Stocks to watch: Keppel Corp, Cromwell E-Reit, Straits Trading, Del Monte

Keppel Corp:via subsidiary Keppel LandChina for the Phase 1 development of Seasons City in the Sino-Singapore Tianjin Eco-City. The green loan, disbursed by HSBC Group China, amounts to 850 million yuan and will be on a five-year term. This is also the first green loan granted by the HSBC Group China for the development of a property project in mainland China, Keppel announced in a bourse filing on Thursday. Shares of Keppel Corp closed on Thursday at S$6.57, up six cents.

, financed with a mix of debt and equity through a private placement. The six acquisitions are expected to increase the Reit’s distribution per unit and strengthen its portfolio, said the Reit’s manager on Friday morning before the market opened. The manager intends to draw down loans from new debt facilities that are currently being established, to fund the acquisitions. It will also issue new Cromwell E-Reit units via a private placement to raise gross proceeds of at least 100 million euros. The placement may be upsized by up to 50 million in gross proceeds. The manager on Friday morning requested for a trading halt for Cromwell E-Reit, pending the release of these announcements. Units in Cromwell E-Reit last traded at 50.

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