Singapore Stocks to Watch: Sats, Mapletree Pan Asia Commercial Trust, City Developments
The following companies saw new developments that may affect the trading of their securities on Friday (Mar 24):
Shareholders making up 90.4 percent of Sats shares have made valid applications for new shares it will be issuing, announced the inflight caterer and ground handler in a bourse filing on Thursday (Mar 23). The issuer will allocate these rights shares, amounting to 328.1 million, in full to those whose applications have been accepted.
The manager of Mapletree Pan Asia Commercial Trust(MPACT) said that the real estate investment trust (Reit) will be issuing S$150 million of senior green notes priced at a fixed rate of 4.25 percent annually.
Singapore’s City Developments Limited (CDL) has agreed to buy a five-star hotel in northeastern Australia from Brookfield Asset Management for A$177.7m (€109m). The acquisition of the 30-storey Sofitel Brisbane asset, located in Brisbane was made through CDL’s hotel subsidiary, Millennium & Copthorne Hotels, in a 50-50 joint venture with its New Zealand-listed subsidiary, Millennium & Copthorne Hotels New Zealand.
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