Singapore Stocks to Watch: Yanlord Land, Aims Apac Reit, Healthway Medical

Tiger Newspress2023-10-11

The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 11):

Yanlord Land Group recorded 26.1 billion yuan (S$4.8 billion) in total contracted presales from residential units, commercial units and car parks for the first nine months of the year. The presales were for a contracted gross floor area of about 1.02 million square metres (sq m) and were 51.7 percent lower than presales for the year ago period, the group said in a bourse filing on Tuesday (Oct 10).

Aims Apac Reit's manager announced that there was a fire at one of its Singapore properties, 61 Yishun Industrial Park A, on Oct 10. The fire broke out at approximately 5:15 p.m. and was brought under control by the Singapore Civil Defence Force by around 6:30 p.m. No casualties were reported and investigation into the cause of the fire is underway.

The closing date for the offer to acquire and delist Healthway Medical has been extended to 5.30pm on Oct 26. As at 6pm on Tuesday (Oct 10), OUE Healthcare and its concert parties had a resultant shareholding of about 65.3 percent of the total number of Healthway Medical shares. The exit offer price remains at 4.8 cents per share and the offeror – OUEH Investments, the special-purpose vehicle incorporated for the purpose of the exit offer – does not intend to revise it “under any circumstances”.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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