shares were unchanged at 3.6 cents last Friday, as both counters halted trading on Monday. The suspension was lifted post announcement.