Stocks to watch: Jardine C&C, Keppel Corp, Keppel DC Reit, Kimly, Shinvest, Trendlines

SINGAPORE - The following companies saw new developments that may affect trading of their securities on Wednesday :

Keppel Corporation: Its seven-year $200 million notes will bear interest at a fixed rate of 3 per cent per annum, Keppel Corp said on Tuesday after trading hours. Net proceeds from the issuance will be used for general corporate or working capital purposes. OCBC is the sole dealer of the notes. They are expected to be issued on or about Oct 1 and are likely to be listed on the Singapore Exchange on or around the following business day. Keppel Corp shares closed at $6.

Kimly: The Catalist-listed firm said on Tuesday evening that it plans to buy a coffeeshop property in north-west Singapore for $14 million. Kimly's wholly-owned subsidiary has acquired all shares in Teck Whye 143 Food House for $10,000 in cash. TW143 had, in January, exercised an option to purchase the property at 143 Teck Whye Lane for $14 million. Shares of Kimly closed at 22.5 cents on Tuesday, up 0.5 cent or 2.27 per cent, before the announcement.

The Trendlines Group: The Catalist-listed startup incubator has received conditional commitments of up to US$22 million for its new Singapore-based venture fund from investors, including Temasek Holdings, it announced on Tuesday evening. The fund will set up its Asia-Pacific headquarters in Singapore and invest in new, innovation-based agrifood tech companies in Singapore as well as foreign agrifood firms. Shares of The Trendlines Group closed flat at 7.

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