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Thursday, December 24, 2020 – 8:52 am
THE following companies saw new developments that may affect their securities trading on Thursday:
Ascendas Real Estate Investment Trust (Ascendas Reit): The manager is proposing to acquire a new logistics property in Brisbane for A $ 70.3 million (S $ 70.9 million). The property will be developed at 500 Green Road, Crestmead. Ascendas Reit units closed unchanged at S $ 2.95 on Wednesday, ahead of the announcement.
Keppel Corporation: The conglomerate said Thursday that Keppel Land is selling its 100 percent stake in First King Properties, which owns an office building in London, for some £ 73.6 million (S $ 131.1 million). Shares of Keppel Corp closed at S $ 5.37 on Wednesday, up S $ 0.07 or 1.3 percent.
CLAUSE: The ground and catering handler listed on the motherboard has increased its internal production of dry ice to 4.5 tons per day and has built the capacity and capacities of its 8,000 square meter Coolport to handle perishable goods such as vaccines. It won’t be affected by any price increases on dry ice or freezers, he said. Shares of SATS closed at S $ 3.99 on Wednesday, up S $ 0.05 or 1.3%.
ARA Logos Logistics Trust: It has launched a preferential offer to raise gross proceeds of around S $ 50 million, which will be used to partially finance its proposed acquisition of five logistics properties in Australia and investments in two of the sponsor’s funds. On Wednesday night, the manager asked to lift a suspension of operations called in the morning. The counter last traded at 60.5 Singapore cents on Tuesday.
AMTD International: The investment banking firm, which is publicly traded in New York and Singapore, has promoted William Fung to CEO, replacing Calvin Choi. Two of its independent directors have also been appointed Chairman and Vice Chairman. AMTD International’s shares on the Singapore Stock Exchange ended at S $ 17 on Wednesday, an increase of S $ 0.50 or 3 percent.
The Singapore Stock Exchange will close at 12pm on Thursday and throughout Friday for the Christmas holidays.
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