Stocks to watch: Aims Apac Reit, GSH, Hatten Land

THE following companies saw new developments that may affect trading of their securities on Friday (Sep 16):

Aims Apac Reit (AA Reit): It is partnering SP Group to install rooftop solar photovoltaic systems across 6 of its industrial, logistics and warehouse properties by December 2023. According to both parties in a joint statement on Friday, this will be one of the largest rooftop solar installations by any Singapore-listed real estate investment trust. Units of AA Reit closed S$0.01 or 0.7 per cent higher at S$1.36 on Thursday.

GSH Corporation : The property developer on Thursday announced that it has raised S$19.54 million in gross proceeds through the first initial issue of digital commercial paper. The issue, launched under a S$200 million multi-tranche unsecured commercial paper facility programme and to be listed on the ADDX Platform, offers an interest rate of 4.1 per cent per annum and matures 3 months from the date of its listing. The counter closed flat at S$0.178 on Thursday, before the announcement was made.

Hatten Land : The Catalist-listed developer has formed a joint venture with a company part of Nefin Group, a green independent power producer linked to Philippines-listed Acen, which is part of Ayala Corporation. The joint venture will raise up to US$10 million in funds for renewable energy projects, with a focus on solar energy generation in Singapore and Malaysia. Hatten Land closed 3.1 per cent or S$0.001 lower at S$0.031 on Thursday.

Trading halt: Mercurius Capital Investment on Friday called for a trading halt pending the release of an announcement. The household goods manufacturer closed on Thursday unchanged at S$0.05.