The following companies saw new developments that may affect trading of their securities on Monday (Jan 29):
Frasers Centrepoint Trust (FCT) private placement to raise S$200 million has closed at an issue price of S$2.18 per new unit, near the middle of the S$2.16-to-S$2.204 range proposed.
The placement was 2.5 times covered with “strong participation” from new and existing institutional, accredited and other investors, the manager said on Friday (Jan 26).
The issue price of S$2.18 represents a 4.7 per cent discount to the volume-weighted average price of S$2.2871 per unit on all trades done on Wednesday (Jan 24), before the placement agreement was signed.
CapitaLand Ascott Trust (CLAS) has reported a 16% y-o-y rise in distribution per stapled security (DPS) of 6.57 cents in FY2023 for the 12 months to end-December 2023.
This is both higher than the 5.67 cents recorded in FY2022 and the 6.4 cents recorded in FY2019, pre-Covid-19. The DPS is also higher than the DPS recorded in FY2018.
DPS for 2HFY2023 was up 14% y-o-y to 3.80 cents and CLAS’ total distribution for 2HFY2023 grew 24% y-o-y to $140.8 million.
FAR East Orchard has announced in a profit guidance that it expects to report a higher profit after tax for its financial year ending Dec 31, 2023, compared with the audited profit after tax for FY2022, it said in a bourse filing on Friday (Jan 26).
The expected higher profit after tax is mainly attributed to fair value gains on investment properties, it added.
The company said that it is still in the process of finalising the valuations on its portfolio of properties and will announce its unaudited FY2023 results on or about Feb 28.
Boustead Singapore has failed to acquire 90 per cent of the non-controlled shares held by Wong Yu Wei, Patricia Huang, Chong Ngien Cheong and public minority shareholders at the final close on Friday (Jan 26).
At the close of the offer, the offeror only received valid acceptances of about 89.36 per cent of the non-controlled shares. Without crossing the 90 per cent threshold, Boustead Singapore is unable exercise its right of compulsory acquisition.
Boustead Singapore had garnered valid acceptances representing about 23.94 per cent of Boustead Projects’ shares at the final close of its exit offer on Friday.
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