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Stocks to watch: Saizen Reit, Sim Lian, SingPost
THESE stocks had news that may influence trading on Tuesday.
Saizen Reit: A reverse takeover (RTO) deal between Saizen Real Estate Investment Trust (Reit) and Sime Darby Property Singapore that has been brewing since August has made headway. Sime Darby Property, part of the Malaysian Sime Darby conglomerate, will have its Australian property assets injected into Saizen Reit in the RTO deal, Saizen Reit said on Monday.
Sim Lian: The stock will be suspended from the start of trading on Tuesday, after the percentage of its shares held in public hands dropped below 10 per cent following the close of a general offer by the group's controlling Kuik family, it said in a Singapore Exchange filing on Tuesday morning.
Singapore Post: The group has appointed three new non-executive independent directors to its board in line with a recent corporate governance review, it said on Monday. The three directors are former Ernst & Young chairman Fang Ai Lian; director of law firm Morgan Lewis Stamford, Elizabeth Kong; and chairman of Ascott Residence Trust Management, Bob Tan.