Stocks to watch: Aims Apac Reit, Marco Polo Marine, Geo Energy Resources, Aspial Lifestyle

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Mar 5): 

Aims Apac Reit (AA Reit) : The trust is proposing to divest a Singapore industrial property at 8 Senoko South Road for S$15 million. As part of its capital recycling strategy, the deal is subject to JTC Corporation’s approval and is expected to be completed within the first half of 2026. Units of AA Reit ended Wednesday 3.4 per cent or S$0.05 down at S$1.43, before the news.

Marco Polo Marine : The integrated marine logistics company raised around S$21 million via a private share placement, with net proceeds to be used for capital expenditure, in line with its business expansion plans. The placement shares are set to be listed and quoted on the Singapore Exchange (SGX) mainboard on Thursday, with trading to commence at 9 am, the group said on Wednesday. Shares of Marco Polo Marine ended Wednesday 4.1 per cent or S$0.007 lower at S$0.166, before the news.

Geo Energy Resources : The coal producer announced on Thursday that it intends to raise gross proceeds of up to S$14.9 million through a proposed placement of 35 million new shares. The placement price has been set at S$0.425 per share. Geo Energy Resources called for a trading halt on Wednesday and lifted the trading halt on Thursday morning. The counter last traded at S$0.445, 3.5 per cent or S$0.015 higher, on Tuesday.

Aspial Lifestyle : The board of the Catalist-listed company on Wednesday proposed a transfer of the listing of the company to the mainboard of SGX. The move is intended to enhance the company’s ability to access equity and debt capital markets, considering how some institutional and international investors may have investment mandates focused on mainboard-listed companies. The counter ended 1.4 per cent or S$0.005 lower on Wednesday at S$0.365, prior to the news.