The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 2):
Manulife US REIT’s (MUST) portfolio occupancy slipped further to 88.1% as of Oct 18, extending a decline from 90.0% as at end-June and 91.7% as at end-March.
This was largely due to law firm Quinn Emanuel’s downsizing of some 71,000 sq ft at Figueroa in Downtown Los Angeles effective Aug 31, says the REIT at the release of its results for 3QFY20222 ended September.
SIA Engineering Company (SIAEC) posted a group net profit of S$19.7 million for its second quarter ended Sep 30, up 87.6 per cent from S$10.5 million in the same period last year, it said in a bourse filing on Tuesday (Nov 1).
Revenue for the quarter rose 38 per cent to S$190.7 million, up from S$138.2 million the year before, largely driven by higher flight activities and higher revenue across all segments, it said.
Coal miner Golden Energy and Resources (Gear) on Tuesday (Nov 1) announced that it is looking to restructure or exit all or substantially all of its energy coal business.
To this end, its outstanding US$285 million 8.5 per cent senior secured notes due 2026 have been offered for exchange for new notes of the same value due 2027.