Stocks to watch: CapitaLand Investment, SPH, SPH Reit, ALog Trust, Wilton Resources
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THE following companies saw new developments that may affect trading of their securities on Monday (Apr 4):
9CI: CapitaLand announced on Monday that its development arm CapitaLand Development (CLD) has won the bid for 2 prime residential sites in China - located in the cities of Wuhan and Chengdu - for a total of 3.5 billion yuan. CLD plans to build 1,581 homes catering to first-time homebuyers and upgraders on these sites. Shares of CapitaLand Investment, the real estate investment unit of the group, closed up S$0.05 or 1.3 per cent at S$4.04 on Friday. (see amendment note)
T39: The company said in a bourse filing on Friday that Cuscaden Peak's bid to acquire itself via a scheme of arrangement was sanctioned in court. Its last day of trading will be Apr 7, before the group's shares are suspended from 9 am the following day and subsequently delisted on May 13. SPH shares, which were suspended from trading on Friday and will resume on Monday, closed flat at S$2.35 on Thursday.
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