THE following companies saw new developments that may affect trading of their securities on Monday (Jul 04):
CAPITALAND Investment Limited on Monday (Jul 4) announced its wholly-owned lodging business unit The Ascott is acquiring serviced apartment provider Oakwood Worldwide from Mapletree Investments.
While the purchase consideration was not disclosed, CLI estimates the transaction will add some 81 properties and about 15,000 units to Ascott’s global portfolio.
AIMS Apac Reit’s manager announced on Monday (Jul 4) in a bourse filing that its plan to acquire the property along 315 Alexandra Road — Sime Darby Business Centre — has fallen through.
Both the purchaser and vendor will not be going through with the deal as “renegotiation of the principal terms and conditions of the acquisition were not concluded”, said the real estate investment trust’s (Reit) manager, hence necessary regulatory approvals were not obtained by the target date of Jul 1.
UNION Gas Holdings has agreed to further extend the maturity date for S$1 million worth of convertible bonds issued by ADERA AI, as the latter is in the process of undergoing a public offering and listing on “certain stock exchanges”.
In a bourse filing late on Friday (Jul 1), Union Gas said the maturity date of the bond has been further extended by 3 months to Sept 30, 2022, but did not indicate which exchange ADERA AI is seeking to list on.
CREATIVE Technology announced Friday (Jul 1) that it expects its revenue for the second half ended June to fall below target to around US$27 million.
The company said H2 FY2022 revenue was negatively impacted by the “uncertain economic conditions resulting from unexpected global events”.
OFFSHORE marine services contractor Kim Heng announced on Friday (Jul 1) that wholly owned subsidiary Adira Renewables has entered into a non-binding memorandum of understanding (MOU) involving offshore windfarm cable laying installation projects.
Under the MOU, the Kim Heng unit will cooperate with Crowley Wind Services on the installation projects across the east coast of the US.
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