Stocks to watch: SGX, Aims Apac Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 9):

Singapore Exchange (SGX) : SGX has divested its wholly owned subsidiary, Scientific Beta, to global index provider Stoxx for a consideration of about 23 million euros (US$26.3 million), the local bourse operator said on Wednesday. The transaction is part of the group’s efforts towards active portfolio management and capital allocation. Shares of SGX fell 0.7 per cent or S$0.16 to close at S$24.01 on Wednesday.

Aims Apac Reit : The real estate investment trust (Reit) is acquiring a 9.15-hectare freehold industrial landholding in Perth, Australia, for A$42.7 million (US$29.6 million), the manager said on Thursday. The fully occupied property is leased to Swan Materials under a 10-year triple-net lease that features a fixed annual rental escalation rate of 3.25 per cent. Expected to generate an initial yield of 5.3 per cent, the debt-funded acquisition is distribution per unit accretive. Units of Aims Apac Reit rose 0.6 per cent or S$0.01 to close at S$1.64 on Wednesday.