OCBC, Great Eastern, UE, Rowsley, TTJ, ISR

SINGAPORE (Sept 27): Here are some stocks that could move the market this Tuesday morning:

OCBC and insurance arm Great Eastern Holdings are reviewing strategic options with respect to their combined stake in United Engineers. Bloomberg had earlier reported that the two companies were in talks about selling their stake in the property and construction company. OCBC and Great Eastern and the bank’s founding Lee family own more than 30% of UE. Under SGX rules, buying such a stake would trigger a mandatory takeover offer for UE, which has a US$1.1 billion ($1.5 billion) market value. Shares for OCBC closed down 0.12% at $8.54, while Great Eastern closed down 0.10% at $20.50 and UE closed flat at $2.41.

Rowsley has formed a partnership with UK’s National Football Museum to boost its strategy to operate more football-themed cafes and hotels. Rowsley’s 75% subsidiary, GG Collections, has also entered into a deal with the National Football Museum to loan its collection of football memorabilia including boots, balls and programmes to Hotel Football and Café Football. Hotel Football and Café Football will also have access to various interactive games and experiences set up by the Museum. Shares of Rowsley closed 1.7% higher at 12 cents.

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