Singapore Stocks to watch: Ascott Residence Trust, Enviro-Hub, Darco Water

businesstimes2022-03-09

THE following companies saw new developments that may affect the trading of their securities on Wednesday (Mar 9):Ascott Residence Trust (ART): (HMN): The stapled group is acquiring 4 rental housing ...

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Comments

JimmyChua
2022-04-12
JimmyChua
Good
VL505
2022-03-09
VL505
Yes, Ascott
VivianChua
2022-03-09
VivianChua
🚀🚀🚀
JLKang
2022-03-09
JLKang
Nothing much
Adenphua
2022-03-09
Adenphua
shengsiong HAHAHA
Kanyon
2022-03-09
Kanyon
Ok

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The transaction is expected to be yield-accretive and increase ART's pro-forma FY2021 distribution per stapled security by about 1.7 percent, said its managers on Wednesday. Stapled securities of ART ended Tuesday flat at S$1.03.Enviro-Hub Holdings: (L23) The mainboard-listed group said on Tuesday that it has appointed former Member of Parliament Teo Ho Pin as an independent non-executive director of the company. Enviro-Hub shares closed at S$0.067 on Tuesday, down S$0.003 or 4.3 percent, before the announcement.Darco Water Technologies: (BLR) The Singapore High Court on Tuesday dismissed a claim by the company against its former chief executive Thye Kim Meng, in relation to 2 projects in Vietnam. Darco Water had alleged that Thye had breached duties owed to the company in managing the 2 projects, and sought claims of US$1.6 million. However, Thye denied that he was in breach of his duties. 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