Stocks to watch: Wilmar, CICT, CDLHT, Centurion
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[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Apr 20):
Wilmar International : The agribusiness company on Friday said it foresees “certain indirect impact” on its operations from the ongoing Middle East conflict, but believes its current structure is sufficient to manage the situation. The group said contributions from the region account for a single-digit share of total revenue. Shares of Wilmar fell 0.3 per cent or S$0.01 to close at S$3.84 on Friday, before the announcement.
CapitaLand Integrated Commercial Trust (CICT) : The trust announced the sale of its 100 per cent interest in Asia Square Tower 2 to IOI Properties for an agreed property value of nearly S$2.5 billion on Monday. Separately, it announced that it has entered into a sale and purchase agreement to fully acquire Paragon for S$3.9 billion. Units of CICT ended flat at S$2.39 on Friday, before a trading halt was called on Monday morning.
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