Singapore Stocks to Watch: Mapletree Pan Asia Commercial Trust, Sembcorp, CDL, Boustead Projects
The following companies saw new developments that may affect the trading of their securities on Thursday (Mar 23):
The manager ofMapletree Pan Asia Commercial Trust (MPACT) said that Mapletree North Asia Treasury Company had fully redeemed S$117.8 million of 3.5 percent notes due on Wednesday (Mar 22). These were issued in March 2016 under the US$1.5 billion Euro Medium Term Securities Programme established in May 2013.
Sembcorp Industries, an energy company backed by state-owned investor Temasek Holdings, is considering selling its waste management unit, according to people with knowledge of the matter.
City Developments Limited (CDL) is acquiring an 87.9 percent effective group interest in Australia’s Sofitel Brisbane Central hotel for A$177.7 million (S$159.2 million), which translates to about A$427,000 per key.
The Singapore Exchange Regulation (SGX Regco) said on Wednesday (Mar 22) that Boustead Projects must restore its free float after its shares are suspended at the close of the takeover offer by its parent company Boustead Singapore.
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