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Tue, October 20, 2020 – 8:40 am
THE following companies saw new developments that may affect their stock trading on Tuesday:
IReit Global: The Europe-focused real estate investment trust (Reit) has raised some S $ 142.8 million from an issue of underwritten rights on the basis of 454 units per 1,000 units held, at an issue price of S $ 0.49 each. IReit units closed unchanged at S $ 0.61 on Monday, ahead of the announcement.
Suntec Real Estate Investment Trust (Suntec Reit): Reit’s trustee has priced S $ 200 million in perpetual securities at 3.8 percent, Reit’s manager said in a stock presentation. Units of Suntec Reit closed up 1.4 percent or S $ 0.02 to S $ 1.45 on Monday before the announcement.
Cromwell European Real Estate Investment Trust (Cromwell E-Reit): Reit’s subsidiary has established a 1.5 billion euro (2.4 billion Singapore dollar) medium-term note program and has underwritten a 135 million euro unsecured revolving credit facility, its manager said on Tuesday. Units of Cromwell E-Reit closed at 47 cents on Monday, down 0.5 cents or 1.1 percent.
Sabana Reit: Its trustee HSBC Institutional Trust Services (Singapore) chimed in to say that nothing suggests that Sabana’s manager has failed or failed to comply with the relevant provisions of the trust deed with respect to the proposed merger of Sabana Reit and ESR-Reit. Its units closed unchanged at S $ 0.36 on Monday, before the announcement.
Walk in Keppel: Reit’s manager announced Monday that its distributable income from operations was S $ 47.6 million for the third quarter, up 4.6 percent year-on-year. Keppel Reit units were flat at S $ 1.06 on Monday, before results were announced.
KTMG: The Catalist-listed company announced on Monday the launch of its business-to-consumer brand XCF, as it expands its manufacturing to personal protective equipment. Its shares closed unchanged at S $ 0.20 on Monday, before the announcement.
Trading stops: The manager of the Mapletree Logistics Trust (MLT) announced on Monday that it seeks to acquire nine logistics properties in China, Malaysia and Vietnam, as well as the remaining 50% stake in 15 properties in China for a total of S $ 1.09 billion. MLT units closed up $ 0.01 or 0.5 percent at $ 2.08 on Monday before the announcement. MLT called for a ceasefire Tuesday morning.
Separately, Reenova Investment Holding, which is listed on the watch list, requested a halt to operations on Tuesday morning. Its shares closed unchanged at 0.3 Singapore cents on Monday.
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