{"id":60081,"date":"2026-06-12T08:58:04","date_gmt":"2026-06-12T00:58:04","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=60081"},"modified":"2026-06-12T08:58:04","modified_gmt":"2026-06-12T00:58:04","slug":"stocks-to-watch-cdl-singapore-kitchen-equipment","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=60081","title":{"rendered":"Stocks to watch: CDL, Singapore Kitchen Equipment"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div data-testid=\"article-body-container\">\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 12):<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\"> <!-- -->City Developments Ltd (CDL)<!-- --> <!-- -->: A tie-up between City Developments Ltd (CDL) and Hong Realty on Thursday has placed the <a class=\"text-verticals-btblue underline hover:text-blue-500\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.businesstimes.com.sg\/property\/cdl-hong-realty-trump-3-other-bidders-s542-4-million-offer-s1865-psf-ppr-peck-hay-plot\" target=\"_blank\" rel=\"noopener\">top bid of S$542.4 million<\/a> for a 99-year leasehold private housing site in Peck Hay Road, a short walk from Newton MRT interchange station. The top bid works out to S$1,865.15 per square foot per plot ratio. The 80:20 joint venture between CDL and Hong Realty plans to develop a 39-storey residential tower with about 380 units. Shares of CDL on Thursday ended at S$8.23, S$0.04 or 0.5 per cent lower.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\"> <!-- -->Singapore Kitchen Equipment (SKE)<!-- --> <!-- -->: The company has defended its decision to retain chief executive Sally Chua Chwee Choo and senior manager Charlene Koh Sai Eng in their positions despite them being charged with alleged fraud and falsifying of accounts. In response to queries from the Singapore Exchange, SKE said it will update its assessment when there are key developments in the court proceedings, including the conclusion of the judicial process. In the meantime, it has appointed executive director Alan Lee Chong Hoe to take on the CEO\u2019s job in the event that Chua is unable to continue as CEO. Singapore Kitchen shares last closed at S$0.059 before the counter was suspended in August 2021.<\/p>\n<div data-testid=\"article-btg-newsletter-component\" data-section-name=\"newsletter\" data-section-label=\"decoding asia 2\" class=\"track-impression border-t border-gray-175 py-3\">\n<div>\n<p class=\"font-lucida text-xl font-medium italic leading-normal -tracking-5% text-gray-850\">Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span class=\"inline cursor-pointer border-none p-0 font-lucida text-inherit text-xl font-medium italic leading-normal !-tracking-5% text-verticals-btblue !underline outline-none hover:text-blue-500\">Sign up here to get Decoding Asia newsletter.<\/span> Delivered to your inbox. Free.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<center><br \/>\n<br \/><a href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/stocks-watch-cdl-singapore-kitchen-equipment\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><br \/>\n<center\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 12): City Developments Ltd (CDL) : A tie-up&#8230;<\/p>\n","protected":false},"author":1,"featured_media":60082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-60081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/60081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60081"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/60081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/60082"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}