THE following companies saw new developments that may affect trading of their securities on Thursday:
Singapore Airlines : The flag carrier on Wednesday flew the first of its six SilkAir Boeing 737 MAX planes back to Changi Airport. The milestone, announced on Wednesday, indicates that these planes could return to commercial use in the near future after being grounded since March last year.
DBS, Keppel Corporation: KrisEnergy has extended the maturity of its revolving credit facility from DBS to June 30, 2021. In conjunction with this, Keppel and the bank have extended their bilateral contract, under which Keppel holds the key economic risk in the RCF, for the same period. Keppel said this is meant to support efforts by KrisEnergy's management to effect a consensual debt restructuring plan. At Wednesday's close, before the announcements, shares of Keppel rose S$0.04 or 0.
Boustead Singapore, Chip Eng Seng Corp: Engineering services group Boustead Singapore said on Wednesday night that it has sold its wholly-owned water solutions unit to Chip Eng Seng for about S$7.3 million. Shares of Chip Eng Seng, which has businesses in civil infrastructure and construction, closed flat at S$0.43, while Boustead Singapore finished 0.6 per cent or 0.5 Singapore cent higher at 80.5 cents.
City Developments Limited : The property giant has obtained a five-year S$470 million green revolving credit facility to refinance its flagship Republic Plaza commercial property and on-lending to other eligible green projects. CDL shares ended S$0.03 or 0.4 per cent higher to close at S$8.06 on Wednesday after the announcement.