THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 28):
Mapletree Logistics Trust (MLT) has agreed to sell its 23-year-old cargo lift warehouse on 3 Changi South Lane to Nova Furnishing Holdings for S$22 million as part of its manager’s rejuvenation strategy.
The proposed sale price represents a 39.2 per cent premium to the property’s latest valuation of S$15.8 million as at Oct 1.
Property player Chip Eng Seng’s independent financial adviser (IFA) Xandar Capital on Tuesday (Dec 27) said terms of couple Gordon and Celine Tang’s offer to privatise the company at S$0.75 per share are fair “on balance” when asked to elaborate on how it concluded that the deal is “fair and reasonable”.
The final offer consideration represents a discount of approximately S$0.5863 or 43.9 per cent to the revalued net asset value (RNAV) per share of S$1.3363, drawing queries from the Singapore Exchange Securities Trading (SGX-ST).
Watch-listed company Ossia International said the Singapore Exchange Securities Trading (SGX-ST) confirmed on Tuesday (Dec 27) it does not object to granting it a third time extension to meet the financial criteria to exit the watch list.
In a bourse filing, the Singapore-based distributor and retailer of luxury goods said the extension being sought was for another 12 months, to Dec 4, 2023.
The original deadline was Dec 4, 2020.