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Mon, September 21, 2020-9: 19 am
UPDATED Mon, Sep 21, 2020-9: 51 am
THE following companies saw new developments that may affect their stock trading on Monday:
Singapore Airlines (SIA): The local pilots of the national airline will take additional salary cuts to avoid layoffs while it restructures to size its operations. It is understood that 59 pilots with employment passes were informed last Monday that they would be fired. Cadet pilots are also allowed to go. SIA shares closed at S $ 3.50 on Friday, down S $ 0.03 or 0.9%.
Keppel Corp: The conglomerate said on Monday that its asset management arm, Keppel Capital, is partnering with the Korean National Pension Service to explore investment opportunities for private infrastructure in Asia. Shares of Keppel Corp closed at S $ 4.28 on Friday, up S $ 0.08 or 1.9%.
Centurion Corp: The worker and student housing provider said Monday it plans to exchange all outstanding S $ 60 million notes due 2022 for a similar principal amount of new 3.5-year fixed rate notes due 2024. In addition, You are inviting note holders to sell existing notes returned to the company in cash. Centurion shares fell 0.5 Singapore cents or 1.5 percent to end Friday at 34 cents.
Ascendas Real Estate Investment Trust (Ascendas Reit): Reit commercial and industrial space is acquiring a suburban office building in Sydney for A $ 167.2 million (S $ 161 million) from Frasers Property Industrial and Winten Property Group. Ascendas Reit units closed unchanged at S $ 3.28 on Friday, prior to this announcement.
First repeat: His manager said Sunday that he received a non-binding proposal regarding a rental restructuring proposal from former parent company Lippo Karawaci. Units of First Reit were trading at 47 Singapore cents on Monday at 9:30 a.m. M., An increase of 1.5 cents or 3.3 percent.
iX Biopharma: The Catalist-listed firm received a patent in Israel for its WaferiX drug delivery technology, it said in an exchange filing on Monday. IX Biopharma shares closed unchanged at S $ 0.22 on Friday.
CapitaLand Business Trust (CCT), CapitaLand Mall Trust (CMT): CCT Managing Director Kevin Chee told The Business Times that the proposed merger with CMT is “a strategic merger of equals” and not an acquisition. CCT units closed at S $ 1.74 on Friday, a fall of S $ 0.01 or 0.6 percent, while CMT units closed at S $ 2.03, a drop of $ 0.02. Singaporeans or 1%.
Raffle Education: The private education provider said on Saturday that the requisition notice from substantial shareholder Oei Hong Leong, the Oei Hong Leong Museum of Art and Indian educational technology entrepreneur Shantanu Prakash to hold an extraordinary general meeting is without merit. The counter closed at 18.1 Singapore cents on Friday, an increase of 0.1 cent or 0.6 percent.
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