Stocks to watch: CapitaLand Ascendas Reit, Thakral, ASL Marine, Del Monte Pacific
THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 7):
CapitaLand Ascendas Reit (Clar) : The manager of Clar on Tuesday announced the proposed acquisition of three Singapore properties from Vita Partners for a total consideration of about S$565.8 million. It is expected to be completed by the first quarter of 2026. The properties are fully occupied by tenants in the technology, logistics and life sciences industries, with a weighted average lease expiry of 5.5 years and built-in rental escalations, said William Tay, the executive director and chief executive officer of the manager. Units of Clar ended Monday flat at S$2.85.
Thakral : The company will get S$13.1 million from the partial sale of its shares in The Beauty Tech Group, its UK-based investee company, which is due to list on the London Stock Exchange on Wednesday. The group said on Monday that the divestment proceeds will strengthen its financial position and enhance its liquidity. It plans to redeploy capital to opportunities that enhance earnings and long-term growth. Thakral shares ended on Monday at S$1.61, down 0.6 per cent.
ASL Marine : The group on Monday entered into a placement agreement with SAC Capital to offer up to 41.1 million of fully paid-up ordinary shares at a price of S$0.1703 apiece. This amounts to an aggregate consideration of up to S$7 million. ASL Marine intends to use 100 per cent of the net proceeds to fund capital expenditure and business expansion plans. The counter ended Monday flat at S$0.188, before the news.
Del Monte Pacific : The canned food brand is mulling a share placement that could raise between US$500 million and US$600 million as it aims to reduce debt and address a capital deficit. This comes as the bankruptcy of its US business has hit it with nearly US$800 million in losses. The group, which has dual listings on the Singapore Exchange and Philippine Stock Exchange, is considering an equity raise via a private placement at its unit, Del Monte Philippines Inc. Del Monte’s Singapore-listed shares ended Monday flat at S$0.092.
Trading halt: Healthbank Holdings called for a trading halt on Tuesday morning pending the release of an announcement, after its shares closed Monday flat at S$0.029.
Aspial requested a trading halt on Tuesday morning pending the release of an announcement, as its shares finished Monday flat at S$0.103.
AF Global called for trading of its shares to be halted on Tuesday morning pending the release of an announcement, as the counter ended Monday unchanged at S$0.096.
