THE following companies saw new developments that may affect trading of their securities on Tuesday (Apr 12):
The real estate investment arm of property developer CapitaLand said that its lodging business The Ascott has set a target.
ESR-Reit is redeveloping its 21B Senoko Loop general industrial property into a build-to-suit, high-specification facility for existing master tenant NTS Components Singapore.
The redevelopment will cost about S$38.5 million and is expected to be completed by Q1 2024, the real estate investment trust's manager said in a press statement on Tuesday (Apr 12).
It will also raise the number of high-spec assets in ESR-Reit's portfolio to 9, representing 18.4 per cent of its portfolio valuation as at Dec 31, 2021.
THE auditor of Dasin Retail Trust has flagged a material uncertainty that may cast significant doubt on the real estate investment trust (Reit)'s ability to continue as a going concern, reported the Reit in a bourse filing on Monday (Apr 11).
Construction firm Lian Beng Group has won a new contract bringing its order book to $1.5 billion, according to chairman and managing director Ong Pang Aik in an exchange filing on April 11.
In the company’s prior update on March 9, it said its order book had hit $1.4 billion, and in an even earlier update, as at Jan 14, its order book was $1.3 billion.
These contracts are estimated to keep the company busy till FY2026.