THE following companies saw new developments that may affect trading of their securities on Monday (Apr 4):
CAPITALAND Development (CLD), the development arm of CapitaLand Group, has won the bids for 2 prime residential sites in China for a total price of 3.5 billion yuan (S$748 million).
AS retail sentiments improve, SPH Real Estate Investment Trust (Reit) on Friday (Apr 1) posted a distribution per unit (DPU) of 1.44 Singapore cents for the fiscal second quarter ended Feb 28, 2022, bringing total distributions for the first half of the year to 2.68 cents.
CUSCADEN Peak's bid to acquire Singapore Press Holdings (SPH) via a scheme of arrangement was sanctioned in court on Friday (Apr 1).The last day of trading for SPH will be Apr 7, before the group's shares are suspended from 9 am the following day and subsequently delisted on May 13.
THE trustee and the property manager of Ara Logos Logistics Trust (ALog Trust)ARA LOGOS Log have received a writ of summons for a claim amounting to about S$8 million, plus interest and costs.
SINGAPORE'S Central Business District (CBD) saw Grade A office rents record the fastest quarterly growth since rents turned around in Q2 2021, according to JLL Singapore in a recent report.Listed on SGX are 5 S-Reits with Singapore office properties in their portfolios. They are, Keppel Reit which is a pure-play office S-Reit, and diversified S-Reits CapitaLand Integrated Commercial Trust (CICT),CapLand IntCom,Suntec Reit, Mapletree Commercial Trust (MCT), Mapletree Com and OUE Commercial Reit (OUE C-Reit).OUE Com Keppel Reit in FY21 had a tenant retention rate of 62 percent and noted that a majority of new and expansion leases were in Singapore.
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