THE following companies saw new developments that may affect trading of their securities on Thursday (Apr 21):
Sabana Reit: The manager of Sabana Industrial Reit (Sabana Reit) and activist investor Quarz Capital Management have been working hard to win over investors ahead of what is likely to be a contentious annual general meeting (AGM) on Apr 26.
Quarz is rallying unitholders of Sabana Reit to withhold their endorsement of former Credit Suisse trader Chan Wai Kheong as an independent director; refuse its manager the mandate to issue new units; and put a stop to its distribution reinvestment plan (DRP).
Mapletree Commercial Trust: Mapletree Commercial Trust (MCT) : N2IU 0% on Wednesday (Apr 20) reported a 3.4 per cent decline in distribution per unit (DPU) to S$0.0514 for the half-year ended Mar 31, down from S$0.0532 a year earlier.
Gross revenue was down 1.8 per cent to S$255.8 million for the half-year period, from S$260.3 million the year prior.
Keppel Reit: Keppel real estate investment trust (Reit) posted a 4.3 per cent increase in its first-quarter distributable income from operations to S$53.8 million, from S$51.6 million a year earlier.
In its Q1 business update on Wednesday (Apr 20), the Reit's manager attributed the increase in distributable income mainly to the acquisition of Keppel Bay Tower in May last year.
Singtel: Mainboard-Listed telco Singtel : Z74 0%said on Wednesday (Apr 20) that it has successfully priced its first digital sustainability-linked bond in partnership with UOB and private markets platform ADDX.
The US$100 million 5-year digital sustainability-linked bond (SLB) will be drawn down under Singtel Group Treasury’s existing S$10 billion Euro Medium Term Note Programme and is guaranteed by Singtel. The SLB will carry a US dollar fixed coupon rate of 3.56 per cent per annum and mature on Apr 27, 2027.