Stocks to watch: CapitaLand Ascendas Reit, Sinarmas Land, Oxley Holdings

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 3): 

CapitaLand Ascendas Reit (Clar) : The manager said on Tuesday that it received in-principle approval for the listing and quotation of up to 202.4 million new units of Clar on the mainboard of the Singapore Exchange on Monday. The new units are expected to be issued under a private placement that will partially fund Clar’s acquisition of a data centre in Tai Seng and a building in Science Park. Units of Clar closed Monday 1.5 per cent or S$0.04 higher at S$2.61 before the announcement. 

Sinarmas Land : The property development group requested a suspension in the trading of its shares to take effect from 9am on Tuesday, as the percentage of its total issued shares held in public hands has fallen below 10 per cent free float requirement. This comes as the privatisation offer by the Widjaja family-controlled Lyon Investments for all Sinarmas shares closed on Monday at 5.30pm, with the offeror’s resultant shareholding amounting to around 4.2 billion shares or 98.65 per cent of the total shares of Sinarmas. The counter ended Monday 1.4 per cent or S$0.005 higher at S$0.375 before the announcement.