Stocks to watch: Manulife US Reit, OUE, OUELH, Hong Leong Finance, Sanli

THE following companies saw new developments that may affect trading of their securities on Wednesday:

Manulife US Real Estate Investment Trust (Manulife US Reit): The manager on Wednesday said the Reit has obtained a five-year US$250 million unsecured sustainability-linked loan from DBS and OCBC. The loan will be used for general corporate and working capital purposes, including refinancing existing loan facilities in connection with the Reit's green buildings. Manulife US Reit units closed at 71.5 US cents on Tuesday, down 0.5 cent or 0.7 per cent.

OUE, OUE Lippo Healthcare(OUELH): Real estate group OUE on Tuesday said it has signed a share purchase agreement with Tokyo-listed Itochu Corporation to purchase about 266.6 million shares, or a 6 per cent stake, in Catalist-listed OUELH for about S$27.7 million in cash, equivalent to S$0.10375 per share. Before the announcement, shares of OUE closed up 1.8 per cent or S$0.02 to close at S$1.16 on Tuesday while shares of OUELH closed at 4.1 Singapore cents, up 5.1 per cent or 0.2 cent.

Hong Leong Finance: The finance company is the latest among Singapore lenders looking to take a bite of the green car loan pie, turning its attention to vehicle rental companies, with a 1.5 per cent per annum vehicle-green loan. Shares of Hong Leong Finance closed down 0.4 per cent or S$0.01 at S$2.41 on Tuesday.

Sanli Environmental: The environmental engineering group on Tuesday said operations at its 60 per cent owned subsidiary, Sanli Environmental (Myanmar), have been disrupted due to the political situation and that it is still too early to ascertain the longer-term impact on the group's businesses. Sanli's shares last traded at 5.5 Singapore cents on Friday.

Darco Water Technologies: The water and waste water treatment solutions group said in a filing on Tuesday that Robert Wang Zhi has stated his desire to retire from his directorship and as deputy chairman, and will not seek a re-election at the next annual general meeting. Shares of Darco last closed at S$0.19 on March 17.

First Ship Lease Trust: The manager of the trust has completed the disposal of the vessel FSL Osaka to an unaffiliated third party at book value, and has realised net sale proceeds of about US$10.7 million. Shares of First Ship Lease Trust closed flat at 8.5 Singapore cents on Tuesday.

OUE Commercial Reit: The manager of OUE Commercial Reit on Tuesday said that its trustees have exercised the greenshoe option on its facility agreement dated December 2020 to upsize the senior secured facilities from S$900 million to S$978 million. Units of OUE Commercial Reit fell 1.3 per cent or 0.5 Singapore cent to close at S$0.39 on Tuesday.