Stocks to watch: CapitaLand India Trust, SIA, Soilbuild

THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 13):

CapitaLand India Trust : It is acquiring a freehold site in Ambattur, Chennai, to develop its third data centre in India, announced the trustee-manager on Tuesday. Including the site acquisition cost of 832.8 million rupees (S$14.1 million), the project is estimated to cost CapitaLand India Trust some 19.4 billion rupees over the next four to five years as it develops the data centre in phases. Units of the trust closed on Monday S$0.02 or 1.8 per cent lower at $1.12.

Singapore Airlines (SIA) : The national carrier will adjust the conversion price of its 1.625 per cent convertible bonds due 2025, from S$5.743 to S$5.6309. The airline will also adjust the conversion price of its zero-coupon mandatory convertible bonds due 2030, from S$4.84 to S$4.7453. The adjusted conversion prices will take effect from Dec 13. SIA closed at S$5.51 on Monday, up 0.4 per cent or S$0.02 prior to the announcement.