Stocks to watch: FLCT, MLT, Natural Cool, KIT, HRnetGroup, Sembmarine

THE following companies saw new developments that may affect trading of their securities on Monday (Jun 13):

Frasers Logistics & Commercial Trust (FLCT): Its manager on Friday proposed to acquire 3 prime logistics and industrial properties in Australia for a portfolio purchase price of A$61 million (S$60.4 million). FLCT closed 0.8 per cent or S$0.01 lower at S$1.33 on Friday, before the announcement.

Mapletree Logistics Trust (MLT), Natural Cool Holdings: Air-conditioning services company Natural Cool said on Friday MLT is seeking payment of over S$1.4 million of rental in arrears from wholly-owned subsidiary NCH. Units of MLT closed 1.8 per cent or S$0.03 lower at S$1.67, before the announcement. Natural Cool last closed Thursday flat at S$0.039 before it called for a trading halt on Jun 10. The counter resumes trading on Monday.