Oxley, Lian Beng, Hour Glass, ISDN, Stamford Land, BBR, Accordia

SINGAPORE (May 26): Here are some stocks to watch this Friday morning:

A consortium led by Oxley and Lian Beng has won the tender for the collective purchase of the property known as Rio Casa for $575 million. Located at Hougang Avenue 7, the tender was submitted by Oxley-Lian Beng Venture. Oxley-Lian Beng Venture is 35% owed by Oxley, 35% owned by KSH Development, 20% owned by Lian Beng and 10% owned by Apricot Capital. Shares of Oxley and Lian Beng closed at 54 cents and 60 cents respectively on Thursday.

See: Oxley Lian Beng-led consortium wins Rio Casa tender at $575 mil

---

Related Stories

• Stamford Land FY2024 earnings shrink 96.1% y-o-y on absence of divestment gains
• Stamford Land registered earnings of $152.4 mil for FY2023; reports $218.6 mil gain on disposal
• New contract brings Lian Beng's order book to $2.1 billion

---